Bajaj Finance Announced Hike in FD Rates: Here’s All You Need to Know

When talking about investment, the fixed deposit remains the unparalleled first choice for many investors. To be honest, factors like zero investment risk, guaranteed returns, flexibility in terms of tenor and investment amount along with the highest degree of liquidity and the associated tax benefits make FDs an irresistible investment avenue. Also, the recent announcement by Bajaj Finance is only going to add to the popularity, attracting more number of people to invest in FD.

Bajaj Finance, one of the leading NBFCs in India recently announced a hike in the interest rates for their FD schemes. Earlier, the NBFC was offering an interest rate of 7.85% per annum which was already the highest one could get from FD, but now, after the recent announcement, an FD scheme from Bajaj Finance can get you a whopping 8.40% return on investment if your investment is in accordance with all the terms and conditions. Aside from that, there are certainly other advantages to investing in an FD. Check them below. 

Best in class investment safety

High returns and high risk go hand in hand when discussing investment, yet, the same isn’t applicable on fixed deposit. An FD scheme offers you the highest principal safety along with a relatively high return which is quite evident in the first two paragraphs.

Additional interest benefits for senior citizens and existing customers

Bajaj Finance also offers additional interest benefits for their existing customers and senior citizens which is over and above the offered average. A senior citizen FD gets an additional interest of 0.35% per annum, whereas, for existing customers, the additional interest benefit is capped at 0.10% per annum.

Online application and account management facility  

Lastly, you can manage your investment and every aspect related through the online account management facility.