Perfect investment option Fd and best interest rate options
You can make an FD with Post office, non-banking financial institutions (NBFCs), saving banks, commercial banks . Therefore, ascertaining which scheme to choose can be a hectic task. But not if you look at their interest rates and make a decision.
Avg. Fixed Deposit interest rate in India is 5.5%. Till July 2021, the average FD rates offered for tenors ranging from 7 days to 10 years, for deposits below Rs. 2 crores of major financial institutions is 6%. But for NBFCs, the FD rates are a bit higher and hence Gives more Return On Investment. At Bajaj Finance itself the rates range from 5.65% to 6.75%.
In Addition there are a few benefits that make Bajaj Finance FD the best investment option for you. These are:
- Auto-renewal
- Smaller Minimum Deposit
- High Credibility and Stability
- High Interest Rates
If you are looking to invest your money Bajaj Finance FD would be the best option.
You can read more @ Best option available in market if looking for investing in FD
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