Is Bajaj Finance Fixed Deposit the Safest Investment Option in 2021?
Bajaj Finance FD is considered to be the safest investment option in 2021 as it has received the maximum credibility ratings by credit rating agencies like CRISIL and ICRA. Therefore, it is a stable and secure investment avenue for anyone interested in investing in fixed deposit schemes. Here are a few reasons that make it a secure and profitable investment alternative for everyone:
Trust of customers
Over 2,35,000 customers have invested in Bajaj Finance Fixed Deposits till now. These numbers justify that the Bajaj Finance FD scheme is a safe option if you are interested in investing in fixed deposits.
End-to-end paperless investment process
You need not visit a branch office to invest in a fixed deposit plan as Bajaj Finance is offering an end-to-end online investment procedure. For that, you only need to fill an online FD form and submit the CYC number for completing the documentation. Also, a 0.10% additional FD interest rate is provided if you opt for this online procedure.
Highest credit ratings
CRISIL has given FAAA/stable ratings whereas ICRA has given MAAA/stable ratings to the Bajaj Finance FD scheme. These are the highest credit ratings available with these credit rating organizations. Therefore, it becomes a testament to the fact that Bajaj Finance fixed deposit is a secure investment option.
Best interest rate
The FD rate of 7.25% offered by Bajaj Finance is one of the highest 2021 FD rates in India. Therefore, you will get surplus returns on investing in any of its FD plans.
The online FD interest calculator will enable you to predict the returns accurately and it also helps to determine the FD tenor and amount that suits your financial plans.
Higher FD rate to senior citizens
A 0.25% extra FD rate is offered to senior citizens. This means that you can benefit from the additional FD rate if your age is above 60. With monthly, quarterly, six-monthly, or yearly interest payouts offered by non-cumulative FDs, you can also utilize your deposits as a monthly income generator.
Flexible tenor
A flexible tenor ranging from 12 to 60 months can be selected for your deposited amount and you can start investing in this FD scheme with a meager amount of Rs. 25,000. Also, if you want to invest in multiple FDs at once, you can utilize its multi-deposit facility. This feature lets you pick varying tenors and FD types for your deposits. It provides you with an easy option to ladder deposits and you also get better liquidity options by choosing multiple liquidity points smartly.
Systematic Deposit Plan
If you are not interested in investing in fixed deposits, you can prefer to invest in the Systematic Deposit Plan that is offered by Bajaj Finance. With this deposit scheme, you just need to deposit a fixed amount of Rs. 5000 or more every month.
Also, you can pick between 12 to 60 months for each of your deposits or all your deposits can mature on a single date. The number of deposits can be between 6 and 48 as per your financial requirements. This scheme allows you to gain the benefits of fixed deposits without depositing a bulk amount. It is also an ideal option for those who have just started earning.
Among the different FD schemes available in the market, the Bajaj Finance FD scheme seems to be the most convenient and stable option for investors. This is because it has won the trust of over 2 lakh customers and it also has received the highest credibility ratings by credit rating organizations like CRISIL and ICRA. Also, a high interest rate and online investment procedure let you earn surplus returns without breaking a sweat.
A higher FD rate offered to senior citizens and options like multi-deposit facility make it a convenient investment avenue for everyone. Also, if you are not keen on investing in FDs, then you can think of the SDP that offers the flexibility and benefits of FD without the requirement of a bulk deposit.
