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Bajaj Finserv
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Multiply Savings with Bajaj Finance FD, in a Low Interest Rate Regime

With interest rates up to 6.60 percent on Bajaj Finance Fixed Deposit, one can save a small portion of their monthly savings to get assured returns

Jan 08, 2021 13:23 IST 
Pune, Maharashtra, India

The Union Budget 2021 will be announced on February 1, 2021, and there are several expectations in terms of subsidies, and tax cuts. This year’s Union Budget is highly anticipated, as it would set course for economic recovery, after the unprecedented economic fluctuations witnessed in 2020.


The Reserve Bank of India took an accommodative stance, and reduced repo rates to a nine-year low, to infuse surplus liquidity to combat the economic slowdown last year. However, this resulted in a downward pressure on deposits, resulting in reduction of FD interest rates across different financial institutions.


Impact of Union Budget 2021 on investments

Individuals looking to grow their savings through investment avenues, were the worst-hit by measures taken to respond to the economic slowdown. With market volatility at an all-time high, risks involved in debt funds or stocks increased significantly. On the other hand, fixed-income instruments yielded very low returns due to repo rate cuts. The interest rates on government savings schemes was also reduced, and the interest rates remained unchanged for the quarter January to March 2021.


Investors are eyeing the Union Budget 2021 which can kick-start the next wave of investment cycle. But, for those looking to invest before the budget announcement, Bajaj Finance Fixed Deposit can be a great option.


Here are some reasons that make this FD a great investment choice for all investors, regardless of their risk appetite.


Competitive interest rates

In the present scenario, interest rates on bank FDs are hovering between 3-5%, and market-linked instruments have not been providing consistent returns. Thus, Bajaj Finance FD comes across as a great avenue for growing savings, with assurance of returns up to 6.60% for individuals below 60 years of age. There is also an additional rate benefit of 0.10% on investing in Bajaj Finance online FD. With an end-to-end online FD process, investors can reap the benefit of investing from home, sans lengthy paperwork.


Additionally, senior citizens get additional rate benefit of 0.25% on their deposit, regardless of the mode of investment.


Highest safety of deposit

With the highest safety ratings of FAAA by CRISIL and MAAA by ICRA on their deposit, customers choosing to invest in Bajaj Finance FD can get assured returns on their deposit. Bajaj Finance is also known as one of the only issuers to have ‘0 unclaimed deposits’, which is a strong indicator of timely repayments and default-free investment experiences.


Laddering with Systematic Deposit Plan

Systematic Deposit Plan (or SDP) by Bajaj Finance Limited, is an industry-first offering that enables investors to ladder their monthly savings in a hassle-free manner. With SDP, investors can start saving with amounts starting just Rs. 5000 per month. The interest rate prevailing on the date of every monthly deposit, will be applicable to that particular deposit. This provides investors with the option to reap the benefits of higher interest rates, when FD rates go up in the future.


Additionally, those saving with Systematic Deposit Plan can get their returns on a monthly basis with Monthly Maturity Scheme, or even choose to get a lumpsum amount with Single Maturity Scheme.


Bajaj Finance also offers FD Calculator to help investors know the returns on their deposit, before they invest. This free and easy to use tool makes it easy to plan investments better, without the need for complex manual calculations to determine maturity details. 


About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 44 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.


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