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Why is Bajaj Finance online FD a preferred investment avenue?


Why is Bajaj Finance online FD a preferred investment avenue?
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There is no circumventing the fact that the Indian economy has seen better days. After the calamitous figure of 23.9 per cent year-on-year GDP contraction for the April - June quarter made rounds earlier this year, alarming the economists, investors and the common populace alike, things haven’t significantly improved as we near the end of 2020. Depending on how you interpret the data provided by multiple financial and economic institutions, you either find a reason to be a little more optimistic about the next 12 months or find other reasons to fret about.

As more Indians try to find safer avenues and low-risk investment options, we once again turn to the tried and tested method of fixed deposit.

Why must you invest in a Fixed Deposit?

It was reported last month by the Centre for Monitoring Indian Economy (CMIE), that the first three weeks of September witnessed a labour participation rate of 40.7 per cent on average. However, the 30-day moving average until September 20 was 40.3 per cent, which reduced from 40.96 per cent in the month of August. This indicates a shrinking labour force, which signifies a deteriorating labour market. This in turn implies that the people have been so disenchanted and discouraged by the market conditions, that they have opted to sit out of the job market.

Another way of looking at it is through the number of salaried employees today. In 2019-20, there were around 86 million salaried jobs in the country, which plunged to just 65 million in August 2020, a staggering difference of 21 million. While the job market is expected to recover a little over the coming months, this year has once again reminded us the importance of savings. Having said that, it was a growing sentiment even before the year began. According to a research report by YouGov, increasing savings was the main financial goal of 37 per cent of urban Indians this year, which increased from 32 per cent in 2019.

Given the turbulent year for investors and salaried employees alike, capital safety, followed by capital appreciation have been the two most important aspects investors have been looking for this year. This makes fixed deposit the ideal investment instrument, as it assures guaranteed returns, along with the prospect of significant capital growth over the duration of a few years.

Reasons to grow your savings with Bajaj Finance online FD

It is imperative that you choose an institution that offers you the dual benefits of safety and higher interest rates. Bajaj Finance online FD is backed by the highest safety ratings, and is rated FAAA (stable) by CRISIL and MAAA (stable) by ICRA, indicating lowest investment risk and highest safety. Bajaj Finance currently has 2,35,925 unique FD customers and 92,712 unique FD customers that are senior citizens.

To emphasize on the second point, Bajaj Finance Limited also offers some of the highest FD interest rates in India. Bajaj Finance FD can offer up to 7.35 per cent interest rate, while traditional banks on average offer between 5.50 - 6 per cent, and other NBFCs offer up to 6.3 per cent interest rates on average.

To put this into perspective, let us assume that you have decided to invest Rs. 30 lakh in a fixed deposit scheme for a period of 5 years. Here is the maturity amount you can expect from Bajaj Finance fixed deposit, an FD scheme offered by one of the traditional banks, and a fixed deposit scheme offered by one of the other NBFCs in the country.

Fixed Deposit Type

Investment Amount (Rs.)

Interest (%)

Interest Earned (Rs.)

Maturity Amount

Bajaj Finance Online FD (Non-Senior Citizen)

30,00,000

7.2

12,47,126

42,47,126

Traditional Bank (Non-Senior Citizen)

30,00,000

5.5

9,42,200

39,42,200

NBFC (Non-Senior Citizen)

30,00,000

6.3

11,00,699

41,00,699

Note: ROI in the above calculator may vary up to 4 bps with the actual rates offered

As the table shows, one can earn more by investing in a Bajaj Finance FD, as compared to FD schemes offered by other banks and institutions. Apart from capital safety and capital appreciation, Bajaj Finance Limited also offers flexible tenors ranging from 12 months to 60 months, and the option to either invest in a cumulative FD or a non-cumulative FD scheme. This can be critical during these unprecedented times. Whether you are a senior citizen or an employee that wants the assurance of income coming in every month, non-cumulative FD schemes can prove to be extremely important.

Let us assume that you wish to invest Rs. 25 lakh in a Bajaj Finance FD for five years, and considering the current unpredictable market climate, you want to receive interest payouts every month. This is the interest payout amount you can expect from a Bajaj Finance FD depending on the frequency of payouts.

Fixed Deposit Type

Investment Amount (Rs.)

Frequency of Payout 

Interest (%)

Interest Payout Amount (Rs.)

Bajaj Finance Online FD (Non-Senior Citizen)

25,00,000

Monthly

6.97

14,521

Bajaj Finance Online FD (Non-Senior Citizen)

25,00,000

Quarterly

7.01

43,813

Bajaj Finance Online FD (Non-Senior Citizen)

25,00,000

Half-Yearly

7.08

88,500

Bajaj Finance Online FD (Non-Senior Citizen)

25,00,000

Annually

7.20

1,80,000

Note: ROI in the above calculator may vary up to 4 bps with the actual rates offered

If you are a senior citizen, the table below gives you the figures of periodic payouts, under the same investment amount and period.


Fixed Deposit Type

Investment Amount (Rs.)

Frequency of Payout 

Interest (%)

Interest Payout Amount (Rs.)

Bajaj Finance FD (Senior Citizen)

25,00,000

Monthly

7.11

14,813

Bajaj Finance FD (Senior Citizen)

25,00,000

Quarterly

7.16

44,750

Bajaj Finance FD (Senior Citizen)

25,00,000

Half-Yearly

7.22

90,250

Bajaj Finance FD (Senior Citizen)

25,00,000

Annually

7.35

1,83,750

Note: ROI in the above calculator may vary up to 4 bps with the actual rates offered

One needn’t have a large amount to start investing in a Bajaj Finance FD scheme either; you can start investing with a minimum lump-sum amount of Rs. 25,000, or through the Systematic Deposit Plan (SDP), where you can invest with just Rs. 5,000 per month.

Depending on the amount you wish to invest in Bajaj Finance FD, along with your preferred tenure, you can also calculate how much you can save by using the FD interest calculator.

It is important to have a contingency plan during these times, and Bajaj Finance online FD offers the best possible terms for investors. Not only do they serve as a safe haven for your corpus, but also act as the ideal instruments for capital growth. Furthermore, you can invest in a Bajaj Finance FD online, which eliminates the need for lengthy documentation.

Alternatively, if you want to invest offline, you can utilize Bajaj Finance Limited’s doorstep services, thus avoiding long queues and wait times. With either just a few clicks, or by availing Bajaj Finance Limited’s services, you can protect your money, and be assured of guaranteed returns through the Bajaj Finance FD scheme.

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