Pune, September , 2017:Senior citizen planning to invest in safe financial instrument can earn higher return for smaller amount through Bajaj Finance Ltd’s Fixed deposit. Bajaj Finance Ltd, India’s leading non-bank, is offering an attractive interest rate 8.10% on fixed deposits to senior citizens. Bajaj Finance Ltd’s fixed deposit has one of the highest approval ratings in the market, which means safety and reliability for every investor.
In order to protect senior citizens from decline in interest rates, recently government had announced a fixed 8 percent returns on 10-year bank deposits of up to Rs. 7.5 lakh. Following the same principal, Bajaj Finance Ltd is offering a higher rate of interest for senior citizens for an amount as low as Rs. 25000.
Bajaj Finance Ltd offers an attractive interest rate of 7.85% for the other age group. Customers can select the customer according to their need. Existing customer of Bajaj Finance will enjoy an extra 0.10% on fresh deposits.
The Indian Fixed Deposits market is estimated to be Rs. Rs.110,00,000 crore of which the corporates FDs is approximately 50%. Bajaj Finance Ltd’s FD CARG witnessed a growth of 137% in last 3 years. FD asset under management stood at 5521crore as August 31 2017.
Customer can access a wide network of Bajaj Finance with a presence in 200+ cities to invest in this Fixed Deposit. Bajaj Finance’s FD, awarded with rating from CRISIL, ICRA, CARE & India Ratings, are available in various tenors from 12 to 60 months according to the customer needs.
Key features of Bajaj Finance Ltd’s FD
1. Stable Returns
A fixed deposit guarantees a fixed, pre-decided rate of interest on your investment, which is credited to your account at the end of the tenure.
2. Check your returns
While it’s important to have safe investments but one should also know the returns that will be receive at the end of the tenure. Bajaj Finance Ltd, through its Fixed Deposit Calculator, assists the applicant to calculate the returns that will received at the end of the tenure.
3. No Approvals
Unlike high-risk investments that have to go through one or multiple rounds of approvals, fixed deposit don’t need anybody to sign off.
About Bajaj Finance Ltd
Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.