As we start a new year, it’s vital to plan our finances and investment options for the year ahead. For those looking for secure investment opportunities with low risk and high returns, fixed deposits (FDs) are an excellent choice. Bajaj Finance Digital FDs, in particular, offer attractive interest rates of up to 8.85% per annum and a digital platform for hassle-free investments. In this article, we will explore how to plan your financial year with Bajaj Finance’s new FD offer.
What are Fixed Deposits?
Fixed Deposits or FDs are considered to be a low-risk investment option and are suitable for investors looking to store their funds for a fixed period and earn a guaranteed return. Investors deposit a lump sum of money with a financial institution and earn interest on that sum at a pre-determined rate and tenure.
FDs are a secure investment option as the return on investment is fixed and guaranteed. The interest rate offered on FDs is usually higher than savings accounts and can vary depending on the tenure and the financial institution. FDs are also very liquid assets, allowing investors to withdraw their funds at any time, subject to some terms and conditions.
Why Choose Bajaj Finance Digital FDs?
Bajaj Finance Digital FDs are a perfect fit for investors looking for low-risk investment options with high returns. Here’s why:
Low-Risk and High Credit Rating
Bajaj Finance FDs come with a high credit rating, which means that your investments are entirely safe and provide a high degree of safety and reliability. Bajaj Finance FDs are CRISIL AAA/Stable rated, which is the highest rating for any financial company in India.
Digital Process
With Bajaj Finance Digital FDs, you can invest your money without visiting a branch office. The entire process is digital, making it convenient and hassle-free for investors. You can apply for an FD online through a digital web portal or mobile app from the comfort of your home. The digital platform is secure and easy to use, ensuring a seamless investing experience.
Flexible Investment Tenure
Bajaj Finance offers a range of investment periods for its FDs, starting from 12 months to 60 months. This allows investors to choose the period that best suits their financial needs. Longer-term investments can also provide benefits such as higher interest rates.
Attractive Interest Rates
Bajaj Finance offers some of the highest interest rates in the market on FDs, with rates up to 8.85% per annum. The rates are only offered on FDs booked online through the digital platform, making it a lucrative opportunity for investors who choose to invest digitally.
Different Payout Options
Bajaj Finance provides multiple options for the payout of returns on the investment. Customers can choose between monthly, quarterly, half-yearly, or yearly payout options, depending on their financial needs. This allows investors more flexibility in managing their finances and choosing the options that best suit their requirements.
Premature Withdrawal and Loan Options
Bajaj Finance allows customers to withdraw their investment prematurely and avail of a loan against their FDs at attractive rates. This option can be accessed in case of an emergency or any unexpected financial requirement. The loan option also allows you to fulfil financial goals such as home renovation, children’s education, or any other major expenses.
Easy Investment Options
Bajaj Finance Digital FDs require minimal documentation, and the investment process is hassle-free. Investors need to register on the Bajaj Finance website to access the digital FD option. Once registered, investors can choose the investment period, payout options, and payment mode before completing the investment.
How to Plan Your Financial Year with Bajaj Finance’s New FD Offer?
Planning your financial year with Bajaj Finance’s new FD offer is an excellent way to make the most of your investments. Here’s how you can do it in a few easy steps:
Evaluate your Financial Goals
The first step in planning your financial year is to evaluate your financial goals. Ask yourself: What are your short-term and long-term financial goals for the year? Do you need to save for a specific expenditure or invest in a long-term goal such as buying a house or planning for your retirement? Once you have identified your goals, you can choose the FD tenure that best suits your needs.
Calculate Your Investment Amount
The next step is to calculate the amount you want to invest in Bajaj Finance Digital FDs. You can use a Fixed Deposit calculator available on the Bajaj Finance website to calculate the returns on your investment amount based on the tenure you choose.
Choose an Investment Tenure
Bajaj Finance offers investment tenures ranging from 12 months to 60 months. Based on your financial goals, you can select the tenure that suits you best. Longer tenures usually come with higher interest rates.
Decide on the Interest Payout Frequency
Bajaj Finance Digital FDs offer the option to receive interest payouts monthly, quarterly, half-yearly, or annually. You can choose the frequency that best meets your financial requirements.
Complete the Online Application
Once you have evaluated your goals, calculated your investment amount, and chosen a tenure, you can proceed to complete the online application process. The digital process is simple, and you can complete the KYC process through the app or website.
Monitor Your Investment
Once you have opened a Bajaj Finance Digital FD, you can monitor your investment through the Bajaj Finance website or app. You can track your investment details like the amount invested, the interest rate, the tenor, and the maturity date. You can also download your account statement and receive email alerts for all transactions related to your Fixed Deposit.
Conclusion
Fixed Deposits are a great option for those who prioritize stable investments with minimum risk.Bajaj Finance Digital FDs are a secure and hassle-free way to invest yoursavings, with attractive interest rates of up to 8.85% per annum. By planning your financial year with Bajaj Finance’s new FD offer, you can make the most of your investments and achieve your financial goals. Regardless of your financial requirements, Bajaj Finance Digital FDs offer flexible investment tenures and payout options that can help you manage your finances more effectively. So why wait? Start planning your financial year today with Bajaj Finance’s new FD offer and start investing through the Bajaj Finserv app.