A Fixed Deposit Investment Scheme From Bajaj Finance: How Does it Work?
You can invest in a Fixed Deposit with Bajaj Finance very easily. You will need to enter your personal information, investment details, banking information, and nominee information on the Bajaj Finance online FD form. The money can be deposited via Net Banking, and the Fixed Deposit Acknowledgement can be received online.
A fixed deposit Receipt will be mailed to your registered address. You can also check your maturity amount by a Bajaj Finance FD calculator and plan your investment according to it.
Steps for Booking FDs online
Step 1: Enter your mobile number, date of birth, and verify your OTP
Step 2: Enter nominee details if you are already a customer. Provide your PAN or Aadhaar or upload your documents if you are a new customer
Step 3: Enter the deposit amount, interest payout type and tenor, as well as the bank account information.
Step 4: Make your payment via UPI or Net Banking. You can only use the Net banking option for investments above Rs. 1,00,000. After you make your payment, the deposit will be booked and you will receive a confirmation email and SMS within 15 minutes.
Is online Investing in FDs Safe?
A fixed deposit account can be opened and maintained online securely and easily, allowing investors to invest and grow their savings. The easy-to-use interface of banks and non-banking financial companies (NBFCs) like Bajaj Finserv allows customers to check the status of their FD from the comforts of their homes at their convenience.
A few Reasons Why online FDs are Safe
- When investing in fixed deposit investment scheme online, investors have the option of selecting the tenor and plan for the FD.
- Internet banking can be used to make the payment by credit card, debit card, ATM, or virtual assistant. It is linked to the customer’s bank account so that he or she receives a notification about the payment when the amount of the deposit has been debited.
- You can also save on taxes if you invest your money in a fixed tenor in a fixed deposit investment scheme. Investors may choose a plan that helps them save money and tax at the same time.
- The returns from FDs are not as high as gold or equities, but they are safer since they are not subject to market fluctuations. FDs are guaranteed to earn a fixed return once invested.
Take Advantage of Bajaj Finance Fixed Deposit Investment Scheme to Maximize Your Returns
The importance of finding the right financial institution for best fixed deposit investment scheme cannot be overstated. The Bajaj Finance Fixed Deposit Scheme is a great option for those looking for a balance between safety and returns.
You can maximize your Bajaj Finance Fixed Deposit returns by following these steps:
Make your tenor longer – A Fixed Deposit is a good investment if you plan to hold onto it for a long time. With a tenor of 36 months or longer, Bajaj Finance offers the highest FD interest rates. By investing for 36 months or more, you can earn interest rates as high as 7.25%. Further, the benefit of compounding makes a longer-term more appealing due to higher returns.
Benefits of additional rates – Investing online with Bajaj Finance fixed deposit scheme offers a 0.10 percent rate benefit to those less than 60 years of age. Investing in your home means you receive a rate benefit as well as the comfort of your home. Senior citizens are also eligible for a 0.25 percent rate increase on their deposits, which helps them get higher returns.
Choosing maturity payouts – It is best to choose payouts at maturity with Bajaj Finance if you wish to grow your corpus. With a Cumulative Fixed Deposit from Bajaj Finance, you earn high rates of interest, which are paid out at maturity. Due to the compounding effect, a higher payout frequency lowers your deposit returns.
Re-invest your maturity amount with Bajaj Finance – You can earn 0.10% extra interest if you auto-renew your Bajaj Finance FD deposits.
Plan your Investment before investing: With Bajaj Finance Fixed Deposit calculator, it is now easy to plan your investment before investing a principal amount.
In addition to enabling you to invest conveniently, Bajaj Finance fixed deposit investment scheme offers the highest level of security for your deposits. It has been rated highest by the ICRA and CRISIL, which ensures the safety of your principal.
