Sunday, July 12, 2020

Invest Now in Bajaj Finance Fixed Deposits to Protect Savings
  SocialTwist Tell-a-Friend  

Date: 30-05-2020 12:30PM
Source: Bajaj Finance Ltd.
Category: General, Consumer Interest, Economy, Internet, Banking & Financial Services, Insurance
Location: Pune, Maharashtra, India

Business Wire India
Families today face a rare dilemma: on one hand, the past few months have led to discretionary spending and surplus cash in hand. Conversely, the economy is struggling, which translates to a decline in the average risk appetite when it comes to investments.

Households with short-term liquidity needs may risk having their fingers burnt when handling stocks. In such a scenario, judicious asset allocation is of prime importance and recent statistics show a huge uptick in fixed deposit investments, with guaranteed returns being prized over higher growth of capital.

In this situation, Fixed Deposit has definitely become more popular, and families have now turned to these simple investment tools to protect their savings.

Assured returns with Fixed Deposit
In the past few months, the RBI has reduced repo rates several times, in order to promote higher liquidity. However, excess liquidity in the economy exerts downward pressure on deposit rates, thereby leading to reduced FD interest rates.

Amid falling FD rates, instruments like Bajaj Finance Fixed Deposit offer generous returns on maturity. In fact, regular citizens can get returns up to 7.60%, which goes up to 7.70% for existing BFL customers and up to 7.85% for senior citizens.

These fixed deposit interest rates vary for customer types, and the tenures chosen by them. To demonstrate this better, here’s a table with earnings forecasted for different tenures, if a customer deposits Rs. 20,00,000 in a Bajaj Finance Fixed Deposit.

Returns for tenure of 24 months
Customer type Initial deposit Tenure Interest rate Maturity proceeds
New Customers Rs. 20,00,000 24 months 7.45% Rs. 23,09,101
Existing BFL Customers Rs. 20,00,000 24 months 7.55% Rs.23,13,400
Senior Citizen Rs. 20,00,000 24 months 7.70% Rs. 23,19,858

Returns for tenure of 36 months
Customer type Initial deposit Tenure Interest rate Maturity proceeds
New Customers Rs. 20,00,000 36 months 7.50% Rs. 24,84,594
Existing BFL Customers Rs. 20,00,000 36 months 7.60% Rs. 24,91,534
Senior Citizen Rs. 20,00,000 36 months 7.75% Rs. 25,01,968

Returns for tenure of 60 months
Customer type Initial deposit Tenure Interest rate Maturity proceeds
New Customers Rs. 20,00,000 60 months 7.60% Rs. 28,84,638
Existing BFL Customers Rs. 20,00,000 60 months 7.70% Rs. 28,98,068
Senior Citizen Rs. 20,00,000 60 months 7.85% Rs. 29,18,305

By picking the right tenure with the FD calculator households can plan for their goals. FD interest rates with Bajaj Finance peak for tenures of 48 months or more and favour senior citizens. With a reduction in interest rates for savings schemes, senior citizens are one of the worst-hit, as they depend on periodic earnings to fund their regular needs. However, with Bajaj Finance FD, they can earn lucrative returns and continue to reap the benefits of periodic income.

With citizens withdrawing savings accounts due to low-interest rates, Bajaj Finance FD is one of the better-yielding avenues. Moreover, with the reduction of the TDS rate from 10% to 7.5% for resident Indians who have submitted their PAN details, Bajaj Finance FD can help increase earnings easily.

Convenience and safety of deposit
Even as depositors were rocked by a couple of recent bank crises, Bajaj Finance promises investment safety, courtesy of an environment deemed stable by high safety ratings of FAAA by CRISIL and MAAA by ICRA. These are the highest in their respective category and point to timely interest and principal payouts at the end of the tenure, which can be anything between 12 and 60 months.

Amid the uncertainty, families can prime their FD investments to avoid risk and put idle funds to good use. To get started, customers can book a Bajaj Finance Online FD today, before interest rates fall.
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 40 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Lifecare 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. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.

To know more, please visit:

More Press Releases

Dubshoot Gets Close to the Milestone of 1 Million Downloads With the Ban on TikTok

Pro Healthywayz - Taking a Lead in the Indian Nutraceuticals Market

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Bentley Systems’ Acceleration Fund Announces the Launch of Virtuosity, a Bentley Company

Taulia Secures Strategic Investments from Ping An, J.P. Morgan and Prosperity7 Ventures

Eaton Names Scott Adams President of eMobility Segment

Immersive Labs Adds Tenable Co-Founder and Security Industry Veteran Jack Huffard to its Board of Directors as Demand for Improving and Measuring Cyber Talent Grows

rf IDEAS and Ricoh Simplify Secure Access to Multifunction Printers

New Evidence Shows Morinaga Milk’s Probiotic Bifidobacterium breve A1 Improves Memory of Older Adults With Cognitive Dysfunction

Perceived burden of disease is greater in younger people living with COPD, global survey reveals

Laboratory Studies Confirm BETADINE® Antiseptic Products’ Effectiveness Against COVID-19 Virus

Brightcove Video Technology Boosts Internal and External Communications for Afcons, India’s Leading Infrastructure Company

BIA Separations Signs Two New Distribution Agreements Extending Coverage in Asia Pacific

New AMR Action Fund steps in to save collapsing antibiotic pipeline with pharmaceutical industry investment of US$1 billion

Collabera Welcomes Karthik Krishnamurthy as New CEO

Wipro Limited to Announce Results for the First Quarter Ended June 30, 2020 on July 14, 2020

The Leela Palaces, Hotels and Resorts Voted as the World’s Best Hotel Brand by Travel + Leisure, USA, Readers’ Award Survey 2020

STT GDC India Wins Colocation Service Provider of the Year at the 2020 Frost & Sullivan India ICT Best Practices Awards for the Third Year Running

IIM Calcutta Embraces Digital for Its Next Term

Myntra Partners With Movado Group to Launch MVMT Watches in India

ARHC Scheme Under PMAY to Empower Urban Poor and Migrant Labour With Affordable Rental Housing: Dr. Niranjan Hiranandani

Free Crash Course for JEE and NEET 2020 by IIT and AIIMS Top Rankers

The Gera Pune Residential Realty Report July 2020 Highlights Home Affordability at a 9-Year High

Corona Launches “Rediscover Paradise” Travel Platform to Inspire the World to Return Outside and Explore Revived Nature With Care

2020’s Innovative Rakhi Trends by Oye Happy

International WELL Building Institute Opens Enrollment for WELL Health-Safety Rating In Response to COVID-19 With Significant Early Adoption

Esri President Jack Dangermond Addresses UN High Level Political Forum

Brunei Shell Marketing (BSM) Selects P97’s PetroZone® to Enable the Shell Motorist App at 36 Sites Across Brunei

RSA Conference 2020 APJ Virtual Learning Event – 10 Session Tracks to Look Forward to

Celebrity Stylist Tara Swennen and Glamhive Founder Stephanie Sprangers Once Again Bring Together Some of the Biggest Names from Around the World in Style, Fashion, Beauty and Women’s Empowerment for Groundbreaking Digital Event

With highest single-day spike of 28,637 ...
Rahul takes on Modi over Chinese firms' ...
Monsoon session of Parliament likely in ...
Fire breaks out at Delhi's Nizamuddin ra...
595 more COVID-19 cases in Odisha...
Japanese firm Tsuzuki to set up manufact...
 Top Stories
Dalai Lama is welcome to visit Taiw... 
COVID-19: Number of students, teach... 
Kanpur encounter: SO Kaushalendra P... 
West Bengal: Saumitra Khan accuses ... 
Recent spike in COVID-19 cases dete... 
Delhi, adjoining states likely to r... 
Afghan government to build civilian... 
Rahane recalls Rahul Dravid's advic...