FD interest rates in India vary depending on the tenure and senior citizens. Bajaj Finance Online FD is very beneficial, as it not only guarantees high returns but comes with many other benefits as well.
New Delhi. Fixed Deposit (FD) is the best option for safe investment today, as the money deposited in FD is not affected by volatile market trends. Not only this, it is also one of the most reliable option to invest your hard earned money and earn high returns on it. In India, banks, post offices and non-banking financial institutions are offering various fixed deposit options to the consumers. Bajaj Finance is one such NBFC, which offers the facility of FD. All these entities have their own advantages and features over FDs. By doing an in-depth analysis of all these FD features, consumers can understand the difference between them. If one wants to invest their money in a safe place for better returns in the long term, then it is very important for you to be aware of these differences.
Know why Bajaj Finance Online FD is a better investment destination
Here is an opportunity to earn more with higher interest rate. The rate of interest is paid based on the choice of the people. The interest rate on FDs in India is subject to RBI instructions. Reduction in the repo rate by RBI leads to immediate revision of interest rates by commercial banks. As a result, the return on maturity gets reduced. However, Bajaj Finance is an NBFC and is outside the direct control of the central bank. Therefore, the cut in policy rates does not have much impact on it. Hence Bajaj Finance Online FDs are more profitable than bank and post office FDs.
Rate of interest offered on FDs by various financial institutions
|financial institution||FD Interest Rate for Ordinary Citizens (%)||FD Interest Rate (%) for Senior Citizens||Period|
|Bajaj Finance||5.65-6.60||5.90-6.75||1 year to 5 years|
|post office||5.50-6.70||5.50-6.70||7 days to 5 years|
|Bank||5.30-6.50||5.80-6.50||7 days to 10 years|
FD interest rates in India vary depending on the tenure and senior citizens. Bajaj Finance Online FD is very beneficial, as it not only guarantees high returns but comes with many other benefits as well. Flexible payment options and loan against FD are also available on Bajaj Finance FDs. Post office and bank FDs do not have the facility of getting interest payment as per the choice of the investor.
By investing in a non-cumulative FD plan offered by Bajaj Finance, the consumer can choose to pay the interest as per his requirement. In this plan, the investor can choose to pay the interest monthly, quarterly, half yearly or annually. Bajaj Finance offers guarantee free loans against FDs to the investors. Against FD Bajaj Finance offers loans up to 75% of the FD value.
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