A majority of investors are in a fix for the past few months. The equity markets are facing a deep crisis in the wake of the current crisis. Even the FD interest rates 2020 on bank FDs, post office saving schemes and other fixed-income instruments are on a downward slope. Nevertheless, the company FD such as that offered by Bajaj Finance remains an attractive investment avenue as it meets the three most important criteria for any investor – safety, liquidity and high returns.
The safety of your money in Bajaj Finance FD is guaranteed because it has the highest stability ratings with ICRA and CRISIL. Bajaj Finance is also the only Indian NBFC that has been accredited with an international rating of ‘BBB’ by S&P Global.
Bajaj Finance offers interest rate up to 7.35%, which is among the best across all banks and company FD list. You can use an FD calculator to compare the returns before you make the investment and ensure that your money will grow as per your financial goals. Let’s take an example where you want to invest Rs. 1 lakh for 5 years in an FD. You are debating whether you should opt for a bank or company FD. Well, this comparison table should give you a crystal-clear idea.
| Bank FD (industry average) | Bajaj Finance FD | |
| Investment Amount | Rs. 1,00,000 | Rs. 1,00,000 |
| Tenor | 5 years | 5 years |
| Type of FD | Cumulative | Cumulative |
| Highest Interest Rate | 5.85% | 7.35% |
| Interest Payout | Rs. 33,694 | Rs. 42,564 |
| Maturity Amount | Rs. 1,33,694 | Rs. 1,42,564 |
Bajaj Finance FD not only offers high fixed deposit rates but also several other value-added benefits to maximize your returns.
- Online FD with Additional Interest Rate
If you are unwilling to visit the nearest branch of Bajaj Finance, you can easily open an online FD on its website. All it takes is a few simple steps to complete the process. All formalities are paperless and you can do them on own. Moreover, Bajaj Finance’s online FD fetches an extra 0.10% interest rate over and above the base rate. This is another way to earn attractive FD interest rates 2020.
- Multi-Deposit Facility
There are times when you need emergency cash and you have to withdraw your FD prematurely. You have to bear the loss of interest on the entire amount. However, the multi-deposit facility offered by Bajaj Finance saves from this trouble. It follows an investment technique called laddering through which you can create multiple FDs in smaller amounts with different maturity periods and tenor. When you face a liquidity crunch, you can break one FD and let the other FDs earn interest. This will give you ample liquidity while keeping your interest income constant.
- Periodic Interest Payouts
Bajaj Finance FD offers you the flexibility to choose the frequency of periodic interest payouts as monthly, quarterly, half-yearly or yearly as per your convenience. You can choose the non-cumulative FD option to receive periodic returns whereas the cumulative FD option will help you fetch a higher maturity amount with the compounding of interest.
Senior citizens can look for various combinations of payout and lump sum to meet their monthly expenses as well as save a lump sum for future needs. They can avail loan against FD for immediate medical emergencies and leave the interest earning capability intact.
- Loan Against FD
If you need a sizeable chunk of loan for some reason, you have to follow a time-consuming process for bank loans. It could take days or weeks. However, Bajaj Finance can take this worry off your shoulder by allowing you to take up to 75% of loan against its FD. You can avail this loan online after the initial lock-in period of three months.