Bajaj finance ltd., Non-banking financial company company

The International Monetary Fund projected a global growth of -4.9 per cent for this year, which is 1.9 percentage points lower than April 2020 forecast.In this backdrop, being cautious with money is a prerequisite, and investors need to save a portion of their monthly income. Fortunately, despite rate cuts in recent times, Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv, offers one of the best interest rates of up to 7.35 per cent on their Fixed Deposit.Both new and existing customers looking to grow their savings can get high FD rates of up to 7.10 per cent, with additional interest rate benefit of 0.10 per cent on investing through Bajaj Finance online FD. This deposit works best for senior citizens who get a 0.25 per cent rate boost with FD interest rates of up to 7.35 per cent.By picking the right tenor with the FD interest rate calculator, households can plan for their financial goals. To understand how this FD yields one of the best returns, here's a table with earnings forecasted for different customer types, investing Rs 5,00,000 in a Bajaj Finance Fixed Deposit for five years.From the above table, it can be deduced that customers below 60 years of age, who choose to invest online can not only reap the convenience of an end-to-end online FD process but also get higher FD interest rates. In the above example, the same customer can earn Rs 16,477 more for the same investment amount and tenure, by investing online.In addition to lucrative returns, Bajaj Finance promises investment safety as it has stability ratings of FAAA by CRISIL and MAAA by ICRA, which are the highest in their respective categories. As the only NBFC with '0 unclaimed deposits' in India, this company ensures timely payments and default-free experience for customers.Additionally, the convenient Bajaj Finance online FD facility is an end-to-end paperless journey that enables customers to invest from the comfort of their homes.Keeping these benefits in mind, lock into a Bajaj Finance Fixed Deposit and watch savings grow. Moreover, this investment gives access to liquidity via premature withdrawals and also allows one to avail of an easy online loan against a fixed deposit. This makes it one of the best options to park contingency funds, which can be used over time to fund emergencies.This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)( With inputs from ANI )

Bajaj Finance Ltd.FOLLOW

Bajaj finance ltd., Latest News

As bank Fixed Deposit rates hover around the 4-6 per cent mark, people are switching to corporate FDs to earn higher returns. While these FDs promise attractive returns, there is always a question of safety of deposits. ...

As a medical practitioner, running one's own practice requires a lot of investment ranging from upgrading to the latest medical equipment and technology, paying staff, medical supplies, expansion of business or renovation work and other daily expense ...

According to a report by the Economic Times - "The MSME sector is and regarded as the backbone of the Indian economy. It churns out over 6000 products which are highly sought after across the global marketplaces and employs 40 per cent of the country ...

Recent times have witnessed a massive demand for doctors. According to a study by the Economic Times - "India has a shortage of an estimated 600,000 doctors". This again calls for more applicants applying for MBBS or even MD. ...

A demographic shift towards new-age technology in India has steered the focus towards a new mate of stockbroking, known as discount broking. ...

Most home buyers will agree that getting a home loan is a tedious task. ...

Bajaj Housing Finance Limited (BHFL), wholly owned subsidiary of Bajaj Finance Limited recently launched E-Home Loan for customers. ...

The International Monetary Fund projected a global growth of -4.9 per cent for this year, which is 1.9 percentage points lower than April 2020 forecast. ...