As bank Fixed Deposit rates hover around the 4-6% 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.

Hence, when choosing to invest in Fixed Deposit, it is best to choose AAA-rated deposits accredited with the highest safety. Fixed Deposit offered by Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv is one such high-rated deposit that offers a great balance of high safety and attractive FD interest rates of up to at 7.35%. This company is also one of the only NBFCs with '0 unclaimed deposits', which indicates timely payments and a default-free experience for customers.

Bajaj Finance offers attractive interest rates of up to 7.10% for customers who are below 60 years of age. These customers can also reap an additional rate benefit of 0.10% over and above the existing rates, on investing online. Senior citizens can enjoy attractive FD interest rates of up to 7.35%, regardless of the mode of investment.

Read along to know why one must consider investing in a Bajaj Finance Fixed Deposit:

Online Application Process - Unlike traditional methods, Bajaj Finance understands customer's pain of having to visit a branch in person, going through heaps of paperwork and waiting in long queues. To avoid such hassles, now investors can invest in a Bajaj Finance online FD through an easy online process. For customers below 60 years of age, there is an additional rate benefit of 0.10% on investing online. Thus, customers can look for a smooth end-to-end online paperless investment process that enables them to invest within a few minutes, from the comfort of their homes.

Flexible Tenures - Other than attractive interest rates Bajaj Finance also offers flexible tenures where an investor can choose between 12 and 60 months according to their preference. Not only this, but it also offers the flexibility to choose the frequency of interest payouts, which can be received on a monthly, quarterly, half-yearly or annual basis.

Fixed Deposit Calculator - Often investors are reluctant to invest their savings in an investment tool like FD where they can get the benefit only after a fixed tenure. To help the investors determine their maturity amount, interest payouts and maturity date before they invest, Bajaj Finance also provides an FD interest calculator. This will help investors plan better and address all their doubts about this investment option.

Online Loan against Fixed Deposit - In case of any financial crisis, customers usually run to banks for loans or they even mortgage their assets and again that involves a bunch of formalities to be eligible for a financial loan. However, Bajaj Finance realizes that most emergencies warrant immediate access to cash. This is why investors can choose to withdraw prematurely from their deposit post the lock-in period of 3 months. However, for those looking to gain instant financing without having to liquidate their savings, there is an option to take a Loan against FD, which offers customers the option to withdraw up to 75% of their cumulative FD, and 60% of their non-cumulative FD.

Systematic Deposit Plan - Bajaj Finance Limited is now offering Systematic Deposit Plan (SDP), a savings option that enables the customer to invest in small monthly deposits, in a disciplined manner. However, the Single Maturity Scheme variant under the SDP enables investors to receive maturity benefits of the plan on a single day, for the investment corpus built over time. Here, investors can start building their corpus with deposits starting at Rs. 5,000 per month. They can also choose to get their returns on a monthly basis with Monthly Maturity Scheme variant. However, each deposit under SDP is treated as a separate Fixed Deposit.

Hence, investing in a Bajaj Finance FD during these times is one of the smartest choices. Invest online to lock into these prevailing high FD rates from the comfort of home and secure a future with stable savings.

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.

To know more, please visit: www.bajajfinserv.in.