Why Is Bajaj Finserv Considered To Be A Safe Investment Option?
The pandemic has impacted the financial sector by multifold, raising doubts from the continuity of business to the overall financial outlook. Around 70% of the banking sector has been affected by a fall in repo rates and ‘liquidity injections’ being injected into the economy.
On a separate note, markets are high with volatility – a reason for investors to deviate and look for additional investment options, offering financial instruments, owing to Fixed Deposits.
Amidst a decline in Interest Rates, locking in higher Fixed Deposit Rates will be a wise choice to make. If you are planning to invest, Bajaj Finserv Fixed Deposit is an easy investment option to choose from because,
- Interest Rates provided by Bajaj Finserv: Up to 7.35%
- Environment is stable
- High returns
You can also invest from the comfort of your home with an online Bajaj Finserv Fixed Deposit without having to worry about any documentation/ in-person visits.
Benefits provided by Bajaj Finserv,
In order to check the credit ratings, do a check on the ratings given by the reputed rating agencies. The ratings carried forward by Bajaj Finserv is the ‘FAAA’ (F Triple-A) rating by CRISIL and ‘MAAA’ (stable) rating by the Formerly Investment Information and Credit Rating Agency of India Limited (ICRA) – thereby indicating safety and stability for your capital.
Note: Higher capital leads to safe investment, which will ensure returns on time, without any default.
Bajaj Finserv Fixed Deposit has won the trust of about 2, 35, 000 people, totalling the deposit amount to INR 20, 000 Crore. With this, you can also gain an additional interest of 0.10%, which will only imply if you invest in Bajaj Finserv online Fixed Deposit.
Benefit for Senior Citizens
As you age, the need for your safety increases. With Bajaj Finserv, you can yield affordable Rates of Interest, if you fall under the category of senior citizens. Providing an Interest Rate of up to 6.85%, Bajaj Finserv offers a duration of 3 years, with payouts at maturity.
Note: With regards to payouts, you can receive them on a monthly, quarterly, bi-annual or on an annual basis, as per your requirements.
By providing various modes of ease, Bajaj Finserv has won the trust of many customers, since nearly 90, 000 customers of Bajaj Finserv are Senior Citizens.
Investment process – not a worry
To know your interest rates beforehand, using the Fixed Deposit Interest Calculator, completing the application process and ensuring a hassle-free investment procedure is a promise that Bajaj Finserv assures the customer with. Another offer provided by Bajaj Finserv is the ‘Systematic Deposit Plan,’ that makes it easier for savers finding it difficult, to raise a higher capital.
You also have a bunch of options available for the usage of different Fixed Deposit Calculators,
- Financial Calculator India
- Bank FD Calculator – EMI, PPF, NPS, RD Tax Sukanya ++
- RD/ FD Calculator
- FD Deposit Calculator
- Bank Interest Calculator
*You can avail for these applications on the Play Store – Android users only*
By incorporating the plan, you can start saving with an amount of INR 5000/ month. You have various options to explore from – either opt to receive monthly interests with ‘Monthly Maturity Scheme’ or opt for single-day returns, in turn, helping you to compile a larger amount with minimal monthly contributions.
At Bajaj Finserv, claims on having zero unclaimed deposits have been assured by them. These schemes and guidelines raise a platform for higher safety and enable you to lock-in Fixed Deposit Rates of Interest.
Peerless connectivity throughout
A country like India, which is widespread and multi-diversified, reaching out to your Fixed Deposit account, is never a factor of worry. Bajaj Finserv offers its facilities across 200 cities in India. Through their customer portal, ‘Experia,’ your accounts are in safe hands.
Below mentioned, is a fair analysis of Bajaj Finserv versus other NBFCs and banking institutions,
|Deposit type||Investment amount||Rate of Interest|
|Traditional banking institutions||INR 50, 000||4.9%|
|Other NBFCs||INR 50, 000||6.00%|
|Bajaj Finance (offline)||INR 50, 000||7.10%|
|Bajaj Finance (online)||INR 50, 000||7.20%|
|Bajaj Finance (senior citizens)||INR 50, 000||7.35%|
With the tabular analysis above, an inference can be drawn based on the highest Fixed Deposit Interest Rates, provided by Bajaj Finserv can be derived.
Now Bajaj Finserv can assist it’s investors in their growth by about 44%, even amidst an economic recession, opting for an institution that sounds likeable and profitable should be your choice of a safe investment option.