Bajaj Finance Introduces New Digital Fixed Deposits Investment Option
Saving money in Fixed Deposits (FDs) has always been a popular choice for people in India who want to keep their money safe and get steady returns.
Though the main idea hasn’t changed, how we invest has gotten easier.
Bajaj Finance, a company known for helping its customers with their investments, has introduced a new kind of FD called “Digital Fixed Deposit.”
You can sign up for this FD through the Bajaj Finserv app or website by the 42nd of each month.
and up to 8.60% per year for those under 60, for 42 months. This is among the best rates available.
No Need to Visit a Branch: You don’t have to go to a bank branch anymore.
You can open and manage your FD online through the Bajaj Finserv app or website, which is quick and easy.
Flexible Investment Options: You can invest as little as Rs 15,000 for a period of 12 to 60 months, and choose how often you want to receive your interest payments.
Safety: Bajaj Finance prioritizes security and transparency, with top ratings from financial agencies like CRISIL and ICRA.
Comparison with a traditional post-office savings account
| Aspect | Bajaj Finance Digital FD | Post-Office Savings Account |
|---|---|---|
| Interest Rates (Annual) | Up to 8.85% | 4% |
| Maturity | 42 months | Unavailable |
| Minimum Deposit Amount | Rs 15,000 | Rs 500 |
| Maximum Deposit Amount | Rs 5 crore | No maximum limit |
How to invest in Bajaj Finance Fixed Deposit
1) Go to the Bajaj Finserv website or app.
2) Click on “Fixed Deposit” in the Investment section.
3) Select ‘Open FD’ and enter your mobile number.
4) Verify the OTP sent to your phone.
5) Provide your investment details and personal information
6) Complete your KYC process.
7) Agree to the terms and conditions and fill in your bank details
8) Complete the payment process using Net Banking/UPI or NEFT/RTGS.
In conclusion, Bajaj Finance Digital FD is a modern way to invest in FDs with great interest rates and flexibility. Whether you’re new to investing or experienced, it’s a smart choice for securing your financial future. Just remember to do your research before making any investment decisions
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