With an end-to-end online process, start investing in fixed deposit Bajaj Finance


Pune, Maharashtra, India (NewsView) The return on investment of market-linked instruments can vary, especially when external forces continually interfere with national indices. However, investors can predict their income with certainty with a fixed income product, such as Bajaj Finance Fixed Deposit. Even a handy online FD calculator is available from Bajaj Finance to help investors plan their long-term goals. It’s free, easy to use, produces results immediately, and can be accessed online using a web browser. Here are some of the features of Bajaj Finance fixed deposit. Get FD Statements Instantly Accessing the online FD calculator is the first step in calculating your FD statements. Then choose a customer under 60 or Senior Citizen. After that, enter the investment amount and duration (or use the slider). Upon entering this information, the calculator retrieves the appropriate FD rate, displays the interest received, and calculates the amount at maturity. Earn up to 7.75% Annual Interest on FDs Using the FD Calculator, investors will quickly see that clients under 60 can earn interest rates of up to 7.50% per year. year. On the other hand, the elderly benefit from an increase of 0.25% per year in the DF. rate, resulting in a net FD rate of up to 7.75% per annum. Here is an example of the results of the FD calculator, assuming only dividends at maturity. For Investors Under 60: Duration of Investment Interest Rate Interest Yield Amount at Maturity 24 months 6.95% Rs. 43,149 Rupees. 3,43,149 33 months 7.15% Rs. 62,744 Rupees. 3,62,744 44 months 7.50% Rs. 91,098 rupees. 3,91,098 60 months 7.40% Rs. 1,28,689 rupees. 4,28,689 For seniors: Duration of investment Interest rate Interest yield Amount at maturity 24 months 7.20% Rs. 44,755 Rupees. 3,44,755 33 months 7.40% Rs. 65,076 rupees. 3,65,076 44 months 7.75% Rs. 94,443 rupees. 3,94,443 60 months 7.65% Rs. 1,33,702 rupees. 4,33,702 Disclaimer: The above values ​​presented in the two tables are indicative and calculated using an FD calculator. Flexible interest payment frequency Investors can choose to receive regular interest payments, although it is more lucrative to receive only the full amount of interest earned at maturity. Depending on the client’s wishes, Bajaj Finance offers adjustable interest distributions every month, quarter, semester or year, or the choice to recover the entire proceeds at maturity. The FD rate varies depending on the frequency they choose. Lower FD rates are associated with higher frequencies and vice versa. By allowing investors to choose their preferred interest payment frequency from a drop-down menu on the FD calculator, Bajaj Finance takes the guesswork out of these calculations. There’s no need to choose a different payment method each time you want to compare values, which simplifies planning. To examine such a table, investors can click on “compare interest rates”. Change your tone to reflect future goals Investors can choose from a customizable term of 12 to 60 months with Bajaj Finance. Investors can type in the desired number in the ‘duration’ section or use the slider to quickly review their returns over different durations. For the maximum FD rate, it is recommended to choose a duration of at least 36 months. A Bajaj Finance FD has another advantage: investors don’t have to worry about missed interest and principal payments. Payments are made according to the frequency and duration of payment chosen. The FAAA ratings of CRISIL and the MAAA ratings of ICRA appear on this fixed deposit. These are the best in their respective categories and indicate a flawless investment experience. Using a Systematic Deposit Plan, Increase Your Investment Investors can start a Systematic Deposit Plan (SDP) to earn money while saving it. Investors can make modest monthly deposits of Rs. 5,000 or more, each of which will go toward a new FD. You can opt for: • Single Maturity Scheme: a lump sum payment is made on a fixed date.

• Monthly Maturity Scheme: Each FD will mature according to a pre-determined and consistent duration. With the help of a handy SDP calculator provided by Bajaj Finance, investors can quickly determine their “monthly payment” under a monthly installment program. Enter the number of deposits, duration and monthly deposit amount. Planning an FD investment is simply due to the strength, simplicity and speed of the FD Calculator. Plus, it only takes investors a few minutes to go from calculating their returns to beginning to receiving interest. Invest online in a few simple steps to earn at the highest FD rate! About Bajaj Finance Limited Bajaj Finance Limited, the lending arm of Bajaj Finserv Limited, is one of the most diversified NBFCs in the Indian market, serving over 50 million customers. Based in Pune, the company’s product offering includes Sustainable Consumer Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loans Against Property, Small Business Loans, Wallets , co-branded credit cards, two- and three-wheeler loans, business loans. /SME lending, securities lending and rural finance which includes gold lending and vehicle refinancing loans as well as time deposits. Bajaj Finance Limited has the highest national credit rating of AAA/Stable for long-term borrowings, A1+ for short-term borrowings and FAAA/Stable & MAAA (Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term issuer rating of B by S&P Global Ratings.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)


Comments are closed.