Bajaj Finserv Logo
Bajaj Finserv Logo

Earn high returns on Bajaj Finance Fixed Deposit in a Low Repo Rate Regime

ANI | Updated: Jun 06, 2019 19:20 IST

Pune (Maharashtra) [India] June 6(ANI/BusinessWire India): In yet another surprise move, the RBI has cut repo rate by 25 basis points to 5.75 per cent from 6 per cent.
This announcement made today, as a part of the monetary policy meeting, will be put to action with immediate effect. This is the third time in a row that the RBI has altered the repo rate this year. In justification, the Monetary Policy Committee has mentioned that the growth impulses within the economy have deteriorated prominently over the past months. With this move, the RBI looks to strengthen India's GDP. The committee has also unanimously voted to observe the 'accommodating' status unlike the 'neutral' status that it held until now.
Just after the announcement was made, volatility hit the market. For those looking to make some smart investment choices in this volatile market, Bajaj Finance Fixed Deposit is the most preferred investment option. Since it is not linked to the market, it offers assured returns and leaves nothing to chance. Here's why investors must consider investing in a Bajaj Finance Fixed Deposit.
Guaranteed returns
Investing in a Bajaj Finance Fixed Deposit is safe as it has ICRA's MAAA and CRISIL's FAAA rating. These are the highest credibility ratings, which imply that your investment amount is never at risk. Bajaj Finance FD offers an interest rate of up to 8.60 per cent for new customers, and 8.85 per cent for existing customers and employees. Those looking to renew their FD can benefit from an additional 0.10 per cent interest on their existing interest rate.
Flexible tenor
Bajaj Finance Fixed Deposit enables investors to choose a timeline for their investment, depending on their goals. Regular investors can choose a tenor of 12 to 60 months or simply park your money in a special tenor FD to benefit from higher interest rates.
On the other hand, senior citizens can benefit from an interest rate of up to 8.95 per cent on an FD taken for at least 3 years with payouts at maturity. They can also select the option to receive periodic payouts, and consider choosing the frequency of these payouts.
Hassle-free investment process
Right from planning your investment to executing it, Bajaj Finance ensures accessibility and ease. Investors can use the FD calculator to plan their investments, and choose the investment amount, tenor, and payout frequency, as per their convenience.
To invest in a Bajaj Finance FD, investors need can fill in an online form and wait for the representative to get back, and assist them with the investment process. For those looking to invest smaller amounts, Bajaj Finance FD enables them to start investing with just Rs. 25,000.
For those looking to grow their savings, it is prudent to invest a portion of your corpus in Bajaj Finance Fixed Deposit right now. This is because apart from the repo rate cuts, the Union Budget 2019 is all set to be formalised on 5th July, 2019. The budget results can signal a more economic volatility and can re-alter several interest rate structures. So, lock in the high interest rate offering right now to seize your opportunity and stay on firm ground with your investment even if volatility strikes.
This content is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

iocl