Pooja Sharma
Fixed deposits (FDs) are one of the most popular investment options in India. They are considered safe, risk-free and offer stable returns. Bajaj Finance, one of the leading NBFCs in the country, offers FDs with attractive interest rates and flexible tenures. With the rise of digital platforms, Bajaj Finance allows investors to invest and manage their FDs through their app and website.
In this article, we will highlight how investors can invest in Bajaj Finance FDs through the app and website, the benefits and features of the platform and how investors can use the best FD calculator to maximize their returns.
What is Fixed Deposit?
Fixed Deposit (FD) is a popular investment option offered by banks and financial institutions. It involves depositing a specific amount of money for a predetermined period, typically ranging from a few months to several years, at a fixed interest rate. FDs offer higher interest rates compared to regular savings accounts and provide a guaranteed return upon maturity. They are considered low-risk investments as the interest rate remains fixed throughout the tenure, making FDs ideal for individuals looking to grow their savings steadily while preserving capital. FDs also offer flexibility in terms of tenure and interest payout options.
Investing in Bajaj Finance FDs via App and Website
Bajaj Finance has made investing in FDs extremely convenient through their digital platform. Investors can easily open an FD account, view their account details, track their investments and even renew their FDs through the app and website.
To invest in Bajaj Finance FDs through the app, investors need to download the Bajaj Finserv app from the App Store or Google Play Store. Once downloaded, they need to complete a few simple steps and submit their KYC details to open an FD account.
Investors can also invest in FDs through the website. They need to navigate to the ‘Fixed Deposit’ section on the website, select the tenure, enter the amount and submit their KYC details to open an FD account.
Here is the step-by-step process:
Visit the Bajaj Finserv app or website
- Navigate to the ‘Investments’ section and click on ‘Fixed Deposit’
- Click on ‘Open FD’ at the top of the page to open the online application form
- Enter your 10-digit mobile number and verify the OTP sent to your phone
- Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN and date of birth
- Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar Card
- A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay
- Complete your investment using Net Banking/ UPI or NEFT/ RTGS
Benefits of Investing in Bajaj Finance FDs via Bajaj Finserv App and Website
Here are some benefits of investing in Bajaj Finance FDs through Bajaj Finserv app and website:
1. Convenience: The app and website offer investors the convenience to invest and manage their FDs from the comfort of their homes. Investors no longer need to visit a branch or fill out long forms to invest in FDs.
2. Easy Account Management: The app and website offer a simple and easy-to-use interface that allows investors to view their account details, check interest rates, renew their FDs and even withdraw their investments.
3. Faster Processing: Investing in FDs through the app and website is faster than traditional methods. Investors can open an FD account and start investing within a few clicks of a button.
4. Secure and Safe: Bajaj Finserv app and website are secured with advanced encryption and security measures, ensuring that investors’ personal and financial information is safe and secure.
Best FD Calculator
One of the most important aspects of investing in FDs is to maximize returns. Investors need to find the best FD rates for their investments, and that is where an FD calculator comes into play.
Bajaj Finance offers an FD calculator on their website and app that allows investors to calculate their returns on investments. The calculator takes into account the principal amount, tenure and interest rate to provide investors with an accurate calculation of their returns.
Investors can use the best FD calculator to compare interest rates offered by different banks and NBFCs and choose the investment option that provides them with the highest returns.
Best FD Rates
With rates reaching up to 8.85% p.a., Bajaj Finance Fixed Deposit stand out as a lucrative choice. These rates significantly surpass returns offered by traditional savings accounts, making them an excellent option for growing your savings. The rates are higher than those offered by most banks and NBFCs and offer investors the opportunity to earn higher returns on their investments.
Investors can invest in FDs for a minimum tenure of 12 months to a maximum tenure of 60 months. The interest rates increase with the tenure, providing investors with an opportunity to earn higher returns on long-term investments.
Investing in FDs through the Bajaj Finserv app is one of the most convenient ways to manage your investments. The app offers a range of features that allow investors to invest, manage and track their FDs easily.
To encourage investors to download the app, Bajaj Finance provides subtle nudges on their website and through their customer communication. These nudges remind investors to download the app and explore the different features that it has to offer.
Conclusion
Investing in Bajaj Finance FDs through their app and website is a convenient and hassle-free way to invest in fixed deposits. The digital platform offers a range of features that make investing, managing and tracking investments easier.
Investors can maximize their returns by using the best FD calculator and choosing the investment option that offers the best FD rates. With subtle nudges to download the app, Bajaj Finance encourages investors to explore their digital platform and make the most of their investments.
Emma Smith
