Since it is the beginning of 2019, you are sure to have started making various financial moves that can better the rest of your year. Additionally, you are likely to be preparing for tax season by getting your accounts in order and looking at various investment options to claim tax deductions. While scanning potential instruments, consider a Bajaj Finance Fixed Deposit.
Apart from helping you claim a tax break up to Rs.1.5 lakh under Section 80C and interest income deductions up to a certain limit, it also allows you to earn high interest. Take a look at all you stand to gain when you invest in a Bajaj Finance FD in 2019.
Better returns owing to increased interest rates
As per the new Bajaj Finance FD interest rates, you can now earn up to 8.75% as interest on a cumulative fixed deposit of at least 36 months. This increases to 9.10% if you are a senior citizen and have a cumulative fixed deposit for at least 36 months. You can also invest in the 15-month special tenor scheme that offers anywhere from 8.05% to 8.40% as interest based on customer type, on a deposit of Rs.1,00,000. Moreover, renewing your FD comes with a reward of additional interest of 0.25%.
Added services and facilities for your convenience
With Bajaj Finance, investing and managing your finances is effortless. You can forget having to make time in your busy schedule to invest, or wait for a Monday to rush to the nearest branch just to check investment details or submit documents. Use the online account management facility to keep a close eye on every hard-earned penny.
Additionally, documentation is picked up from your doorstep when you make a request. This means you can start making smart financial choices from your couch and there’s no need to travel. If you are wondering how you can apply, you need not worry about tedious procedures. Just take a few minutes to apply online for a fixed deposit. Fill your name, phone number, email ID, city, and deposit amount while ticking the little checkbox below it before clicking on ‘Invest now’.
What’s more, the Bajaj Finance Fixed Deposit is rated with CRISIL’s FAAA/Stable rating and ICRA’s MAAA (stable) rating which means your money is as safe as can be and you can count on getting returns as per the timeline that’s been agreed upon. You can also use the nifty FD calculator to ascertain your maturity amount beforehand and plan your investment accordingly. With the new interest rates already fed into the system, the calculator is even more efficient at giving you accurate results for every permutation and combination of principal and tenor.
So, wait no more, instead of letting your savings sit idle, this new year turn a new leaf by growing your money with a Bajaj Finance FD.