Pune : For all risk-averse investors out there, seeking a safe avenue for investing their hard-earned money, fixed deposits rank right at the top of their investment portfolio.
Fixed deposits, also known as term deposits, offer higher rate of returns as compared to other risk-free investment avenues, such as savings account or government bonds. They are completely safe from market risks and offer a stable rate of return assuring the investor of a fixed rate of interest at the end of the tenor or at regular intervals.
Bajaj Finance Fixed Deposits enjoy immense popularity amongst all investors for their excellent benefits.
Bajaj Finance Ltd, the lending arm of Bajaj Finserv, offers fixed deposits at an interest rate of 8.40 percent and going up to 8.75 percent. Senior citizens are eligible for additional benefits on interest rates. Investors can start investing from Rs. 25,000/- onwards and choose tenor ranging from 12 months to 60 months.
Bajaj Finance Fixed Deposits are rated high on safety and stability with ICRA's MAAA (stable) rating and CRISIL's FAAA/Stable rating, assuring timely payments of interest and principal.