Pune: Fixed Deposits are a certain standard financial product offered by most of the banks and other financial organisations. Fixed deposits are also known as Term Deposits. They are comparably easy to operate which could give guaranteed returns and are not affected by market volatility. FDs are the most preferred mode of investment in the country since many years.
Considering the safety of investment and consistent returns, FD's are preferred especially by senior citizens to plan their retirement by creating a corpus of the desired amount. Bajaj Finserv through its lending and investment arm Bajaj Finance Ltd. offers higher returns coupled with distinctive features to senior citizen.
Bajaj Finserv FD's offer the highest rate of interest for senior citizens up to 8.2 percent per annum, which is the highest in the industry. This ensures guaranteed high returns and stable source of income for senior citizens.
When investors do not break your FD and decide to renew it for another term, Bajaj Finserv offers renewal benefits in the form of additional 0.10 percent of interest. Unless the need is urgent, it is beneficial to keep on renewing the FD for another term.
Senior citizens can start investing in Bajaj Finserv FD starting from as low as Rs. 25,000 and can choose to keep the sum invested from 12 months to 60 months. This offers much-needed flexibility to investors as they can plan their financial requirements in a better way.
Bajaj Finserv FD has received highest safety rating in the industry, ICRA's MAAA (Stable) and CRISIL's FAAA/Stable. This ensures that senior citizens will continue to receive a stable flow of income in the long run.
The amazing benefits offered by Bajaj Finserv FD's make them an attractive investment avenue for senior citizens looking for a risk-free investment option offering greater fund growth.