Stability, an easy investment process, and flexibility in terms of withdrawal options are some of the essential benefits offered by fixed deposit plans. The thing that affects your returns is the FD interest rate. The FD rates have been quite low for some time now due to demonetization and other economic policies adopted by RBI. The option of earning a high interest is still available in the form of corporate FDs.
For example, you can latch onto the highest FD interest rate by investing a corpus in Bajaj Finance FD. The interest rates of up to 7.05% generate a maturity amount high enough to encourage you to reach your investment objectives. Here are some of the essential benefits of investing in Bajaj Finance FD:
Comparatively higher returns
As compared to other FD schemes, Bajaj Finance FD offers a high-interest rate across the tenor range. The below table shows the comparison between Bajaj Finance FD, post office FDs, and bank FDs on investing Rs. 30,00,000 for 3 years:
| FD plan | Deposit Amount | Interest Rate | Tenor | Interest gains | Maturity Amount |
| Bank FD | Rs. 30,00,000 | 5% | 3 years | Rs. 4,82,264 | Rs. 34,82,264 |
| Post Office FD | Rs. 30,00,000 | 5.5% | 3 years | Rs. 5,34,204 | Rs. 35,34,204 |
| Bajaj Finance FD | Rs. 30,00,000 | 7.05% | 3 years | Rs, 6,49,429 | Rs, 6,49,429 |
Bajaj Finance FD offers the highest FD returns in India. However, if you are falling short of the funds required to take care of your regular expenses, invest in Bajaj Finance non-cumulative FD. The monthly, quarterly, six-monthly, and yearly interest payout options provided by the non-cumulative FDs let you manage your fund requirements with ease. Let’s say you invest Rs. 40,00,000 in this FD scheme for 5 years. The FD will generate interest payouts as below:
| Interest payout options | Generated interest |
| Monthly | Rs. 21,833 |
| Quarterly | Rs. 65,900 |
| Six-monthly | Rs. 1,32,800 |
| Yearly | Rs. 2,70,000 |
FD loans
For managing your finances during an emergency, apply for a loan against FD. It is an option that allows you to procure a debt of up to 75% of your deposits. By utilizing this alternative, you can keep your deposits growing at a steady rate.
The option of premature withdrawals is also offered by Bajaj Finance FD, According to their withdrawal conditions, the deposits may be withdrawn early once a lock-in period of 3 months is furnished.
Multi-deposit facility
On investing in Bajaj Finance FD, you get the option of opening several fixed deposit accounts at once. Each of your FD accounts can have a separate amount and can be locked in for a separate tenor. Also, it is possible to invest in both FD types by utilizing this facility.
The minimum lock-in period can be of 12 months whereas you can also choose the maximum tenor of 60 months for each deposit. The deposit amount can be as low as Rs. 25,000. Also, you can invest from the online FD form to become eligible for a 0.10% higher interest rate. A higher FD rate of 0.25% is provided to those who are above 60 years of age.
However, if investing a bulk amount is not possible, invest in SDP. SDP or Systematic Deposit Plan offered by Bajaj Finance helps you to start depositing Rs. 5000 or in multiples of Rs. 5000 every month.
Every deposit is treated as a separate FD and the prevailing FD rates are applicable on each deposit. Choose the number of deposits between 6 and 48 as per your investment preferences. All the deposits can mature on the same date or you can prefer to withdraw them successively.
The former option is offered by the Single Maturity Scheme variant of SDP whereas the latter alternative is provided by the Monthly Maturity Scheme. Both SDP and Bajaj Finance FD have received high ratings for stability by CRISIL and ICRA.
