Bajaj Finance Fixed Deposit Diwali Bonus: Reasons to invest your Diwali bonus in a Bajaj Finance FD

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Bajaj Finance Fixed Deposit Diwali Bonus: Come Diwali, and you are all set to receive attractive Diwali bonuses or annual increments, which make all festivities brighter. You’re likely to find festive deals and attractive discounts everywhere you look, tempting you to bring home a range of appliances, clothing, furniture and much more. And while shopping and gifting are an essential part of the festivities, it is best to save a portion of your Diwali bonus for the future.

You can set aside a part of your bonus to build wealth by investing it in a safe instrument like a fixed deposit, where you get guaranteed returns. However, choosing the right FD issuer is imperative to maximise your benefits.

For those looking to grow their savings with guaranteed returns, Bajaj Finance Fixed Deposit is a great investment option. Read along to find out what makes it the best option to invest your Diwali bonus. 

Grow your bonus at a competitive rate of interest

When you start an FD with Bajaj Finance as a new customer for a tenor of at least 36 months, you can earn a rate of interest up to 8.35%, as long as you receive payouts at maturity. This interest rate goes up to 8.45% if you are an existing customer, and up to 8.70% if you are a senior citizen. Furthermore, you can get an additional 0.10% over and above the prevailing rate on FD renewal.

As you can start investing with just Rs. 25,000, you can invest your bonus even if it is not a large amount or if you have utilised most of your Diwali bonus to purchase goods. However, keep in mind that the higher your deposit amount, the greater your maturity proceeds. You can use the online FD calculator before investing to see exactly how much you stand to earn. To get an idea of the returns in store, see what you can earn as a senior citizen or new customer when you invest Rs.1 lakh, Rs.5 lakh or Rs.10 lakh for 5 years.

• Senior citizen:

• New customer:

You can tailor the FD to your goals by investing for a flexible tenor

With Bajaj Finance FDs, you can choose a flexible tenor of 12 to 60 months to invest your Diwali bonus. This allows you to align your FDs to your short and medium-term goals. Remember that the longer the tenor, the higher are your returns. When you opt for Bajaj Finance, the interest rate peaks when you invest for a tenor of 36 months or more. Further, thanks to the power of compounding, your returns increase in tandem with the length of the tenor.

To understand better, view how returns escalate when a new customer invests in a Bajaj Finance FD for different tenors.

You are guaranteed timely returns owing to high credibility ratings

Unlike mutual funds and stocks, market fluctuations do not affect FD returns. Also, Bajaj Finance has CRISIL and ICRA’s highest stability ratings, FAAA and MAAA, respectively. It is also the only Indian NBFC that has an international rating of ‘BBB-‘, by S&P Global. These ratings are indicative of timely interest payouts and a default-free investing experience. Bajaj Finance’s 2.5 lakh FD customers and a book size of over Rs.17,000+ crore are further proof of its credibility.

You get multiple payout options to tackle various needs

Bajaj Finance allows you to choose between regular payouts and payouts at maturity only. In case of the latter, your FD yields higher returns and you can opt for it when earmarking the investment for a specific, long-term goal. On the other hand, regular payouts give you liquidity at desired intervals and you can opt for this to manage recurring expenses seamlessly.

You can enjoy value-added features for all your urgent financial needs

In times of emergencies, you need not liquidate your FD as Bajaj Finance offers a Loan against FD of up to Rs.4 lakh at a competitive interest rate. You can thus avail a significant amount to address your needs without letting go of your investment. The NBFC also offers a multi-deposit facility that allows you to use a single cheque to open a several deposits, each having a different tenor, amount or payout frequency. Moreover, you can withdraw from one of them prematurely in case you face a financial crisis without having to break the other deposits.

These are some ways in which the Bajaj Finance FD helps you grow your Diwali bonus and create a safety net for your future. To start investing in a hassle-free manner, all you have to do is fill a simple online form and authorise a representative to contact you.  

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