Get higher FD interest rates with special tenures by Bajaj Finance

Opening a fixed deposit (FD) account has many upsides to it, especially in the current economic climate. With the RBI steadily increasing the repo rate, fixed deposit issuers have responded by increasing their rates too. In fact, issuers are now offering some of the highest FD interest rates as compared to last year, and you should consider investing.

With proper planning and an adequate corpus, you stand to earn significantly right now, so long as you invest wisely. This means balancing your portfolio smartly and picking the right instrument. Here, the Bajaj Finance Fixed Deposit is one you should consider as you enjoy some of the higher FD interest rates in the market and get special tenure options.

This special feature helps you optimise your investment based on your financial objectives, and without having to compromise on returns. Best of all, it is an option that all investor profiles can opt for to get the maximum benefit from their investment. To know more about special tenure options offered by Bajaj Finance and how you can leverage them, read on.

Pick a special tenure and get the highest FD interest rates on offer

With Bajaj Finance higher FD interest rates and special tenure options, you can now invest in a more flexible manner and enjoy good returns on your investment. Do note that the special tenure options and rates vary based on the FD type you opt for, and if you want the highest FD interest rates, invest in a cumulative FD. This way, you enjoy the full benefit of interest compounding for any given investment window. For a clearer idea of the special tenure options on offer, and their associated interest rates, look at the following tables.For non-senior citizen investors:

For non-senior citizen investors (FD interest rates for deposits starting at Rs. 15,000 up to Rs. 5 Crore w.e.f November 22, 2022):

Disclaimer: The above-mentioned rates are subject to change as the discretion of the issuer.

For senior citizen investors (FD interest rates for deposits starting at Rs. 15,000 up to Rs. 5 Crore w.e.f November 22, 2022)::

Disclaimer: The above-mentioned rates are subject to change as the discretion of the issuer.

These are the highest FD interest rates on offer, across both investor profiles, and you should optimise your investment accordingly. Here, the FD calculator can come in handy, as it offers insight into the earnings you can expect before you open a fixed deposit account. The tool is available on the Bajaj Finance website, and it allows you to identify the best terms for you.

All you must do is enter the values into the FD calculator and get the result. You can do this as many times as needed, at no cost whatsoever and from the comfort of your home. So, use this tool to plan your investment and ensure that you pick a tenure that offers you the best returns.

Optimise your investments to maximise returns

While it is important to know the rates on offer, you should also know how to make them. Here, you have two options: invest the entire corpus or ladder it across various tenures and lock in the best FD interest rates. Both options can work for you, and you should use the FD calculator to find terms that align with your goals.

If you choose to invest your entire corpus in one go, here are the earnings you can expect for various tenure options. Consider an investment of Rs.10 lakh with the cumulative payout mode.

Non-senior citizen investor:

Senior citizen investor:

With a special tenure, the earnings are higher for both investor profiles, so plan before you open your FD account. Do note that the special tenure is particularly handy if you plan to ladder your investments. This is because you have more option tenure options to choose from and align with your goal. Moreover, you get a higher FD interest rate, and this translates to greater returns.

In general, when investing in an FD, your goal should be to stay invested for as long as possible. Doing so helps you make the most of interest compounding, and it can help you amass a significant corpus at maturity. However, if you need to invest for set timelines, choose the Bajaj Finance Fixed Deposit, and opt for special tenure.

This way, you don't miss out on returns and can earn generously at the highest FD interest rates all through the tenure. Bajaj Finance also makes investing simple, as you can do it online and from the comfort of your home. To invest online, simply fill out a form, enter your investment terms, and open your fixed deposit account within minutes.