Want to Earn Up to 9.10% On FD (Fixed Deposit)? Here’s How!

With the rising crude oil prices, the falling rupee, an increase in key policy rates by RBI and the slight increase in savings account interest rates, fixed deposit rates are also increasing. This is good news for investors like you who are looking forward to earn lucrative returns from secured investments.

Fixed Deposit

New Delhi: With the rising crude oil prices, the falling rupee, an increase in key policy rates by RBI and the slight increase in savings account interest rates, fixed deposit rates are also increasing. This is good news for investors like you who are looking forward to earn lucrative returns from secured investments. To earn even higher returns, invest in an FD with NBFCs as they offer higher fixed deposit rates than banks. You can use FD rate calculator to compare issuers and choose the one offering the highest earnings. For instance, Bajaj Finance offers interest up to 8.75% on a Fixed Deposit that you start for at least 36 months with returns at maturity. If you are a senior citizen, you are offered higher returns as compared to regular customers. You can earn interest up to 9.10% on an FD with Bajaj Finance for a minimum of 36 months with earnings at the end of the tenor. Apart from higher interest on your FD investment, here is the list of other benefits that you can avail with Bajaj Finance.

• Start An FD With a Lower Minimum Deposit

You can start an FD with as low as Rs.25,000 to earn maximum returns. Whether you have just started a job or a business, you can start investing any time with this low deposit amount instead of waiting to build a huge corpus.

• Invest In a Safe And Credible FD

While investing in an FD, you need to be assured that your investments are secure and you will earn returns regularly. With Bajaj Finance, your investments are never at risk as it has high stability and credibility in the market, vouched for in the form of ICRA’s MAAA and CRISIL’s FAAA safety rating.

• Choose The Tenor As Per Your Needs

You can select the FD tenor between 12 months and 60 months as per your financial needs. In case you wish to use your FD amount for your child’s higher education invest for a short tenor. On the other hand, if you are investing for a secure retirement, start an FD for a longer tenor. Apart from this, you can also choose the frequency of interest payouts. You can choose to earn interest on monthly, quarterly, half-yearly or annual basis or when you wish to accumulate funds, you can invest in an FD that offers the earnings at maturity.

• Easily Start And Manage Your FD Account

You can easily invest in FD via an online application process, saving a lot of your time and effort. With the online management system, you don’t have to wait in long queues to submit your application. You can start an account anytime from the comfort of your home. Once you have started an FD, you will receive credentials to provide online access to your FD account. It will help you track and manage your FDs effectively.

• Special Tenor Schemes

Apart from regular FDs and higher returns for senior citizens, Bajaj Finance offers you a special FD scheme. Under this scheme, you can invest in an FD for 15 months and earn 0.5% more interest than the regular returns on a 12-month FD. Check Out The Latest Fixed Deposit Rates Offered By Other NBFCs And Banks

1. HDFC limited – They offer interest up to 7.98% on an FD offering interest at maturity for up to 84 months
2. State Bank of India – They offer interest up to 6.80% on an FD offering interest at maturity of 12 to 24 months for standard citizen and up to 7.30% for a senior citizen.
3. Shriram City Union Finance Limited – You can earn interest up to 8.65% on your FD investment of 48 months and up to 8.88% if you are a senior citizen.
4. Punjab National Bank – Earn interest up to 6.25% on your fixed deposit of 36 months to 60 months and up to 6.75% in case you are a senior citizen.
5. Kotak Mahindra Bank – You can earn interest up to 7.25% on an FD offering interest at maturity of 23 to 36 months and up to 7.75% in case you are a senior citizen.
6. Axis Bank – When you invest in an FD with Axis bank for 30 to 36 months, you will earn interest  up to 7.50% and up to 8.00% if you are a senior citizen.
7. ICICI Bank – With ICICI bank FD of  more than 36 months to 60 months, earn interest up to 7.25% on your investment and up to 7.75% if you are a senior citizen.
8. Sundaram BNP Paribas Home Finance – Earn interest up to 8.50% when you are a senior citizen on an FD offering interest at maturity for 24 months to 36 months and up to 8.00% when you are a standard citizen.

  Now that you can know fixed deposit rates from different financial institutions, select the one offering you more growth for your funds while keeping your investment safe and sound. You can choose the best option by checking the maturity amount in advance using the Bajaj Finance FD calculator. Once you have decided to invest, start an FD with Bajaj Finance and earn high returns.