One of most the hard-earned materialistic source of happiness is money. To earn this, you are mostly depending upon your employer if you are employed. However, earning is not the end of the money-making struggle. In order to increase your existing income, you must find ways to multiply it to enable to meet your financial goals as your income usually does not keep the same pace of growth as inflation. One of the most lucrative and safe ways is to invest in a high interest-bearing fixed deposit.
Why invest in Bajaj Finance FD?
Among the various FD lenders in India, currently, Bajaj Finance is one of the top-runners. The lucrative interest rates and other services offered by Bajaj Finance are commendable. You can avail an interest rate up to 8.95%. Bajaj Finance FD rates are much higher than the average FD interest rates in India. The minimum investment amount is ₹25,000.
Benefits of Bajaj Finance FD for Bajaj Employees
Apart from the benefits served to its existing customers, Bajaj Finance also offers exceptional benefits to its existing employees. Some of these benefits are:
- High Return On Investment
The Fixed Deposit Scheme for Bajaj employees is one of the best in the market. As an employee, you get a return on investment (ROI) of 53% on your Fixed Deposit Investments with Bajaj Finance. ROI for employees is undoubtedly higher than the general customers.
| Investor Type | Interest rates | Principal Amount | Tenor | Return | ROI |
| New customer | 8.6% | ₹5 lakhs | 5 years | ₹2,55,299 | 51% |
| Bajaj Employee | 8.85% | ₹5 lakhs | 5 years | ₹2,64,033 | 53% |
- High interest rates
The standard rate of interest on the Bajaj Finance FD begins from 8.6% and goes to as high as 8.95% in the case of senior citizens. As an employee of Bajaj Finance, you get an impetus of additional rate of interest. Unlike general customers, the interest rate for employees is 8.85% for 5 years. This means that Bajaj employees get an additional interest rate of 0.25%.Â
- FD renewal benefits
Bajaj Finance employees are offered much more benefit than just an additional interest rate of 0.25%. The fixed deposit scheme of Bajaj Finance FD lets you auto-renew your FD if you’d like to. As an existing employee of the company, you get extra benefits on the renewal of the fixed deposit. You get an additional interest rate of 0.10% on your FD renewal irrespective of the tenor and the amount chosen. Apart from this, you can also choose the interest rate’s compounding frequency on your FD investment.Â
- Assured returns and security of investment
One of the primary reasons why people choose Bajaj Finance FD is safety and security. All the customers of Bajaj Finance fixed deposit receive a guarantee of assured returns with ICRA’s MAAA/stable rating and CRISIL’s FAAA/stable rating.
You can use the online Fixed Deposit Interest Calculator to calculate your returns in advance and manage your FD investments with Experia- your online FD account.
