fixed deposit

Valentine’s month has begun. So, what are your plans for Valentine’s Day 2021? What are you going to give your significant other? A bouquet, a movie date, a candlelight dinner, a ring, or a car? Well, these are some of the most common V-Day gifting ideas. 

What about doing something unique this year? You should think of gifting your special one something that empowers them for a lifetime. How about gifting them a Fixed Deposit (FD)? Isn’t this a great idea given FD is one of the safest investment options to grow money?

If yes, then Bajaj Finance FD is an ideal V-Day gift. Let us understand why.

Features of Bajaj Finance FD

1. High returns

Currently, the fixed deposit rates in India are abysmally low. Traditional banks are offering FD rates between 4.90% – 6%. Such low rates may force you to shun FD investments. Certainly not a great idea for a gift.

But, Bajaj Finance FD rates will make you think otherwise. Currently, they offer FD rates up to 7% p.a. And, guess what? If you book an FD online, you will gain an additional 0.10%. If you are a senior citizen, then it is even better, as you will earn up to 7.25% p.a. Bajaj Finance currently offers the best senior citizen FD rate. 

2. No risk

Nowadays, with many financial institutions going kaput all over the globe, you may have safety concerns for your money. Keep your worries aside with Bajaj Finance FD.

Bajaj Finance enjoys a high credit rating of ‘AAA+’ from both ICRA and CRISIL. It is the only NBFC in India to be awarded a ‘BBB’ rating from international credit rating agency S&P Global.

Thus, your money is in safe hands.

3. Flexibility

You want to gift your partner a short-term FD, as you are expecting interest rates to rise soon? Or do you want to gift long-term FDs to them as they will get assured returns for a longer period?

Well, whatever may be your ultimate goal, Bajaj Finance has suitable investment options for all. You can open Bajaj Finance FD account for any duration between 12-60 months.

If interest rates rise, then Bajaj Finance gives you an option to prematurely withdraw your deposit. You can also avail of the Loan Against Deposit (LAD) facility if you or your partner need to fund emergencies. The multi-deposit scheme will allow you to open multiple deposits with a single cheque. So, Bajaj Finance FD is a flexible investment avenue.

4. Systematic Deposit Plan

Bajaj Finance has engineered a unique product on the lines of a recurring deposit and a SIP scheme of mutual funds. This product is known as the Systematic Deposit Plan (SDP).

There are two schemes under SDP. The monthly maturity SDP scheme enables you to invest small amounts monthly. You can make 6-48 deposits under this scheme. The duration and interest applicable to each deposit will vary.  Under the single maturity SDP scheme, all your deposits will have the same maturity date but varying interest rates. You can raise a lump sum corpus with this scheme.

As interest rates are pegged to prevailing market interest rates on the date of deposit, SDP schemes are ideal for managing interest rate risks.

5. Online application process

Bajaj Finance allows you to open an FD online with a single click. You just need to fill in a form and upload scanned copies of requisite documents. Thus, opening an FD with Bajaj Finance is a paperless and trouble-free process.

6. Value-added features

Bajaj Finance FD has many more benefits. Their minimum deposit requirement is just Rs 25,000. An inbuilt FD calculator on their website allows you to compute your returns in advance. At select locations, you can even open an FD with your debit card. 

Thus, this is the best financial gift for anyone. So, what are you waiting for? Gift your partner with Bajaj Finance FD this V-Day!