Plan Investments for Retirement With Fixed Deposits
PUNE, India, June 19, 2018 /PRNewswire/ --
While everyone plans for big milestones of their life, one should also plan the retirement. And to ensure a similar lifestyle after retirement, it is required start investing money from an early age. There are various investment options available to invest the hard-earned savings that can be used after retirement. One of the most popular investment options for Indian citizens planning for their retirement is fixed deposits. Fixed-income investors scouting for higher rates can now also look at company FD. Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv has increased their Fixed Deposit interest rates for senior citizens to 8.75%.
Bajaj Finance Ltd., the lending arm of Bajaj Finserv offers the best rate on interest for a minimum investment amount of Rs. 25,000. Accorded 'FAAA/Stable' rating by CRISIL and 'MAAA (Stable)' rating by ICRA Bajaj Finance Ltd Fixed Deposit holds the highest degree of safety regarding timely payment of interest and principal on the instrument.
Key features of Bajaj Finance Fixed Deposit:
Choose a cumulative deposit
One must opt for Cumulative Fixed deposit as the interest earned is added back to the principal amount after a fixed duration and helps increase the interest income
Additional interest on renewal
If amount invested in Fixed Deposit is solely planned for retirement, one should opt for auto-renewal to earn 0.10% additional interest with each renewal
Special tenor of 15 months
Customer planning to invest for a short-term but with a higher amount, can opt for the 15 months deposit scheme and earn up to 7.85% on deposits starting from Rs. 1,00,000
About Bajaj Finance Limited:
Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 21 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Re-Financing Loans. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
For any query visit Bajaj Finance FAQ section or directly talk to Bajaj Finance Customer Care representative.
Media Contact:
Ashish Trivedi
[email protected]
+91-9892500644
Bajaj Finance Ltd
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