Fixed Deposit is one of the safest investment options and unlike market-linked investment instruments, it provides certainty on returns. A company fixed deposit is an investment where non-banking financial institutions/ companies accept deposits by investors. Company fixed deposits are just like bank deposits but the interest on fixed deposit of financial firms is higher than the interest rate offered by banks. Hence one needs to look at credit ratings of the company. Senior citizens prefer to invest their money in FDs as the principal amount remains safe with the assured return in the form of interest. Bajaj Finance Fixed Deposit comes with ample benefits like higher returns and stability on your savings, flexible tenor, multiple payout options and you can start investing with as minimum as Rs 25,000. Bajaj Finance FD also provides 100% safety with ICRA’s MAAA & CRISIL’s FAAA/Stable rating.

For senior citizens, Bajaj Finance Fixed Deposit offers a lucrative interest rate of 0.35% over and above the regular interest rate offered to non-senior citizens.

Benefits of Bajaj Finance Fixed Deposit for Senior Citizens

Bajaj Finserv Limited is the holding company for the businesses dealing with the financial services of the Bajaj Group. Bajaj Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra. The group comprises 37 companies and its flagship company Bajaj Auto is ranked as the world’s fourth largest two- and three-wheeler manufacturer.

Bajaj Finserv Limited was formed in Apr 2007. Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company(NBFC) offering consumer finance, SME finance and commercial lending.

Here are the benefits of Bajaj Finance Fixed Deposit for Senior Citizens

• Assured and better Returns: Bajaj Finance Fixed Deposit for Senior Citizens provides you with 100 per cent protection of their capital with a higher rate of interest. You can either opt for a ‘Cumulative Fixed Deposit’ or ‘Non-Cumulative Fixed Deposit’ based on your needs.

The Cumulative Fixed Deposit option offers interest at the time of maturity along with your principal amount. However, if you need money on regular basis to fulfil your day to day needs, Non-Cumulative Fixed Deposit is the best bet as you can choose to receive the interest on fixed intervals like monthly, quarterly, semi-annual or annual payments.

• • Zero market risk: Keeping into consideration low-risk appetite at an old age, it is highly recommended to invest in Fixed Deposits as these are not linked to the market and its fluctuations. Fixed Deposits ensure that your earnings are safe.

• Loan against your FDs: It is important to be prepared for any unforeseen financial need that might just crop up. Bajaj Finance Fixed Deposit for Senior Citizens provides loan against FDs that gives you easy access to funds in a time of any financial crisis.
• The flexibility of tenors: Depending on your need, comfort and retirement goal, you can opt for the duration of your Fixed Deposit. Bajaj Finance Fixed Deposit tenor ranges from 12-60 months and offers the highest interest rate to senior citizen.  Bajaj Finserv Cumulative FD Rates are shown below

  Maturity Period	Regular FD interest rate (per annum)	Senior citizen FD interest rate (per annum)
  1 year to 2 years	8.00%	8.35%
  2 years to 3 years	8.15%	8.50%
  3 years to 5 years	8.75%	9.10%

  *The interest rates are subject to change as per the discretion of the bank. 

• Offers complete Security: Bajaj Finance’s Fixed Deposits are a 100% safe and secure and have been awarded ICRA’s MAAA (Stable) Rating and CRISIL’s FAAA/Stable Rating, making it extremely safe. The image below shows the ratings of ICRA and CRISIL.

ICRA and CRISIL FD ratings

Video on Bajaj Finance

The video below about Bajaj Finance raises an interesting question Does one need to take High risk for High returns?

So, you can now easily make a smart investment choice by investing your money in Bajaj Finance Fixed Deposit Scheme to multiply your savings and benefit from the protection and stability of your investment.