2 weeks ago

Bajaj Finance Fixed Deposit Offers Five Interest Payout Options

Bajaj Finance Fixed Deposit Offers Five Interest Payout Options
Five Payout Options on One Fixed Deposit: How Bajaj Finance Customers Use the Fixed Deposit Interest Rate Calculator to Choose · thehansindia.com

A fixed deposit is a safe way to save money and earn extra money called interest.

Bajaj Finance lets people choose how often they get this interest.

Some people want to get all the interest at the very end, so the money can grow bigger over time.

Other people want to get a little bit of interest every month to pay for everyday things.

Some people like receiving interest every three months, every six months, or once a year.

A special calculator on the website helps people see how much money they will earn.

The calculator asks for the amount saved, how long the money is saved, and how often interest is paid.

You need at least Rs.

15,000 to start, and you can keep the money for one to five years.

This helps people pick the best plan for their needs.

Key facts

Product
Bajaj Finance Fixed Deposit
Payout options
At Maturity (Cumulative), Monthly, Quarterly, Half-Yearly, Annual
Tenure
12 to 60 months
Minimum investment
Rs. 15,000
Loan against deposit
Up to 75% of the deposit amount
Credit ratings
ICRA AAA (Stable) and CRISIL AAA/STABLE
Calculator inputs
Investment amount, tenure, interest rate, payout option, investor category
Investment modes
Online and physical

Sources

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