According to the Bajaj Finserv website, except the senior citizen, if ordinary people buy FDs from offline medium, then they will get 7 percent return. If you buy FD online, an additional 0.10 percent return will be given.
Fixed Deposit (FD) simply means a guarantee of getting a fixed return on the deposited capital. No matter how much fluctuations or upheavals in the market, FD gives its customer an opportunity to get fixed income, irrespective of it. Taking a step in this direction, Bajaj Finance has announced a scheme in which 7.25 percent return on accumulated capital has been said. Bajaj Finance claims that along with the return on FD scheme, capital security is also being taken care of.
Bajaj Finance has launched this FD scheme online. Bajaj says that there are many more online FD offers in the market but customers can try and see his product by comparing it all. On behalf of the Bajaj Company, it has been said that many types of FDs are being run by the bank or the post office. But in terms of interest rate, its product is more beneficial.
What did Bajaj say
According to the Bajaj Finserv website, except the senior citizen, if ordinary people buy FDs from offline medium, then they will get 7 percent return. If you buy FD online, an additional 0.10 percent return will be given. Senior benefit is being given to senior citizens on behalf of the company. They are being given 0.25% extra FD returns. With this, senior citizens can withdraw their interest money every month, quarter, half or year. This will allow senior citizens to use FD returns as their expenses.
How to take advantage
To understand the benefits of this scheme, one can see an example. Suppose a person deposited 30 lakh rupees as FD for 5 years. The customer can compare the seed return rate of the bank, post office and Bajaj before investing this money. After this comparison, it will be known that Bajaj Finance has the highest rate. This FD scheme of Bajaj is named Bajaj Finance Senior Citizen FD. Under this scheme, if you invest 30 lakh rupees for 5 years, then this amount will be changed to Rs 42,57,040 with an interest of 7.25%. The amount of interest in this is Rs. 12,57,040.
This is the table
| FD scheme | Bajaj Finance Senior Citizen FD |
| Investment amount | Rs 30,00,000 |
| Period | 5 years |
| Rate of interest | 7.25 percent |
| Interest earning | 12,57,040 |
| Maturity amount | Rs 42,57,040 |
These people and benefits
During the time of Corona, people should be given the facility of contactless service, so that people can do more and more work online, Bajaj has started this initiative. More interest is being paid on taking online FDs than offline. There is no need to verify the necessary documents by going to the bank. One who wants to get FD can fill the online form, submit EKYC number and can start FD by entering his Aadhaar number. Those who are less than 60 years of age, are being given an additional 0.10 percent higher return on taking online FDs.
