Best FD fixed deposit rates: Up to 7.25 per cent interest is being received on Bajaj Finance’s FD (Fixed Deposit). Which is much higher than other fixed income investment schemes.
Apart from banks and post offices, NBFC companies also run FD schemes. These are called corporate FDs. Experts say that the maturity period of corporate FD is usually from 6 months to 3 years. Some corporate FDs can be even longer. However, corporate FDs have higher interest rates than normal FDs i.e. bank and post office FDs.
Financial experts point out that companies are related to business, so there is more risk in them than in the bank. In simple words, if the company defaults, then there is also the fear of losing money. That is why the rating must be checked before investing in them. It works in the same way as a bank FD. For this, the company issues a form, which can also be filled online.
Let us now know about the FD of Bajaj Finance…
According to news agency PTI, interest of up to 7.25 percent is being received on fixed deposits of Bajaj Finance. Which is much higher than other fixed income investment schemes.
FD can be granted for a period of 12 to 60 months.
| How many months FD | FD rates for common people | Rates for Senior Citizens |
| 12-23 | 5.98% – 6.15% | 6.22% – 6.40% |
| 24 – 35 | 6.41% – 6.60% | 6.64% – 6.85% |
| 36 – 60 | 6.79% – 7.00% | 7.02% – 7.25% |
New Age FD… invest at home
Bajaj Finance is offering contactless fixed deposits. Yes, you can invest in FD sitting at home. You do not need to fill any paper. You do not even need to be in a long line. Investments can be made through the website.
Bajaj Finance claims that their FD is the safest and best in terms of returns. Because it has been given the MAAA rating of ICRA. At the same time, CRISIL has given FAAA stability rating.
In such a situation, ordinary investors can get big returns in small savings. Bajaj Finance is safe with online FDs, and assured returns on maturity can be expected.
Always keep these things in mind while investing in corporate FD
Financial experts say that if companies with AAA or AA rating are offering FD, then money can be invested in them. Yes, credit rating of companies must be seen before investing money.
Many times, companies with lower ratings pay higher interest but they remain tense about money security. Another very important thing is that instead of long term in corporate FD, always choose the scheme of short duration. The risk is reduced on short-term FDs.
Banks should invest only in FDs of the company against FDs when the difference between the two varies from 3 to 4 per cent.
Before investing in corporate FD, see the record of 10-20 years of that company. Invest in the deposits of the same companies which are making profits and who are giving you dividend for 5 years.
