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Invest in 5 FDs at once with Bajaj Finance multi-deposit facility

There is more than one reason to invest in a fixed deposit at present. Not only is it risk-free to invest in an FD, but currently,the interest rate on FDs offered by some issuers is more than that offered byother small savings schemes such as PPF. To make sure you can maximise your wealth, reputed financial institutions like Bajaj Financepromiseattractive interest rates of up to 8.95% on your Fixed Deposit investment.

Bajaj Finance FDs also carrythe highest ratingsfrom CRISILand ICRA, thus indicating that they arecredible and stable.These features from Bajaj Finance have resulted in 1,38,000 regular customers and 61,000 senior citizeninvestors over the years. Additionally, the book sizefor regular investors is more than Rs.14,000 crores and for senior citizens it is Rs.3,300+crore.The NBFC also offers other benefits such as amulti-deposit facility that allows you to invest in 2, 3 or even 5 FDs at once, via a single cheque.If you haven’t invested via Bajaj Finance’s multi-deposit facility yet,take a look at the benefits in store

Why choosemulti-deposit facility?

The multi-deposit facility by Bajaj Finance allows you to invest in severalFDs via a single cheque payment. Moreover, the – facility offers you complete control over your finances. This means you can choose different tenors for each of your FDs or different payout frequencies. For instance, if you are keen on investing Rs.20 lakh, instead of depositing the entire sum in one FD, you can divide it in to 5 FDs of Rs.4 lakh each, with varying tenors. This will ensure that on the basis of your short- or long-term goals, your FDs will give you adequate liquidity. This way you also won’t have to break an investment and lose out on interest. Even in case of an emergency, you can make a withdrawal from one FD and leave the others undisturbed.

How multi-deposit facility works?

The FD interest rates offered by Bajaj Finance vary for every customer type and tenor. While new users enjoy a interest rates of up to 8.60%, existing Bajaj Group employees and customers can get interest rates up to 8.85% on their investment. Bajaj Finance also provides an added interest of 0.35% to senior citizens, offeringthem up to 8.95% interest.So, depending on your customer profile you can invest in multiple FDs of varied tenors and maximise your earnings via the power of compounding. Here’s how you can benefit from multi-deposit facility depending on your customer profile.

  1. Assumethat you’re a new customer and want to investRs.15 lakh via the multi-deposit facility in 2 FDs. Here is what you will earn.
Deposit amount (in Rs.) Tenor (in years) Interest rate

(in %)

Interest payout (in Rs.) Maturity proceeds (in Rs.)
10,00,000 3 8.60 2,80,824 12,80,824
5,00,000 5 8.60 2,55,299 7,55,299
  1. As an existing customer, if you want to invest Rs.15 lakh via the multi-deposit facility in 2 FDs, here is what you will earn.
Deposit amount

(in Rs.)

Tenor (in years) Interest rate

(in %)

Interest payout (in Rs.) Maturity proceeds (in Rs.)
10,00,000 3 8.85 2,89,690 12,89,690
5,00,000 5 8.85 2,64,033 7,64,033
  1. As a senior citizen, if you want to invest Rs.15 lakh via the multi-deposit facility in 2 FDs, here is what you will earn.
Deposit amount (in Rs.) Tenor (in years) Interest rate

(in %)

Interest payout (in Rs.) Maturity
proceeds
(in Rs.)
10,00,000 3 8.95 2,93,248 12,93,248
5,00,000 5 8.95 2,67,549 7,67,549

Investing in Bajaj Finance FD is easy as you can start an investment with just Rs.25,000 and opt for hassle-free auto-renewal too. Apart from the multi-deposit facility, you can also consider starting your investment by making a debit card payment across certain locations in India. So make the most of the high interest offered by Bajaj Finserv and start your investment journey with Bajaj Financeright now. You can apply in person or by filling a short form online.

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