Four benefits you can enjoy with Bajaj Finance Senior Citizen FD


As the Indian economy recovers, traditional investors now have the ability to extract value from reliable instruments such as fixed deposit. The recent RBI repo rate hike is among the key factors and has prompted several leading issuers to improve their offerings. One particularly smart option is the Bajaj Finance Fixed Deposit. Investors of all ages now enjoy some of the highest FD rates in the market, with special benefits for senior citizens. This is primarily because a senior citizen FD allows you to get an increased rate, thus ensuring higher returns.

However, apart from FD rates, Bajaj Finance Senior Citizen FD has several other special benefits. This allows you to invest easily and ensures that you enjoy a hands-on experience without worrying about returns. For a detailed overview of the features on offer, read on.

Improved FD rates

The FD rates you get dictate your total earnings. Higher rates lead to better earnings, so you need to choose publishers accordingly. With Bajaj Finance Fixed Deposit, you get some of the highest rates in the market, as regular investors can get interest rates of up to 7.50% p.a. However, the special benefit for senior citizens FD is that you get an additional 0.25% on the rates offered. This significant increase can significantly increase your total earnings, especially if you invest for the long term.

To better understand the difference and how you can earn significantly more as a senior investor, check out the following tables.

Consider cumulative FD investments of Rs 3 lakh, Rs 5 lakh and Rs 10 lakh; all reserved for a common term of 44 months.

Investors under the age of 60:

Rates for investors under 60 years of age.

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Rates for investors under 60 years of age.

Senior Citizen Investor:

Rates for senior investors.

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Rates for senior investors.

Disclaimer: All results are calculated using Bajaj Finance FD calculator.

Flexible investment options to ensure maximum comfort

As a senior investor, enjoying the right experience is key. This way, you don’t take on any financial stress and can quickly reach your financial goals. To ensure that you enjoy such an experience, Bajaj Finance has several provisions in place. Firstly, you can start investing with Rs. 15,000. This way, you don’t have to accumulate a hefty sum to start investing and you can start earning interest right away.

Another flexible feature is that you can opt for a tenor of up to 60 months. You can book your FD for any period between 12 to 60 months based on your goals and requirements. However, you must keep in mind that a long term FD for senior citizens will yield significantly higher returns than a short term FD. This is mainly due to compound interest, which causes you to earn generously the longer you stay invested. The easiest way to compare and understand stacking effects is to use an FD calculator. By increasing the tenor, you will notice that you can make good money, even if you extend the tenure by just one year.

Multiple payout options to match all investment goals

In addition to the benefits on offer, senior citizens can invest in Bajaj Finance Senior Citizen FD and get interest payments based on their requirements. You can choose non-cumulative or cumulative FD, on the basis of which you get interest earnings on maturity or periodically. If you choose the former, you can receive monthly, quarterly, semi-annual and annual interest payments. For senior investors, a non-cumulative FD can be a wise choice as it helps in generating a steady stream of income. Earnings can quickly help you settle your monthly expenses, as long as you invest wisely.

The interest rate offered to senior citizens for various payment options is listed below:

Interest rates offered to senior citizens for different payment options.

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Interest rates offered to senior citizens for various payment options.

Special interest rates are also offered for certain tenors:

Special interest rates offered for specific terms.

View the full image

Special interest rates offered for specific terms.

Note that non-cumulative FD will have lower FD rates compared to cumulative FD. You can check the difference and use the FD calculator to know exactly how it will affect your earnings.

Simplified investment processes

The vital advantage of Bajaj Finance Senior Citizen FD is that you can invest online. You can complete the entire process in a few minutes, saving you from going to a physical branch. Best of all, there’s no need to wait in lines. Log on to the official website, fill the simple form, upload the required documents and book your FD through UPI or NetBanking. The process is fast, easy and completely safe.

Considering all these special benefits, Bajaj Finance Senior Citizen FD is an intelligent choice. To enjoy all the features on offer, book your FD today and start earning generously on a safe and stable instrument.

Disclaimer: This article is a paid publication and does not involve journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not be responsible and/or liable in any manner whatsoever for anything stated in the article and/or also in relation to the views, opinion, announcements, declaration(s), affirmation(s) etc., stated /highlight in the same.

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