A fixed deposit is a form of investment that offers guaranteed returns that are higher than those offered by a savings account and is more stable than an equity market investment. Fixed deposits in India are extremely secure investment opportunities because they are guaranteed by the central government. They can be used to meet both short- and long-term goals.
Kinds of FDs
On the basis of interest payout frequency, there are two types of FDs: cumulative and non-cumulative FDs. Cumulative FDs are suitable for those seeking to create a broad corpus over time, and their interest payouts are reinvested along with the depositor’s principal balance at predetermined intervals. You can opt to collect your interest payouts at regular intervals if you invest in a non-cumulative FDs. This, however, reduces the amount you earn as corpus when the deposit matures.
Benefits of Bajaj Finance online fd
With digitalization pervading all aspects of our everyday lives, investment instruments have migrated online as well. You can avail for a Bajaj Finance fixed deposit form on Finserv MARKETS in a few steps and profit from the following features:
- More options for exploring
When you visit a bank or financial institution in person, you will be informed of the choices available to you. When you want to look at your choices, it’s far easier to look at the options available on various platforms and choose the fixed deposit that best fits your needs and interests.
- Enhanced transparency
When you fill a Bajaj Finance fixed deposit form withFinserv MARKETS online, you can check your returns from any location at any time.
- Enhanced convenience
Many of the procedures become more streamlined and convenient when you open a Bajaj Finance online fd because they can all be completed with the click of a few buttons. By using the fixed deposit online, you can make deposits, view your returns, select the term of your investment, and perform a variety of other similar and unrelated tasks.
- Higher rates of interest
You are more likely to earn higher rates of interest if you open a Bajaj Finance online fd rather than visiting a physical branch of the bank or financial institution in which you are beginning the deposit. Customers who make fixed deposit transactions online also receive additional benefits from banks and financial institutions.
- Procedures that are hassle-free
When you visit Bajaj Finance fd login page, you should expect a smooth process that includes the verification of your KYC documents. All you have to do is upload your documents once, and the rest is taken care of.
How to open a FD online?
Now that you’re aware of the advantages of opening a Bajaj Finance online fd, you should also be aware of how to do so. Learn how to open a Bajaj Finance fixed deposit on Finserv MARKETS in just three measures by reading on.
- Fill in your personal information as well as the beneficiary’s information. Choose your fixed deposit number, the term on which you want to deposit it, and the plan form.
- To expedite the opening of your fixed deposit, upload the necessary documents. It’s a good idea to have the paperwork on hand before you start this phase to ensure smooth operations.
- After you’ve entered your information, chosen your fixed deposit’s terms, and uploaded the required documents, all you have to do now is pay the principal sum to activate the account.
Wrapping Up
Fixed deposits opened on Finserv MARKETS have interest rates that start at 8% and can go up to 8.79 percent. If you are a senior citizen, you are entitled to interest payments at a rate that is 0.35 percent higher than the current market rate. Fixed deposit interest rates are fixed at the rate at which they were launched, so the returns you earn on this investment will never be affected by market fluctuations. You can select an investment duration of one to five years when you invest in a Bajaj Finance fixed deposit on Finserv MARKETS.