Bonus Earned, Future Secured: Invest in Fixed Deposits for Smart Savings on Bajaj Markets

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6th July 2024  Pune, Maharashtra, India  Bajaj Markets, a leading digital financial marketplace, offers a diverse range of investment instruments, including Fixed Deposits (FD), through partnerships with several banks and NBFCs. These FDs present an ideal opportunity to start saving, secure one’s future, and achieve various financial goals.

Many individuals receive annual bonuses which often remain uninvested or are spent on purchasing non-essential objects. Instead, one can consider investing the amount in FDs to make the most of it. One of the key highlights of the FDs available on Bajaj Markets are the attractive interest rates, with some issuers offering up to 9.00% p.a.

On Bajaj Markets, investors can conveniently compare and book fixed deposits from these reputed issuers:

FD Issuer Maximum Interest Rate (p.a.) Minimum Deposit Amount
Bajaj Finance Ltd. 8.85% Rs. 15,000
Mahindra Finance Ltd. 8.35% Rs. 5,000
PNB Housing Finance Ltd. 8.05% Rs. 10,000
YES BANK 8.25% Rs. 10,000
Ujjivan Small Finance Bank 9.00% Rs. 1,000
AU Small Finance Bank 8.50% Rs. 1,000

*Disclaimer: The mentioned interest rates are subject to change at the issuer’s discretion.

By investing their annual bonus in FDs, individuals could benefit from the stability and security these instruments offer. They can also invest in tax-saver FDs issued by banks to claim tax deductions. These investments are eligible for deductions up to Rs. 1.50 Lakhs under Section 80C of the Income Tax Act, 1961, per financial year.

Booking an FD on Bajaj Markets offers several benefits, including:

  • Quick Processing: Fast and efficient online FD booking process
  • Auto-Renewal Facility: Option for auto-renewal on select FDs, ensuring continuous investment without manual intervention and loss of interest
  • Premature Closure Options: Flexibility to close FDs before maturity if needed, subject to certain terms and conditions
  • Loan Against FDs: Opportunity to obtain loans against FDs from certain issuers, providing liquidity without premature closure

The platform also provides a user-friendly experience with a wide range of investment options, serving as a one-stop destination for all investment needs. Investors can easily start their savings journey through the Bajaj Markets website or app.

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