NewsVoirPune (Maharashtra) [India], June 12: Fixed deposit schemes are one of the most popular investment options in India. They provide a low-risk investment option and offer significantly assured returns on the amount invested. People who prefer fixed-income products and want to invest their hard-earned money in safe investment options often choose fixed deposit schemes.

Bajaj Finance Fixed Deposit is a highly rated and trusted investment option for investors and provides several benefits to customers. Recently, Bajaj Finance has taken a significant leap towards offering an easy and hassle-free experience to their customers by rolling out a simple online application process for their fixed deposit schemes. In this article, we shall delve into the online application process, features, and benefits of the Bajaj Finance Fixed Deposit schemes.

100 per cent digital online application process for Bajaj Finance Fixed DepositWith the ever-increasing dependence on technology and the convenience of conducting financial transactions online, investing in fixed deposits online has become the latest trend. Online registration offers a smooth and swift application process, where the entire process can be completed in a few easy steps. The Bajaj Finance Fixed Deposit application process is easy and convenient.

Step 1: Visit the Bajaj Finance websiteOn the Bajaj Finance website and click on the 'Fixed Deposit' option in the' Investments 'tab and click on the 'OPEN FD' button at the top of the page.

Step 2: LoginLogin with your mobile number and verify using the OTP sent to your number. You will be redirected to the FD online form.

Step 3: Select the investment detailsEnter the amount you want to invest, the tenure of deposit, the type of FD: Cumulative or non-cumulative FD and your customer type i.e., minor, senior citizen, resident individual or NRI. Basis your details, the total interest along with the maturity amount will be shown to you.

Step 4: Complete KYCComplete your online KYC, and fill in some other personal details like name, date of birth, and address. Also, provide your nominee details.

Step 6: PaymentPay the amount through net banking, debit card, or credit card. After the completion of the payment, a Fixed Deposit Receipt (FDR) is generated and mailed to the registered email ID. The FDR can also be downloaded from the website at any time.

Before starting the application, you also use theFeatures of Bajaj Finance Fixed DepositBajaj Finance FD offers several features that make it an attractive option for safe investments. With a simple online application process, it has become much more convenient and user-friendly to invest in Bajaj Finance Fixed Deposit.

High-interest ratesBajaj Finance Fixed Deposit offers the highest interest rates in the market, making it a popular investment option. The rates are higher compared to traditional bank FD. The interest rates range between 7.11 per cent p.a. to 8.60 per cent p.a. depending on the tenure and the customer's category.

Flexible tenure optionsBajaj Finance Fixed Deposit offers flexible tenure options ranging from twelve months to five years that ensure maximum returns. Investors can choose the tenure of investment based on their needs and financial goals.

Highly rated investment optionBajaj Finance Fixed Deposit schemes enjoy the highest credit rating since they are considered one of the most trusted companies in the industry. Bajaj Finance Fixed Deposit is rated as CRISIL AAA/STABLE, and [ICRA]AAA(Stable), indicating high safety regarding timely payment of interest and principal to investors.

Easy liquidityIf an investor needs liquidity, they can easily avail loans against their FD on favourable terms and up to 75 per cent of the deposit amount.

Bajaj Finance Fixed Deposit is an ideal investment option for those who seek fixed returns on theirBajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 66.05 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1 for short-term borrowing, and CRISIL AAA/Stable[ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB/Positive and a short-term rating of B by SP Global ratings.

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