06/02/2023 Financial & Legal Services
A fixed deposit (FD) is a type of savings account offered by banks, where the depositor agrees to keep their money in the account for a specified term, ranging from one month to several years. In exchange, Bajaj Finance offers a higher rate of interest on Fixed Deposit compared to a regular savings account.
FDs are a low-risk investment option, as they are insured by government agencies up to a certain limit, and are a reliable source of steady income, as the interest rate is guaranteed at the time of deposit. They are also a good option for those who want to save money for a specific goal, such as a down payment on a house or a child's education.
Features and Benefits.
1)Easy Renewals
2)Safety and Credibility
3)Senior Citizen Benefits upto 0.25%p.a if you are above age 60.
4)Attractive Returns upto 8.10%p.a
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