Bajaj Finance, one of India’s leading Non-Banking Financial Companies (NBFCs), has crossed ₹50,000 crores in fixed deposits (FDs) in July 2023, making it country’s largest deposit taking NBFC (non-banking financial company). This is a significant milestone for Bajaj Finance, which has been growing its FD book at a rapid pace in recent years.
Bajaj Finance, one of India’s leading Non-Banking Financial Companies (NBFCs), has crossed ₹50,000 crores in fixed deposits (FDs) in July 2023, making it country’s largest deposit taking NBFC (non-banking financial company). This is a significant milestone for Bajaj Finance, which has been growing its FD book at a rapid pace in recent years.
The company’s fixed deposits book has grown by over 46% in the last year, and it now has over 5 lakh depositors. Bajaj Finance offers attractive interest rates on its FDs, which is one of the reasons for its popularity among investors. The company also offers a variety of FD products to suit the needs of different investors.
The company’s fixed deposits book has grown by over 46% in the last year, and it now has over 5 lakh depositors. Bajaj Finance offers attractive interest rates on its FDs, which is one of the reasons for its popularity among investors. The company also offers a variety of FD products to suit the needs of different investors.
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The growth in the Bajaj Finance Fixed Deposit’s portfolio is a testament to the company’s strong brand and customer base. The company is well positioned to continue its growth in the coming years, and the deposit is a good option for investors looking for a safe and secure place to park their money.
Let us look at a few factors that made this win possible and contributed to this momentous achievement:
- Attractive interest rates: Bajaj Finance offers attractive interest rates of up to 8.60% p.a. on its FDs, which is a very competitive rate and allows good returns to different strata of investors.
- Safety and security: Bajaj Finance is a well-established NBFC with a strong track record of financial performance. Bajaj Finance FD has one of the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings, which means that it is considered to be a secured investment.
- Flexibility: You can choose the tenure of your FD, the amount you want to invest, and the frequency of your interest payments. The interest payouts can be monthly, quarterly, half-yearly, and yearly. This flexibility also helps senior citizens get regular income from their deposit.
- Convenience: You can easily open an FD account with Bajaj Finance online from the comfort of your home. You can also track your FDs online and make withdrawals or premature closures as needed through their customer portal My Account.
After this huge win, Bajaj Finance promises it’s customers that moving forward #NothingChanges. Their strategy has always been to offer investors the best long-term saving and investments options and providing the best customer experience. They want to keep delivering on this commitment.
If you are looking for a safe and secure investment with attractive interest rates, then Bajaj Finance FDs are a good option for you.
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