Factors That Affect Your Fixed Deposit Interest Rate
Due to the uncertain economic conditions and upheaval in the finance sector, investors are feeling hesitant to invest the money in the equity market due to the high-risk perception. As a result, investors are looking for safer investment avenues which offer assured income and are free from market risks. This has led to a significant increase in the popularity of FD, and a large number of investors are investing their money in fixed deposits to enjoy the various benefits offered by this investment avenue. Fixed Deposits from Bajaj Finance offer one of the best investment options for investors who do not want to expose their money to the market risks and are highly popular amongst investors from various walks of life.
Bajaj Finance Fixed Deposits
Bajaj Finance Fixed Deposits offer one of the highest interest rates in the market starting at 8.40% and going up to 8.75%. These Fixed Deposits are rated high on safety and stability and have ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating, assuring investors of timely payouts. Investment in Bajaj Finserv fixed deposits can be started from as low as Rs. 25,000/- and the maximum tenor being 60 months. There are no restrictions on renewals and investors can choose to renew their fixed deposits as many times as they want. With online account management through the Experia portal, investors can exercise complete control over various aspects of their investment with Bajaj Finserv.
Factors affecting Fixed Deposit Interest Rates
The total amount invested in a fixed deposit also affects the interest rate applicable to the instrument. With Bajaj Finserv, customers can start investing from as low as Rs. 25,000/- and can earn up to 8.75% interest.
The prevailing economic conditions in the country combined with the monetary and fiscal policy have a significant say on the interest rates applicable on fixed deposits.
For any queries feel free to contact Bajaj Finserv Customer Care.