Top Benefits CKYC Provides while Investing in Bajaj Finance Fixed Deposit

While investing in Bajaj Finance FD, you can choose the online investment option. It becomes easy to invest through an online FD form as you can open a fixed deposit from your home, office, or anywhere else. The CKYC online document verification system saves you from the ordeal of submitting the physical documents. You can just share your CKYC number with the customer representative to verify your address and identity online.

Having a CKYC identification number makes the investment process seamless. You can also avoid making copies of your original documents and attending the physical verification round for verifying them. Therefore, investing in Bajaj Finance Fixed Deposit becomes a lot easier if you have registered your documents in CKYC.

For investing online, Bajaj Finance FD gives an additional FD rate of 0.10%. For making deposits the options of net banking and UPI are provided. The alternative of debit card payment is also provided in specific locations. The other benefits of investing in this FD scheme are listed below:

High-interest rates

The FD rates in India have seen a drastic decline due to the changes in the RBI policies and repo rates. Bajaj Finance FD gives you a chance of growing your deposits at an FD interest rate that can be high up to 6.75%. With this high-interest rate and assured returns, you can get sufficient returns from your deposits even when the market is facing a low period.

Safety

Ensuring the safety of the deposited amount is a must these days as the financial sector is facing a lot of ups and downs. Being a risk-free option, Bajaj Finance FD has the high credit ratings of CRISIL and ICRA that make it a credible and stable investment option for everyone.

Senior citizen FDs

If you have crossed the age mark of 60, you are eligible for a 0.25% excess FD rate with Bajaj Finance FD. As a senior citizen, you get this excess FD rate on choosing an online or offline mode of investment.

Also, you have the option of investing in Bajaj Finance non-cumulative FDs for earning a regular income. The interest payouts can be availed after every month, year, quarter, or six months as per your needs.

Laddering FDs

Investing all the capital in one FD may not prove to be a smart decision in the long run. It is because you may have to withdraw the entire deposit if you face a shortage of funds in the future.

Laddering FDs becomes seamless with Bajaj Finance FD as it comes with multi-deposit feature. It enables you to open multiple fixed deposit accounts simultaneously. This ensures higher liquidity and during emergencies, you could manage by breaking one of two deposits.

Laddering FDs may also allow you to lock in your consolidated returns at a higher FD rates in the future. The option of choosing a lock-in period from 12 to 60 months makes it easy for you to select different tenors for your deposits. Bajaj Finance FD even provides the option of availing of a loan without submitting any security. It too could provide you with the necessary funds during emergencies.

NRI FDs

If you are a Non-Resident Indian, you can invest in Bajaj Finance FD easily. You just need to have an NRO account as you need to deposit the money through this account. An interest rate of up to 6.50% for regular citizens and FD rates of up to 6.75% for senior citizens are provided to NRIs. The investment period can be between 12 and 36 months for NRIs.

These features and benefits make Bajaj Finance FD one of the most flexible, convenient, and feasible investment options for investors.