In today’s fast-paced world, everyone wants to invest their money wisely in order to secure their financial future. One popular investment option that comes to mind is a fixed deposit. A fixed deposit account is considered to be one of the safest investment options in the market. This is because it offers comparatively secured returns at a fixed interest rate for a specific period of time. But with so many banks and finance companies offering fixed deposit accounts, it can be difficult to choose the best option. Fortunately, Bajaj Finance has made it easy for investors to start a digital fixed deposit. In this article, we will explore the ease of starting a digital fixed deposit with Bajaj Finance and why it is one of the best options available.
What is a Digital Fixed Deposit?
A digital fixed deposit is a fixed deposit that is opened and managed online. You can open and manage a digital fixed deposit account from anywhere and at any time by using a smartphone or a computer. Bajaj Finance offers investors the ease of starting a digital fixed deposit through their Bajaj Finserv App. With the app, investors can manage their fixed deposit account and track their investments with ease.
Advantages of a Digital Fixed Deposit with Bajaj Finance
One of the most significant advantages of starting a digital fixed deposit with Bajaj Finance is the ease and convenience it offers. Investors can open an account from the comfort of their homes without having to visit a physical branch. This means that investors can save time and avoid the hassle of standing in long queues at a bank or finance company.
Another advantage of starting a digital fixed deposit with Bajaj Finance is the flexibility it offers. Investors can choose the tenure of their fixed deposit account based on their financial goals. Bajaj Finance offers flexible tenures ranging from 12 to 60 months. Depending on the tenure chosen, investors can earn interest rates of up to 8.85% per annum.
Moreover, Bajaj Finance has also made it easy for investors to calculate the returns on their investment through their best FD calculator. The FD calculator tool allows investors to calculate the interest earned on their investment before they start the investment process. This eliminates any guesswork and allows investors to make informed decisions based on their financial goals.
How to Start a Digital Fixed Deposit with Bajaj Finance
Starting a digital fixed deposit with Bajaj Finance is a simple and hassle-free process. Here’s a step-by-step guide on how to start a digital fixed deposit with Bajaj Finance:
Step 1: Download the Bajaj Finserv App
The first step in starting a digital fixed deposit with Bajaj Finance is to download the Bajaj Finserv App from the Google Play Store or the App Store.
Step 2: Register/Login to the App
Once the Bajaj Finserv App is downloaded, investors need to register/login to the app by providing their details such as name, phone number, email address, and PAN card number.
Step 3: Click on the ‘FD’ Option
After logging in to the app, investors need to click on the ‘FD’ option available on the home screen.
Step 4: Select the ‘Invest’ Option
In the next step, investors need to select the ‘Invest’ option to start the digital fixed deposit process.
Step 5: Select the Tenure and Investment Amount
In this step, investors need to select the tenure and investment amount for their digital fixed deposit account. Once the details are entered, the best FD calculator will automatically calculate the interest rate and the maturity amount.
Step 6: Confirm and Proceed to Payment
After verifying the details, investors can confirm the investment amount and proceed to payment. The payment can be made using a debit card, net banking, or UPI.
Step 7: Monitor the Investment
Once the payment is made, investors can monitor their investments in real-time through the Bajaj Finserv App. Moreover, investors also have the option to withdraw their investment prematurely if required.
Conclusion:
In conclusion, fixed deposits remain an attractive investment option for investors looking for a comparatively stable and secure returns. Over the years, fixed deposits have evolved, and digital fixed deposits are now gaining popularity among investors. Digital fixed deposits offer an easy and convenient way to invest in fixed deposits, providing a hassle-free investment experience.
Bajaj Finance offers one of the best digital fixed deposit accounts in the country, and the Bajaj Finserv App makes the process of opening and managing a fixed deposit account incredibly simple and easy. With this mobile app, investors can access a range of features like a high-interest rate, a user-friendly interface, convenient payment options, personalised investment advice, and much more.
Furthermore, Bajaj Finance’s FD calculator offers one of the best rates in the market, and the interest rates are comparatively much higher than those provided by traditional banks. The interest rates offered by Bajaj Finance vary depending on the investment tenure and the amount of money invested in the digital fixed deposit. Investors can use the FD calculator to understand the potential returns on their investment.
Lastly, investors can choose from a range of flexible options, such as reinvestment of interest, periodic pay-outs or withdrawal on maturity, making it easy to manage one’s finances. Additionally, investors benefit from Bajaj Finance’s credibility and the trust that people have in the brand.
In summary, digital fixed deposits are becoming increasingly popular, and Bajaj Finance offers one of the best digital fixed deposit accounts in the market. With the Bajaj Finserv App and the FD calculator, investors can access a range of features and benefits that make investing in a fixed deposit easy and convenient. You can also trade online on the Bajaj Finserv App by opening a free* Demat and Trading Account. So, if you’re looking for a secure and hassle-free investment option to safeguard your financial future, consider a digital fixed deposit account from Bajaj Finance today.
