Pune, Maharashtra, India (NewsVoir) Finding the ideal financial instrument can be a challenge. The type of investment, the likely rate of returns, investment horizon, risk appetite, and market volatility are just some variables to consider when it comes to money. If one is looking to build a corpus, choosing a financial plan that is not affected by market movements may be the ideal place to begin. And while there are various investment options available, a fixed deposit offers the dual advantage of safety and steady growth. Lenders such as Bajaj Finance offer fixed deposits that are stable, secure, and offer good returns on the investment. Here is what one can expect with a Bajaj Finance Fixed Deposit. 1. Attractive FD interest rates Bajaj Finance offers one of the highest FD interest rates in the market today - of up to 6.50%, along with an extra rate benefit of 0.10% p.a. for online investors. Senior citizens get an additional rate benefit of 0.25% p.a. irrespective of the mode of investment. Consider this illustration, where an individual invests Rs. 15,00,000 choosing a 3-year tenor in a bank FD, post office FD, and a Bajaj Finance online FD to compare their returns. Fixed deposit Deposit amount Interest rate applicable Maturity returns Interest payout Bank FD Rs. 15,00,000 5% Rs. 17,41,132 Rs. 2,41,132 Post Office FD Rs. 15,00,000 5.5% Rs. 17,67,102 Rs. 2,67,102 Bajaj Finance online FD Rs. 15,00,000 6.60% Rs. 18,17,033 Rs. 3,17,033 As the table suggests, one can take advantage of high FD rates with Bajaj Finance online FD along with a suite of other benefits. Investors looking to fund recurring expenses can also choose to avail of the option of earning periodic payouts from the same amount and tenor by investing in a non-cumulative FD. They can select the option of receiving payouts on a monthly, quarterly, half-yearly or annual basis. Given below is the periodic payout table for the same amount and tenor mentioned earlier: Periodic payout options Deposit amount Tenor Interest rate applicable Payout amount Monthly Rs. 15,00,000 4 years 6.41% 8,013 Quarterly Rs. 15,00,000 4 years 6.44% 24,150 Half-yearly Rs. 15,00,000 4 years 6.49% 48,675 Yearly Rs. 15,00,000 4 years 6.60% 99,000 This provision is beneficial for senior citizens who can plan to cover their monthly expenses using these funds. 2. Loan against FD FD investors can quickly meet their cash requirements without breaking their FDs. One can withdraw prematurely from their fixed deposit during emergencies. Bajaj Finance offers the facility of a loan against FD, where one can avail of a loan up to 75% of the invested amount with minimal documentation. 3. Highest safety of deposit The fixed deposits offered by Bajaj Finance are rated high on credibility by CRISIL (FAAA) and ICRA (MAAA), the leading credit rating agency in India, making it one of the most secure investment options available. Additionally, Bajaj Finance is one of the only NBFCs to have ‘0 unclaimed deposits’, an indicator of timely payments and default-free experience. 4. Easy online investment process Investors can benefit from a contactless and paperless online process with the Bajaj Finance online FD, all from the comfort of their homes. Investors below 60 years of age get an additional rate benefit of 0.10% p.a. on investing online. Investors looking to build a corpus can consider investing in a Bajaj Finance online FD to lock in attractive FD interest rates and benefit from a suite of other features. Image: Bajaj Finance offers FD interest rates up to 6.75% p.a. PWR PWR