ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Bajaj finance fixed deposit book size grew 464 percent in last 3 years

Pune(Maharashtra) [India}, Mar 11 (ANI): Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv registered a growth of 464% in the Fixed deposit book from Rs. 2038 crore in December 31, 2015, to Rs. 11,489 crore in December 31, 2018.

ANI Mar 11, 2019 13:37 IST googleads

Bajaj Finance

Pune (Maharashtra) [India], Mar 11 (ANI): Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv registered a growth of 464% in the Fixed deposit book from Rs. 2038 crore in December 31, 2015, to Rs. 11,489 crore in December 31, 2018.
The company also witnessed a growth in the book size of over 90% in the third quarter of FY19 as compared to the second quarter ended on 30th September.
Bajaj Finance Ltd. witnessed a trend of investors opting for the longer tenor of 36 – 48 months for investing in Fixed deposit. 56% of the investors opted for over 36 months of tenor while investing in Bajaj Finance Fixed deposit. The average investment witnessed was over 3lakh in Bajaj Finance Fixed Deposit.
Bajaj Finance Limited offers an interest rate up to 9.10% on their Fixed Deposit options. These rates are offered on an annual basis, applicable under the cumulative and non-cumulative payout schemes on a 36-60 months tenor. The annual rate of interest is valid for deposits up to Rs. 5 crores. Bajaj Finance Fixed deposit ranks high on credibility and is accredited with a FAAA/stable rating by CRISIL and an MAAA (stable) rating by ICRA so the investments are never at risk.
Senior citizens have additional benefit while investing in Bajaj Finance Limited Fixed Deposit, as they are eligible for an additional rate of interest as high as 0.35%.
Features and benefits of Bajaj Finance Fixed Deposit -
Higher interest rates for senior citizens:
Senior citizens investing in the Bajaj Finance Fixed deposit earn an additional 0.35% rate of interest over and above base interest rate offered.
Minimum deposit and flexible tenor:
The customer can invest a minimum deposit of Rs. 25,000 for a tenor ranging between 12 to 60 months, to suit their financial needs.
Online Application Process:
The customer can invest in FD by filling in an online application form and submitting the basic KYC documents.
Online Account Management:
The customer can access to Fixed Deposit account, to keep a track of the investment easily. This story is provided by Business Wire India. (ANI)

Get the App

What to Read Next

Business

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

New Delhi [India], March 12: There is something quietly powerful about a window... It neither confines nor escapes. It simply allows us to look, to pause, to breathe between inner and outer worlds. In The Painted Window, multi-award-winning contemporary artist Nandita Desai turns this everyday architectural element into the soul of her fifth solo exhibition, transforming vintage and handcrafted windows into luminous works of art. Running from 16th to 21st March 2026 at the Kamalnayan Bajaj Art Gallery, Nariman Point, Mumbai, the exhibition brings together 50 artworks - windows that look outward at the world, and inward at memory and quiet reflection.

Read More
Business

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Read More
Business

Hong Leong Islamic Bank Enters New Era as "HLB Islamic"

Hong Leong Islamic Bank Enters New Era as

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

Read More
Business

'India’s non-bank lenders seen growing faster than banks'

'India’s non-bank lenders seen growing faster than banks'

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Read More
Business

What Makes a Samsung AC the Right Choice for Modern Homes

What Makes a Samsung AC the Right Choice for Modern Homes

New Delhi [India], March 12: As summer approaches, choosing the right air conditioner becomes one of the more important home decisions of the year. For modern homes -- where energy efficiency, air quality, and smart connectivity matter as much as cooling performance -- Samsung ACs are built to tick all three boxes. Whether it is a studio apartment or a large living room, Samsung's 2026 lineup is designed to match the way modern households actually live and cool.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.