In today’s world, investing has become a crucial part of our lives to secure our future financial goals. With a plethora of investment options available in the market, Fixed Deposits (FDs) have always been a favored investment option for many. However, the traditional way of opening an FD account involved visiting the bank branch and filling out lengthy paperwork. But with the advancements in technology, now it has become easier than ever before to open a fixed deposit account online, from the comfort of your home, through Bajaj Finance Digital FD.
What is a Fixed Deposit
Fixed Deposit (FD) is a popular investment option offered by banks and financial institutions. It involves depositing a specific amount of money for a predetermined period, typically ranging from a few months to several years, at a fixed interest rate. FDs offer higher interest rates compared to regular savings accounts and provide a guaranteed return upon maturity. They are considered low-risk investments as the interest rate remains fixed throughout the tenure, making FDs ideal for individuals looking to grow their savings steadily while preserving capital. FDs also offer flexibility in terms of tenure and interest payout options.
What is Bajaj Finance Digital FD?
Bajaj Finance Digital FD is a Fixed Deposit account that can be opened online through the Bajaj Finserv App. It is a secure and easy way to invest your savings and multiply your money. With Bajaj Finance Digital FD, you can enjoy guaranteed high returns on your investment, flexibility in choosing the investment tenure, and easy liquidity for emergencies. It is one of the most popular choices for individuals who prefer safety and security for their investments.
The Benefits of Opening a Bajaj Finance Digital FD Online
1. Convenience: One of the main benefits of opening a fixed deposit account online is the convenience that comes with it. You can open an account at any time of the day, from anywhere in the world, without leaving the comfort of your home.
2. Fast and Easy: Opening an FD account online is extremely fast and easy. All you need is a few minutes of your time and a stable internet connection. You can complete the process hassle-free and with minimal paperwork.
3. Guaranteed High Returns: Bajaj Finance Digital FD offers some of the highest interest rates in the market of up to 8.85% p.a. With Bajaj Finance Digital FD, you can get guaranteed high returns on your investment.
4. Flexibility: You can choose the investment tenure that suits your needs and financial goals. Bajaj Finance Digital FD offers investment tenures ranging from 12 to 60 months. You can choose a tenure based on your financial requirement and choose to reinvest the amount upon maturity.
5. Easy Liquidity: In case of an emergency, you can easily withdraw the funds from Bajaj Finance Digital FD. The withdrawal process is quick, easy, and hassle-free, making it one of the best options for individuals seeking investment options with easy liquidity.
How to Open a Bajaj Finance Digital FD Account Online?
Opening a Bajaj Finance Digital FD account online is a simple and easy process. Here what you need to do:
1. Download the Bajaj Finserv App: The first step to open a Bajaj Finance Digital FD account is to download the Bajaj Finserv app. You can download the app from Google Play or the App Store.
2. Register: Once you have downloaded the app, you need to register yourself by providing your name, mobile number, and email ID. You will receive an OTP (One Time Password) on your registered mobile number. Enter the OTP and complete the registration process.
3. Visit the FD Tab: After registering, you need to visit the FD tab on the app. Click on the Create FD button to proceed further.
4. Choose Investment Amount and Tenure: Next, you need to select the investment amount and tenure as per your financial goals and requirements. The app will show you the expected returns based on the investment amount and tenure.
5. Review and Confirm: Once you have selected the investment amount and tenure, review your details and confirm the investment. You can also choose to reinvest the amount upon maturity.
6. KYC Verification: After confirming the investment, you need to complete the KYC verification process by providing your Aadhar card, PAN card, and other necessary documents. You can complete the process online or visit the nearest Bajaj Finserv branch for the same.
7. Fund Transfer: After completing the KYC verification process, you need to transfer the funds to your Bajaj Finance Digital FD account. You can transfer the funds through net banking, debit card, or UPI.
8. Confirmation: After the funds transfer, you will receive a confirmation for the same. Your Bajaj Finance Digital FD account will be created, and you can view all the details of your investment on the app.
Conclusion
Bajaj Finance Digital FD is an excellent investment option for individuals seeking safety and security of their investment. It is a convenient and easy way to invest your savings and multiply your money. With its high returns, flexible tenures, and easy liquidity options, Bajaj Finance Digital FD is a go-to investment option for many.
Opening a Bajaj Finance Digital FD account online is a straightforward and hassle-free process. You can complete the process in a few simple steps, from the comfort of your home, through the Bajaj Finserv app. So, what are you waiting for? Open a Bajaj Finance Digital FD account today and secure your financial future. Don’t forget to download the Bajaj Finserv app to get started!
