Should You Invest In This ‘AAA’ Rated Fixed Deposit With 7.05% Returns?

Investing in fixed deposits under the debt category is highly favoured by both non-senior and senior individuals when it comes to the safest investment alternatives in the field with easy liquidity. Investing in Bajaj Finance Ltd.'s fixed deposit scheme, which has recently revised its interest rates on fixed deposits and now promises a very good return of up to 7.05 percent, can be a good bet if you want to sprout your investments in a secure debt instrument that relishes high and inflation-beating returns. Bajaj Finance has revised its interest rates on 1st December 2021, and currently offers an interest rate ranging from 5.65% to 7.05% for a flexible deposit tenor of 1 year to 5 years. With a minimum deposit of Rs.25,000 or Rs 5,000 per month through Systematic Deposit Plan (SDP) one can now get the following interest rates on his or her deposits of less than Rs. 5 Cr.

Bajaj Finance Fixed Deposit Interest Rates

On deposits of Rs 25,000 to Rs 5 Cr maturing in 12 months to 60 months, Bajaj Finance is now offering the following interest rates to the general public with effect from 1st December 2021.

Tenor in months	12-23	24-35	36-60
Cumulative	5.65%	6.40%	6.80%
Monthly	5.51%	6.22%	6.60%
Quarterly	5.53%	6.25%	6.63%
Half-yearly	5.57%	6.30%	6.69%
Annual	5.65%	6.40%	6.80%

Bajaj Finance Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.25% on their deposits. Following the most recent revision, senior citizens will now get a maximum rate of 7.05% on their deposits.

Tenor in months	12-23	24-35	36-60
Cumulative	5.90%	6.65%	7.05%
Monthly	5.76%	6.47%	6.85%
Quarterly	5.78%	6.50%	6.88%
Half-yearly	5.82%	6.55%	6.94%
Annual	5.90%	6.65%	7.05%

Should I Invest?

Let me start by reminding you that Bajaj Finance fixed deposits have been rated FAAA/Stable by CRISIL and MAAA/Stable by ICRA, indicating that your investment is safe. As we often advise our readers, opt for AAA-rated corporate deposits when investing in them, and Bajaj Finance is a fantastic bet for debt investors looking for enhanced safety and inflation-beating returns. In the current market, where leading public sector banks such as State Bank of India and leading private sector banks such as HDFC, Axis, and ICICI Bank are promising returns of 5.35 percent to 5.40 percent, investing in Bajaj Finance fixed deposits can yield up to 6.80 percent in the long-term starting from 5.65 percent in the short term for non-senior citizens and a maximum return up to 7.05% in the long-term starting from 5.90% in the short-term for senior citizens, making it an unquestionably excellent way to build your savings fortunes.

However, corporate deposits are not insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if compared to the bank deposits, but in the case of Bajaj Finance deposits the highest rating of AAA indicates the company's overall health from the past few decades implying a worry-free investment approach and an attractive option of SDP is a positive call for diversifying your debt portfolio to beat inflation of 4.48% and get returns as high as 7.05% in the current low-interest rates regime of banks.