How much interest will you get on FD?

Senior citizens will get the benefit of higher interest in this FD of Bajaj Finance. If you book this FD on Finserv app and web, then you will get the benefit of interest rate of 8.85 percent on 42 months FD. Apart from this, people below 60 years of age will get interest rate of 8.60 percent on this FD. The revised rates will be applicable on new deposits and renewals of completed deposits up to Rs 5 crore for a period of 42 months.

Company secretaries are making customers digital

Sachin Sikka, Head of Fixed Deposit and Investment Division, Bajaj Finance, said that our offering on FD now enables depositors to think digitally. In this, the facility of higher interest is available especially on FD through Bajaj Finserv App and Web…’

44.68 million net users

As of September 30, 2023, Bajaj Finance has 76.56 million customers with about 44.68 million net users on its app platform. According to data.io report, Bajaj Finserv app is the fourth most downloaded app in the finance sector on Play Store in India. At the same time, by September 30, 2023, the company has emerged as the largest company in the country to book deposits worth Rs 54,821 crore and more than 14 lakh.

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It is a part of our new era banking solutions that integrate traditional and digital channels. RBL Bank, one of the renowned private banks in the country, has announced the launch of Digital Fixed Deposit for its customers. Customers can book digital FDs within minutes without visiting the branch or opening a savings account with the bank.

Branch and Business Banking Head of RBL Bank, Deepak Gadhyan said that the bank has started its digital fixed deposit for new customers. It is a part of our new era banking solutions that integrate traditional and digital channels. Online Fixed Deposit is a secure and reliable investment route, which helps the customer to generate better returns and save over time.

Benefits of RBL Online Digital FD

1. Online FDs come with several additional benefits, such as embedded insurance cover, easy savings account open process, tracking and managing FDs digitally, etc.
2. FD holders can opt for insurance cover under the Hospital Daily Cash Benefit Policy which provides daily cash benefit for hospital expenses.
3. Customers can download the RBL Bank MoBank app to view their FD receipts online.
4. Digital FDs are enabled through an online KYC process, making it easy and hassle-free for customers to open FDs within minutes.
5. In three easy steps (i) providing Aadhaar linked mobile number and PAN details, (ii) completing KYC status using video KYC, and (iii) funding the FD using online payment methods.

How much will be earned

With an interest rate of up to 7.8 per cent for a tenure of 15 months to 725 days, RBL Bank’s Digital FD is offering investors an interesting investment option.

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