How safe is it to invest in a Bajaj Finance FD?

After the recent DHFL announcement stating that the company will neither accept new deposits nor permit premature withdrawals (except in cases of emergency), you may harbor skepticism towards company FDs. However, there’s no reason to worry, as there is plenty of safe company FDs such as the Bajaj Finance Fixed Deposit. In fact, this FD offers some of the highest FD rates in India in 2019. For the risk-averse investor, this avenue is perfect as it has high credit ratings too. This means that you will receive returns in a timely manner. 

Further, you can compute your yield through a fixed deposit interest calculator and invest as per your goals. Read on to know more about what makes Bajaj Finance safe company fixed deposit.

ICRA’s rating scale and where Bajaj Finance’s FD stands

• MAAA: ICRA’s the highest-credit-quality rating that is given to FDs that have the lowest possible credit risk.
• MAA: ICRA’s high-credit-quality rating that is given to safe FDs carrying a low credit risk.
• MA: ICRA’s adequate-credit-quality rating that is given to FDs with average credit risk.
• MB: ICRA’s inadequate-credit-quality rating that is given to FDs with high credit risk.
• MC: ICRA’s risk-prone-credit-quality rating that is given to FDs that carry a very high credit risk.
• MD: ICRA’s lowest-credit-quality rating that is given to FDs where there is practically nil possibility of recovering your finances in case of default.

The Bajaj Finserv FD is assigned ICRA’s MAAA rating, thus ensuring your complete safety.

CRISIL’s rating scale and how Bajaj Finance’s FD fares

• FAAA: CRISIL’s highest rating that indicates excellent safety regarding FD payouts.
• FAA: CRISIL’s high safety rating that indicates that you can expect payouts in a timely manner. Nevertheless, an FD with FAA rating isn’t as secure as one carrying an FAAA rating.
• FA: CRISIL’s adequate safety rating. It indicates that the degree of safety you have regarding returns is satisfactory. FDs with an FA rating are vulnerable to changes in circumstances.
• FB: CRISIL’s inadequate safety rating that indicates minimal safety with regards to receiving interest and principal on time. 
• FC: CRISIL’s high-risk rating. It indicates that it is doubtful that you will enjoy any degree of safety regarding the timely interest and principal payments. Changes in economic factors can further result in inability or unwillingness to make payouts.
• FD: CRISIL’s default rating that indicates that the FD is either is in default or will be at maturity.
• NM: CRISIL’s not meaningful rating. It tells you that the FD has factors that render the rating meaningless. 

The Bajaj Finserv FD carries CRISIL’s FAAA. This means you can be sure of timely, default-free interest and principal payments.

Bajaj Finance offers generous returns hand-in-hand with safety

A key benefit of choosing the Bajaj Finance FD is that it couples outstanding credit ratings with high returns. Here, regular customers get an FD rate of 8.60% on an FD took for at least 3 years with payouts at maturity, while senior citizens get 8.95% on an FD has taken on the same terms. Since your returns are assured, you can forecast them beforehand by using an FD deposit interest calculator.

Therefore, if you are investing Rs.1 lakh for a tenor of 5 years, you will earn interest of Rs.51,060 and take back a total of Rs.1,51,060 at maturity. As a senior citizen, take a look at the returns you will earn for a range of principal amounts.

To become an FD investor right away, request a call from Bajaj Finance by filling a short form. A representative will help you sign up for this impressive FD in no time at all!