Bajaj Markets collaborates with Ujjivan Small Finance Bank to offer FDs with up to 8.25% interest rate

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Bajaj Markets, a subsidiary of Bajaj Finserv, has collaborated with Ujjivan Small Finance Bank to provide the bank’s fixed deposits (FDs). This opportunity allows individuals to earn interest of up to 8.25%, with an additional 0.50% interest specifically for senior citizens.

Engaging in Ujjivan Small Finance Bank Fixed Deposits via Bajaj Markets comes with a range of attractive features. Investors can start with as little as ₹1,000, ensuring accessibility for a broad spectrum of individuals. Furthermore, the investment offers notable flexibility, providing the choice between maturity payouts or quarterly returns. Additionally, it allows for FD investments without the requirement to open a savings account. The diverse range of tenor options ensures customers can tailor their investments to meet specific financial objectives.

Elderly individuals can benefit from elevated interest rates, while tax-conscious investors can explore the advantages of tax-saving fixed deposits. Bajaj Markets aims to simplify the procedure by providing a swift application process with minimal documentation. This includes facilitating instant online bookings and offering a fixed deposit calculator for convenient planning and comparison of different FD schemes.

For those seeking a secure and hassle-free method to build wealth, investing in FDs could prove advantageous. The platform not only features FDs from other prominent banks and NBFCs but also provides a variety of investment options to assist in achieving one's financial wellness objectives.

Numerous banks are progressively elevating their fixed deposit rates in response to the year-end surge in credit demand. The objective is to enhance the appeal of deposit rates, particularly given the