Bajaj Finserv fixed deposits review?

POSTED BY sairamboko ON June 5, 2014 5:34 pm COMMENTS (3)

Hi People,

I came across the bajaj finserv fixed deposit product. Their interest rates are higher than the banks. Additionally senior citizens and existing loan customers get additional .25%. It comes with a FAAA Rating by CRISIL and MAAA Rating by ICRA.

Link is : http://www.bajajfinservlending.in/fixed-deposits.aspx

Can anybody tell me whether its safe to invest in this fixed deposit? I am looking at 12 to 15 months tenor?

Regards,

Sairam

 

 

3 replies on this article “Bajaj Finserv fixed deposits review?”

  1. Nitin says:

    I will advice you to invest in Bajaj’s fixed deposit scheme. As i have the experience of 5 years in finance sector, so i can analyze the things deeply. Only interest rate is not the factor to see when you are choosing a NBFC to open your FD Account.

    Their Fixed Deposit scheme have FAAA/Stable rating by CRISIL, ICRA & MAAA. good customer support, branches across India and no deduction of tax at ource on interest payment up to Rs.5,000 p.a.

    1. Thanks for your comment Nitin

  2. rockingguy says:

    Yes, it’s safe to in Bajaj Finserv fixed deposits

    There are well known company having offices all over India. They offer long range of services like loans, credit cards, etc

    However, take note that if you earn above rs 5000/- as interest on deposits placed with Bajaj Finserv, then TDS will be deducted. This limit is rs 10000/- in banks

    You can give Form15G/15H for non deduction of tax, if your income is below taxable limits

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