Bajaj Finance offers fixed deposit (FD) options for senior citizens, providing stable and assured returns. These FDs offer higher interest rates, flexible tenures, and customized interest payouts, making them an attractive option for retirees. The article highlights the benefits of Bajaj Finance FDs for senior citizens, including higher interest rates, customisable interest payouts, and ease of application.
The article also discusses the FD calculator tool provided by Bajaj Finance, which helps senior citizens plan their investments and estimate returns. The FD calculator allows users to input their deposit amount and tenure to estimate the maturity amount and interest earned. The article also provides tips for maximizing returns, such as opting for longer tenures, using the FD calculator, and reinvesting maturity proceeds.
The article also discusses the tax implications of Senior Citizen FDs, including Tax Deducted at Source (TDS) and Form 15H submission. Finally, the article compares Bajaj Finance FDs with other low-risk investment options, highlighting their competitive interest rates, customized payouts, and security. Overall, Bajaj Finance Senior Citizen FDs offer a reliable and attractive option for senior citizens looking to earn stable and higher returns.