Newzdaddy Business Updates
Pune/Mumbai, August 18, 2023: Bajaj Finance Limited, a well-known financial company in India, has shared some exciting news. Their Fixed Deposits, which are like special savings, have reached a big number – Rs. 50,000 crore!
Bajaj Finance has a lot of people who trust them with their money. These people, called depositors, have put their money in Bajaj Finance Fixed Deposits. They are like special accounts where you keep your money to earn more over time. There are 500,000 depositors in total, and they have made 1.4 million deposits altogether.
The good thing is that Bajaj Finance is really good at managing money, and they have the highest rating for being reliable. This means they are great at taking care of the money people give them. People like to keep their money with Bajaj Finance because they are sure it’s safe.
Sachin Sikka, who is a big leader at Bajaj Finance, said that they are happy because more and more people are choosing to put their money in Fixed Deposits. This is because Bajaj Finance has made it easy to do this online, and they are present everywhere in the country.
Bajaj Finance is offering high-interest rates to attract people to put their money in Fixed Deposits. If you keep your money with them for about 44 months, they will give you a good interest rate. If you are a senior citizen, they will give you even more interest.
In the last 10 years, Bajaj Finance has grown a lot. The number of people putting their money with them has gone up by almost 50% every year. Also, the amount of money they manage has gone up by 60% every year.
People like to keep their money with Bajaj Finance because they offer good interest rates. For example, if you keep your money with them for 12 months, they will give you 7.40% extra money. If you keep it for 24 months, they will give you 7.55% extra. For a longer time, like 36 to 60 months, they will give you 8.05% extra money.
A lot of people like to use Bajaj Finance’s app to manage their money. They have a huge number of customers, and many of them use the app to put their money in Fixed Deposits. People of all ages are doing this because it’s easy and safe.
So, Bajaj Finance is really happy about their Fixed Deposits reaching Rs. 50,000 crore. They are doing a great job helping people save and grow their money.