Heres Why NRIs Should Consider Investing in the Bajaj Finance Fixed Deposit


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Here’s Why NRIs Should Consider Investing in the Bajaj Finance Fixed Deposit

  • Sunday, September 8, 2019 10:00AM IST (4:30AM GMT)
Pune, Maharashtra, India:  Non-Resident Indians (NRIs) who wish to have a savings account or a fixed deposit account in India cannot open standard savings account like Indian residents. If you opened a savings account before moving abroad, you need to convert it into a Non-Resident External (NRE) accounts or Non-Resident Ordinary (NRO) account.
To cater to the Indian diaspora, Bajaj Finserv, through its lending and investment arm Bajaj Finance Ltd, is offering NRI Fixed Deposit enabling them to  benefit from high returns up to 8.95 per cent.
The Bajaj Finance Fixed Deposit for NRIs offers flexible tenor options between 12- 36 months, along with multi-deposit and easy auto-renewal facility. Investing here not only guarantees you safe and assured returns but it also insulates your portfolio from market-related risks. Read on to understand the associated benefits better:
Top rating agencies vouch for the stability of the Bajaj Finance FD
In an economy that’s been plagued by occurrences of low and even negative returns, the offer of assured gains is compelling. However, it’s important that such a guarantee is ratified by reputed agencies. Fortunately, the Bajaj Finance NRI FD comes out unscathed as it has the highest credit ratings from both ICRA and CRISIL. In fact, it even has a BBB rating from S&P Global. Together, these ratings indicate timely interest and principal payouts and the stability of any long-term investments that you make.
You can earn handsome returns, more so if you’re a senior investor
With Bajaj Finance you get high returns in addition to safety. You earn interest of up to 8.35% as a regular investor and as a senior citizen benefit even more. This is because you qualify for a 0.35% interest rate boost, bringing the total interest to 8.70%. In both cases, you earn the most when you invest for at least 3 years and opt for payouts at maturity only.
To understand what your returns will be, assume that you invest Rs.10 lakh for 3 years.  
Customer type Deposit (in Rs.) Tenor (in yrs.) Interest rate (in %) Interest earned (in Rs.) Maturity proceeds (in Rs.)
Regular 10,00,000 3 8.35 2,71,999 12,71,999
Senior 10,00,000 3 8.70 2,84,366 12,84,366
You can avoid double taxation by way of DTAA
As an NRI earning both in India and abroad, you would want to avoid double taxation. Fortunately, you can do this by claiming benefits under the Double Tax Avoidance Agreement that India has with the country you live in at present. Depending on the terms of the agreement you will either get tax credit or an exemption. As a result, you can protect your earnings with relative ease.
You can access liquidity through a loan against FD
While it’s true that an NRI Fixed Deposit offers the best returns when you don’t withdraw from it prematurely, Bajaj Finance offers you a convenient alternative for when you find yourself facing a financial crunch. You can pledge your FD as collateral and avail a loan of up to Rs.4 lakh while your investment continues to earn interest.
You can benefit from a range of value-added features
Bajaj Finance allows you to invest for a flexible tenor, opt for periodic interest payouts, manage your account online, invest in several FDs with a single cheque and even opt for the FD auto-renewal facility. 
The latter is especially advantageous as you get extra 0.10% interest. Continuing with the previous example, and considering that the rates remain the same, here’s what you can earn if you opt for FD auto-renewal.
Customer type Deposit (in Rs.) Tenor (in yrs.) Interest rate (in %) Interest earned (in Rs.) Maturity proceeds (in Rs.)
Regular 12,71,999 3 8.45 3,50,466 16,22,465
Senior 12,84,366 3 8.80 3,69,786 16,54,152
Now that you know how the Bajaj Finance NRI FD adds value to your portfolio and can help you accumulate wealth, book an appointment with an executive to set up your deposit without further ado.

About Bajaj Finance Limited

Bajaj Finance Limited, the lending arm of the Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 36 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Loans for Professionals, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.
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Violet Vaz, Bajaj Finserv, [email protected]

Ayushi Kakkar, Bajaj Finserv, [email protected]

Kamalprit Singh, Bajaj Finserv, [email protected]

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