Bajaj Markets, a part of Bajaj Finserv, has joined hands with Ujjivan Small Finance Bank. Together, they are offering a fixed deposit scheme to customers.
If you invest in this scheme, you’ll earn interest at a rate of 8.25 percent.
It’s mentioned that older people can get even higher interest rates. Also, investors can benefit from tax saver fixed deposits.
For senior citizens, the interest rate is 8.75 percent. You can start investing with a minimum of Rs 1000.
There are various options available, including choosing to receive payouts either when the deposit matures or on a quarterly basis.
What’s more, you don’t need to have a savings account to invest.
Bajaj Markets stated that investors have different time options to choose from, allowing them to invest according to their specific financial goals.
