Bajaj Markets has partnered with some of India’s leading banks to offer tax-saver fixed deposits (FDs). Considering it’s the start of the financial year, this partnership aims to provide investors with a seamless way to reduce their tax liability while accumulating wealth.<\/p>\n
Claim tax deductions on tax-saver FDs!<\/strong><\/p>\n Under the Income Tax Act, investing in Tax Saving FDs is a smart strategy to lower ones tax burden. These FDs offer investors the opportunity to claim deductions up to a maximum limit of Rs. 1.50 Lakhs per financial year. This is applicable under Section 80C of the Income Tax Act, 1961.<\/p>\n By partnering with reputable banks, Bajaj Markets ensures that investors can book a fixed deposit at competitive interest rates. Individuals can also browse a range of regular FDs issued by NBFCs, and choose from flexible tenors and interest payout options. This allows one to tailor their investments to suit their financial goals.<\/p>\n Browse the FD interest rates<\/a> offered by the below-listed partners of Bajaj Markets:<\/p>\n Bank<\/strong><\/p>\n Non-senior Citizen Interest Rates (p.a.)<\/strong><\/p>\n Senior Citizen Interest Rates (p.a.)<\/strong><\/p>\n AU Small Finance Bank<\/p>\n 7.25%<\/p>\n 7.75%<\/p>\n Ujjivan Small Finance Bank<\/p>\n 7.20%<\/p>\n 7.70%<\/p>\n YES Bank<\/p>\n 7.25%<\/p>\n 8.00%<\/p>\n Disclaimer:<\/strong> The above-mentioned interest rates are latest as of 11th April 2024, and subject to change at the discretion of the issuers.<\/p>\n Here are some key features of booking a tax-saver FD:<\/p>\n Lock-in Period: <\/strong>Mandatory lock-in period of 5 years; premature withdrawals are not allowed<\/p>\n Interest Payouts:<\/strong> Interest earned is compounded quarterly and is payable at maturity<\/p>\n Nomination Facility: <\/strong>Option to nominate a person to receive the proceeds of the FD in case of the investor’s demise<\/p>\n Renewal Option: <\/strong>Upon maturity, investors can choose to renew the FD for another term or opt for withdrawal<\/p>\n The investing process is simple, straightforward, and quick. To take advantage of these competitive interest rates, flexible options, and seamless application process, download the Bajaj Markets app<\/a> or visit the official website.<\/p>\n About Bajaj Markets<\/strong><\/p>\n Bajaj Finserv Direct, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.<\/p>\n Bajaj Markets is a marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments, Payments, Pocket Insurance, and VAS. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.<\/p>\n Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.<\/p>\n \u00e2\u0080\u00af<\/p>\n Visit the Bajaj Markets website<\/a> or download the Bajaj Markets’ app<\/a> from the Play Store or App Store to experience “India ka Financial Supermarket”.<\/p>\n Bajaj Markets has partnered with some of India’s leading banks to offer tax-saver fixed deposits (FDs). Considering it’s the start of the financial year, this partnership aims to provide investors with a seamless way to reduce their tax liability while accumulating wealth. Claim tax deductions on tax-saver FDs! Under the Income Tax Act, investing in […]<\/p>\n","protected":false},"author":12,"featured_media":3924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52886],"tags":[],"class_list":["post-3923","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-english-news"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/3923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=3923"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/3923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/3924"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=3923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=3923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=3923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}