What is it? Lock-in period of 3 months. If withdrawn before maturity in 3 to 6 months, interest not payable. If withdrawn anytime post 6 months, 2% lesser than applicable rate payable.
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About Bajaj Finance Ltd
Bajaj Finance Limited, the lending & investments company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 50 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, 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.
As regards deposits taking activity of Bajaj Finance Ltd (BFL) the views may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits /discharge of the liabilities by the company.