Chennai: In line with its promise to serve the country’s investors with the most diverse range of investment options, wealth management app, ETMoney has partnered with Bajaj Finance to offer “hassle-free, online fixed deposits”.
According to a statement, the latest offering will allow investors an easy investment opportunity with assured returns of up to 7.35 percent.
“Indians have always prefered fixed deposits over other financial instruments owing to its reliability of being a safe investment option. However, with FD rates offered by banks falling over the last couple of years, most Indians are now earning returns that barely beat inflation,” it said.
With this offering, millions of Indian investors now have an option to earn higher returns compared to many bank FDs, it added.
The offering also comes with features such as, flexible interest payouts, tenures ranging from 12 to 60 months, and higher interest rates for senior citizens.