Bajaj Finance Ltd launches five digitally-enabled Fixed Deposit service branches in Pune
· Branches equipped with Interactive Digital counters, Alexa Kiosks and Wifi-enabled tabs
Bajaj Finance Ltd, a deposit accepting Non-Banking Financial Institution (‘NBFC’) and a lending arm of Bajaj Finserv group, has launched five digitally- enabled Fixed Deposit service branches in Camp, Nalstop, Fatima Nagar, Pimpri and Aundh area of Pune. The Company plans to open 40-50 branches across the country over the next 12-24 months.
These branches are equipped with digital counters, Alexa Kiosks and Wi-fi enabled tabs which will enable the customer to transact, invest and get more details on the Fixed Deposits with Bajaj Finance Ltd.
Speaking on the occasion, Mr. Sachin Sikka, Business Head- Retail & Corporate Liabilities of Bajaj Finance Limited said: “Deposits contribute to 15% of the Company’s borrowings and it is important that we service the retail depositors through the digital platform as well, apart from the existing multiple mediums. For a commoditised and tradition asset class like Fixed Deposits, one cannot underestimate the micro market strategy and the key is to provide quicker and convenient access to retail depositors.
We are quite positive that these digital-enabled branches will be to the delight of our esteemed customers seeking instant information on deposit and insurance products, making the process faster and seamless”
Bajaj Finance Ltd. Fixed Deposit offers a lucrative interest rate of 8.75%, which can go up to 9.10% for Senior citizens, with a reliable interest flow and has the highest ratings on safety and stability with ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating. Customer can start by depositing an amount as low as Rs. 25000/- with a flexible tenor option of 12 to 60 months.
About Bajaj Finance Limited
Bajaj Finance Limited, the lending company Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 31 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.
Captions for photograph – Left to Right- Mr. Sachita Mohanty, Mr. Lohit Mannan (National Manager- Product & COE, Retail & Corporate Liabilities), Mr. Amitabh Panda (National Manager- IFA Growth), Mr. Mahesh Gupta (Sr. Vice President- SMC Global), Mr. Sachin Sikka, Mr. Chetan Kunder (National Manager- IFA Prime), Mr. Sanjay Abhyankar (1st FD Customer), Mr. Panikumar Katakam (National Manager- National Distributor).