is Bajaj finance FD safe?

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Deal Cadet
dealstaar
Got this on ET Money app.

They are offering 7.55% for 16 months duration. Is it safer to invest with them?

Do we get insurance for the FD

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Deal Cadet Deal Cadet
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It is safe but you will not get insurance. I opened 1 lac FD during Covid using Kuvera.. process to open and close is smooth.

Instead of corporate fixed deposits.. Check for Small Finance Banks fixed deposit which gives same or more with insurance. Ex: Equitas Small Finance Bank gives 8.2% for 12-18 months

Deal Cadet Deal Cadet
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manehari wrote:

It is safe but you will not get insurance. I opened 1 lac FD during Covid using Kuvera.. process to open and close is smooth.

Instead of corporate fixed deposits.. Check for Small Finance Banks fixed deposit which gives same or more with insurance. Ex: Equitas Small Finance Bank gives 8.2% for 12-18 months

FD on Equitas is eligible for insurance?

Wingman Wingman
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Ig it is bank then insured and nbfc are not insured. Bajaj finance is an nbfc
Deal Cadet Deal Cadet
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manehari wrote:

Yes

Just tried to set up FD account via app, such a pathetic app. What kind of developers they have hired
Deal Cadet Deal Cadet
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Bro put the same money in any small cap mutual funds u will get 12% returns atleast in the same duration 

Deal Cadet Deal Cadet
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GeekHead wrote:

Bro put the same money in any small cap mutual funds u will get 12% returns atleast in the same duration 

Okay, very risky though. Any suggestions

Wingman Wingman
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manehari wrote:

It is safe but you will not get insurance. I opened 1 lac FD during Covid using Kuvera.. process to open and close is smooth.

Instead of corporate fixed deposits.. Check for Small Finance Banks fixed deposit which gives same or more with insurance. Ex: Equitas Small Finance Bank gives 8.2% for 12-18 months

Is they able to give interest on time?
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