Month: March 2022

BANGALORE, India, March 16, 2022 /PRNewswire/ — Most cancer patients and caregivers agree that the financial aspect of cancer treatment is often the most stressful one. To counter this problem, Onco.com has introduced a subscription plan called Onco Care Plus. It provides access to quality cancer services at discounted rates, helping the patient save upto INR 50,000. Onco Care Plus is available at just INR 399 per month, and provides services like free doctor consultation, 15% off on cancer treatment costs, 25% off for diagnostic tests, free nutrition plans, among many more. It also gives cancer patients and caregivers access to a dedicated care manager who will hand-hold them through their treatment journey, providing guidance, information, and help as required. Onco Care Plus is designed to help patients benefit from world class facilities in cancer care, while simultaneously reducing the financial burden of cancer treatment. From diagnosis to after-treatment follow-ups, all stages of a cancer journey are covered under this plan. Sharing the vision behind Onco Care Plus, Rashie Jain, CEO and co-founder of Onco.com, said, “Cancer treatment requires an integrative approach as patients need not only medical guidance but care on side effect management, nutrition, counseling and other financial needs. With Onco Care Plus, we bring to our patients a plan that allows them to get access to medical as well as ancillary care all under one umbrella and even between their doctor visits have 24*7 guidance available from the comfort of their home.” Dr Amit Jotwani, Co-founder and Chief Oncologist, Onco.com said, “Onco Care Plus program helps patients and their families with discounts on tests and treatments in addition to uninterrupted support, information and guidance through the smartphone app and trained, dedicated care manager thus simplifying the cancer treatment journey for them.” With an estimated 1 out of every 10 Indians likely to be diagnosed with cancer at some point in their lives, cancer has become a colossal health and humanitarian issue in India. Better access to evidence-based and multidisciplinary treatment plans can help improve treatment outcomes drastically. Since a majority of the services under Onco Care Plus can be accessed online, it helps patients avoid unnecessary travel and exposure to viruses. Patients can choose from Onco’s pan India network of over 1500 oncologists and 500+ treatment centers for these services. Onco Cancer Plus can be availed at 10% cashback by downloading the free app here. About Onco.com Onco.com is India’s leading cancer care management platform that empowers cancer patients and their families with the right information on their treatment, and provides them with the care they deserve. With a strong focus on a patient-centric approach, Onco.com has served over 100,000 patients, in over 18 countries, so far. For any questions on cancer treatment, contact a Care Manager through the Onco Cancer Care app, or by calling +91 79965 79965. Logo: https://mma.prnewswire.com/media/1767652/Onco.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

– Founded by Vivek Yadav & Vishnu Pathak, the community & content monetization platform has grown rapidly to a strong user base of 50K, with a 25% paid cohort

– Cosmofeed is set to ramp up its product offering and focus on sustainable growth with new hires for Product, Engineering & Customer Success

MUMBAI, India, March 16, 2022 /PRNewswire/ — Cosmofeed, a dynamic content monetization & consumption platform that enables creators to digitally and seamlessly optimize, monetize, and manage their audiences has announced raising US $1.5 million in seed funding. The round was co-led by grow^x ventures, Waveform Ventures, & 9 Unicorns with participation from Singapore-based investment holding company Silk Bridge Partners (SBP). Industry leaders like Swati Mohan (CBO – Heads Up For Tails, former CMO – Netflix India), Rannvijay Singha (actor, influencer) & Subhadip Nandy (trader, financial educator) also participated in the round.

The funding will allow Cosmofeed to extend its network to a wider audience of relevant end-users while constantly innovating to provide a hassle-free end-to-end experience. The startup will also use the funding to ramp up its team and hire people for Product, Engineering and Customer Success.

Founded in September 2021 by Vivek Yadav & Vishnu Pathak, Gurgaon-based Cosmofeed helps content creators make money and brings them closer to their community. It does this through its app that allows creators to build premium groups with ease, manage or host online events with one click, and connect with audiences instantly.

Using cutting edge technology, Cosmofeed aims to be a one stop shop for content creators by eliminating all the inherent problems of the creator workflow and distribution system currently and offering a scalable, seamless platform with a suite of products that can be monetized.

Creators can monetize via premium subscriptions, gated content, and webinars while enjoying a real-time seamless payout. Since its launch, Cosmofeed has grown rapidly to a strong user base of 50K, with a 25% paid cohort.

“The content creator community has grown exceptionally in the recent past, creating an opportunity for millions of new-age creators to earn passive income through micro-community creation. Cosmofeed has been designed with the aim of monetizing the efforts of such creators in a systematic, scalable, and hassle-free manner using technology,” said Vivek Yadav, Founder & CEO, Cosmofeed at the funding announcement.

“Cosmofeed’s differentiation lies in identifying and empowering the new-age creators. The competitive talent seeks discovery and guidance which is supported by deploying technology. The platform enables them to monetize their content from the very onset and provides the relevant tools for sustainable growth and scalability of these creators of tomorrow,” added Yadav.

Commenting on the announcement, Sheetal Bahl, Partner at grow^x ventures said: “The creator economy is one of the important facets of the digital revolution story, but the lack of tools for creators to manage and monetize their content poses a major bottleneck. Cosmofeed is pioneering one such revolution by building a platform to help creators fill this gap seamlessly. The team is chasing a grand vision with a very promising early traction. We are excited to back them in their rocketship growth journey.”

Arun Tadanki, Lead Investor at Waveform Ventures added, “CosmoFeed makes it super-easy for premium content creators to build communities and effectively monetize them. We have been very impressed by what the founders have built even as they were bootstrapped, and the early traction is exciting!”

While Dr. Apoorva Ranjan Sharma, Co-Founder at 9 unicorns also commented on the announcement, “There are 1.5 billion WhatsApp and Telegram groups globally with a $50 billion opportunity but creators are unable to monetise the content they create on free groups while struggling to manage private groups. CosmoFeed is solving this major problem and helping these creators and professionals by effectively helping them enable the monetisation channels in an optimal manner. We feel Content is king and there is immense opportunity in this segment.”

About Cosmofeed:

Cosmofeed is a platform offering a suite of products for the creators enabling them to monetize both bits & full offering of their content across their audiences while building deeper engagement in communities. The unique creator-first approach in product building has allowed Cosmofeed to be a platform that solves all the inherent problems of the creator workflow and distribution. It seamlessly solves the issues in the current ineffective setup that requires different tools and platforms for distribution, payments, community, and engagement making scalability and sustainability a big issue for the creator.

Founded in 2021 and based in Gurgaon, Cosmofeed counts amongst its users some of the top informative creators as it advances its mission to be the end-end platform for the creator – user interactions.

Visit us at www.cosmofeed.com, Twitter, or LinkedIn to learn more about how we are empowering creators to create the best possible ecosystem for creators – users engagement & monetisation.

About grow^x ventures:

grow^x is a seed-stage venture fund focused on B2B and emerging technologies. It works closely with investee firms at both strategic and operational levels to drive scale and success. grow^x invests across a wide range of sectors, and has invested in about 40 companies, including Fynd (exited to Reliance), Locus (exited to Series C investors), Mad Street Den, Pixxel, Progcap, Quandl (exited to Nasdaq), Wellthy Therapeutics, and Zipolan among others.

Find out more at www.growxventures.com/, or follow us on LinkedIn.

About Waveform Ventures:

Website: https://waveform.vc/

Linkedin: https://www.linkedin.com/company/waveform-ventures

Twitter: https://twitter.com/WaveformVC

About 9 Unicorns:

Website: https://www.9unicorns.in/

Linkedin: https://in.linkedin.com/company/9unicorns

Twitter: https://twitter.com/9UnicornsVC

Logo: https://mma.prnewswire.com/media/1767750/Cosmofeed.jpg

Photo: https://mma.prnewswire.com/media/1767751/cosmoFeed_Team.jpg

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

A new digitally verifiable Guaranteed Investment Certificate solution from ApplyBoard and Royal Bank of Canada delivers greater trust and efficiency for Indian students’ Proof of Financial Support required for a Canadian study permit

ApplyBoard, the global education technology platform revolutionizing the international student journey, and Royal Bank of Canada (RBC), one of Canadas largest financial institutions, today announced a joint Proof of Financial Support solution. This unique collaboration will help Indian students looking to fulfill their dreams of higher education in Canada. A key element of the Canadian study permit application process is for students to demonstrate an ability to support themselves financially during their studies abroad. By using ApplyProof, ApplyBoard’s document verification platform, eligible Indian students can now submit their study permit application to the Government of Canada’s Student Direct Stream (SDS) program with the added trust and security of a digitally verifiable Guaranteed Investment Certificate (GIC) provided by RBC. “Together with RBC, we are building trust in students Proof of Financial Support and helping to strengthen their study permit applications,” says Iman Hassani, Head of ApplyProof. “Leveraging RBC’s strength in the Canadian financial sector and ApplyProof’s secure and efficient verification capability, we’re making education in Canada more accessible to Indian students.” A stand-alone platform developed by ApplyBoard, ApplyProof transforms the way official student documents are accessed, verified, and shared with immigration officials, admissions officers, and other applicable stakeholders in the study permit process. With the unique solution now offered by ApplyBoard and RBC, international students from India will be able to apply for an RBC Guaranteed Investment Certificate (GIC) that, if required, can be verified by Canadian immigration officials in a matter of seconds via the ApplyProof platform. “This joint Proof of Financial Support solution is one of the many steps we are taking toward our mission to make education accessible globally,” says Meti Basiri, CMO and Co-founder of ApplyBoard. Upon arrival in Canada, international students can access a wide range of services and offers for newcomers through RBC’s digital banking solutions and over 1,100 branches across the country. “RBC has a longstanding history of and commitment to supporting newcomers, including international students, who bring innovative ideas and fresh perspectives to campus communities across Canada,” says Amit Brahme, Senior Director, Newcomer and Cultural Client Segment, RBC. Canada is a popular study-abroad destination for Indian students thanks to Canada’s successful work-permit programs, inclusive immigration policies and strong multicultural representation. According to Immigration, Refugees and Citizenship Canada, almost 130,000 Indian nationals were approved to study in Canada between January and November 2021, surpassing the full-year record of 111,000 in 2019. To learn more about the RBC International Student GIC Program or to begin an application through ApplyProof, visit www.applyboard.com/discover/gic.

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Leading global video streaming solution provider hires sales director and is selected by a leading regional VOD platform to scale its distribution, furthering its presence in India GURGAON, India, March 16, 2022 /PRNewswire/ — ViewLift, a global leader in end-to-end streaming and OTT (over-the-top) solutions, announced today the addition of Manish Manwani as sales director to oversee strategic outreach in India. Additionally, the company announced its new customer, Oho Gujarati, the first VOD entertainment platform dedicated to Gujarati content. The platform selected ViewLift to modernize and scale its existing platform to reach global audiences. With more than six years of experience across sales for the broadcasting and streaming industry, Manwani will oversee the sales outreach across India’s streaming and content space and drive revenue growth. Before ViewLift, Manwani served as sales manager and senior executive at leading broadcast media companies, Planetcast Media Services and Viu. While at Planetcast, Manwani spearheaded the OTT vertical with a major revenue focus on the Indian market. “As we’re bolstering our presence across India, Manish will play an intricate role on our team to propel us even further as the leading digital content distribution platform,” said Manik Bambha, co-founder and president at ViewLift. “His extensive background in streaming and monetization strategies, along with the respect he has achieved throughout his career in India, will allow him to integrate tightly with our team as we continue our growth across India.” In addition to Manish as sales director, ViewLift announced its new customer, Oho Gujarati, to bolster its business presence across India. Roughly 60 million people across the globe speak the Gujarati language, creating the need for hyper-local content for Gujarati speakers. With a mission to provide entertainment across India, Oho Gujarati launched in March 2021 and has over 50,000 subscribers. The streaming platform has 26 hours of original content, including 18 originals, and plans to release two originals every month. “Choosing to partner with ViewLift was a no-brainer as we’re scaling our service to additional platforms and seek to create a more seamless viewing experience,” said Suryadeep Basiya, CEO at Oho Gujarati. “We chose ViewLift as we’re working on migrating our platform into a premium and global OTT solution. This partnership will help us in offering a better viewing experience and grow our subscriber base. ViewLift’s experience in the OTT space is unmatched.” Since its founding in 2014, ViewLift has helped launch six platforms in India while staffing 75 consultants to help grow the company. As more and more content providers see the value in OTT platforms, ViewLift will continue to grow and meet the needs of the industry. For more information about ViewLift and its OTT solutions, visit www.viewlift.com (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

›   ŠKODA SLAVIA designed with a service cost starting at ₹0.46/km across the range

›   95% localisation enhances lower cost of materials

›   Wide variety of service and warranty packages further bring down costs

›   New initiatives under ŠKODA ‘Peace of Mind’ Campaign add to ownership benefits

ŠKODA AUTO India have announced the service cost for the all new ŠKODA SLAVIA sedan starting at ₹0.46 per kilometer. This cost is calculated over a duration of 5-years/75,000kms, whichever occurs earlier.

The SLAVIA sedan offers a warranty of 4-year/100,000kms, whichever occurs earlier, as standard with an option to extend it to 5 or 6-years with 150,000kms, whichever occurs earlier. In addition to the warranty, customers can further lower overall costs under the ŠKODA SUPERCARE pre-paid packages starting at Rs 24,499. Categorised under Standard, Enhanced and Comprehensive, these maintenance packages include various limited and extended wear and tear items under pre-defined maintenance and costs. This ensures the customer a price guarantee and protection against inflation and price fluctuations. ŠKODA SUPERCARE and the extended warranties have all been designed in such a way that owning a SLAVIA becomes a hassle-free affair for the customer, and also increases residual costs of the sedan as these benefits will be passed on to the next owner.

Adding further to the SLAVIA ownership experience are a bevy of standard and optional extras under ŠKODA AUTO India’s ‘Peace of Mind’ Campaign. Some of them include Compact Workshops, which makes aftersales facilities accessible in all rural areas having a sales branch, with upto 21% reduction in service cost per kilometre. Peace of Mind also allows customers to book a service online or via WhatsApp with all of the vehicle’s service records integrated to the customer’s phone via the MyŠKODA app with a Service Cost Calculator. The Campaign also sees an extension of the ŠKODA Assist Road Side Assistance plan to 9 years and the provision of to-the-door MobiCare Mobile Service for certain services.

ŠKODA AUTO India launched the all new SLAVIA 1.0 TSI sedan on 28 February, 2022 and the performance-oriented 1.5 TSI sedan aimed at enthusiasts, on 3 March, 2022 with bookings and deliveries for both products on in full swing.

Further information:

Sunny Arora                                                                            Saurabh Dedhia

Product and Brand Communications                      Product and Brand Communications

T – +91 22 3313 7332                                                              T – +91 22 3313 7046

sunny.arora@skoda-vw.co.in                                 saurabh.dedhia@skoda-auto.co.in

ŠKODA AUTO

›   is successfully steering through the new decade with the NEXT LEVEL – ŠKODA STRATEGY 2030.

›   aims to be one of the five best-selling brands in Europe by 2030 with an attractive line-up in the entry-level segments and additional e-models.

›   is emerging as the leading European brand in India, Russia and North Africa.

›   currently offers its customers ten passenger-car series: the FABIA, RAPID, SCALA, OCTAVIA and SUPERB as well as the KAMIQ, KAROQ, KODIAQ, ENYAQ iV and KUSHAQ.

›   delivered over 870,000 vehicles to customers around the world in 2021.

›   has been a member of the Volkswagen Group for 30 years. The Volkswagen Group is one of the most successful vehicle manufacturers in the world.

›   independently manufactures and develops not only vehicles but also components such as engines and transmissions in association with the Group.

›   operates at three sites in the Czech Republic; manufactures in China, Russia, Slovakia and India primarily through Group partnerships, as well as in Ukraine with a local partner.

›   employs more than 43,000 people globally and is active in over 100 markets.

 

›   ŠKODA AUTO INDIA

›   fascinating customers in India since 2001.

›   offers four models in India – SUPERB, OCTAVIA, KUSHAQ and KODIAQ.

›   present in more than 100 cities across the country with over 175 customer touchpoints

›   recorded a triple digit growth of 130% with 23,858 units sold in 2021

›   ŠKODA AUTO India website – www.škoda-auto.co.in

›   ŠKODA AUTO India Communications Twitter Handle – @SKODAIndia_PR

BANGALORE, India, March 15, 2022 /PRNewswire/ — Flutura a pioneering Industrial AI company recently deployed its suite of Industrial AI solutions Cerebra for Delek US at their Big Spring Refinery as part of the Refinery of the Future initiative. Flutura and Delek US signed a multi-year agreement to collaborate and expand the deployment into newer functional areas across its 4 refineries and provide advanced decision-making capabilities to its operations and reliability teams. “We looked for a partner to join us in our journey to provide our operational and management teams more actionable insights into managing our assets. We chose Flutura Cerebra because of their innovative, flexible technology and the ability to integrate with our current and future systems. The technology is being deployed initially on select critical components and will be expanded to other use cases across our Refining system,” said Nithia Thaver, SVP Refining “We are excited to be a strategic partner for Delek and enable them to achieve their vision of creating the Refinery of the Future”, says Srikanth Muralidhara, Co-Founder & Chief Customer Officer, at Flutura, “Delek’s talented engineers and Flutura’s experts over the past year have collaborated and created a unique deployment model to realize high value outcomes leveraging Delek’s data assets. We look forward to scaling this success together” To learn more about Flutura, please visit http://www.flutura.com Logo: https://mma.prnewswire.com/media/1511688/Flutura_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

• Expo will showcase 100% organic, natural, and pure silk and cotton cloth sarees and suits
• 60 stalls will showcase skills of India’s handloom weavers from across the country
• Visitors will witness entire process of creating various products on the handloom

Today, the Madhya Pradesh State Sericulture Development and Trading Co-Operative Federation Limited, which is a Madhya Pradesh Government Undertaking, has organized the State Handloom Expo 2022. The expo has been sponsored by the Ministry of Textiles, Government of India, to showcase the skills of India’s handloom weavers, who have come from every corner of the country to display and sell their products. The State Handloom Expo will run from 10^th March 2022 to 23^rd March 2022 and has been organized for the first time in Chandigarh, at the Circus cum Exhibition Ground.

The State Handloom Expo was inaugurated by Smt. Anindita Mitra, Commissioner, Municipal Corporation, Chandigarh and Shri Vinay Pratap Singh, Deputy Commissioner, Chandigarh. On this occasion, Shri Vishesh Gadhpale, Commissioner, Silk Directorate, Government of Madhya Pradesh was also present. During the inauguration, the nodal officer of the expo, Shri Chitrendra Dwivedi, Shri Kishan Rao (liaison officer) of Madhya Pradesh Handicrafts Development Corporation and Shri Ravindra Singh, field officer of Madhya Pradesh were present at the venue. The expo was inaugurated by the lighting of the lamp, which was followed by a grand celebration, where a bevy of cultural programs were staged.

The aim of organizing the State Handloom Expo is to encourage the artisans associated with handloom and handicrafts and to provide them with a platform to display their products. The expo will showcase 100% organic, natural and pure silk and cotton cloth sarees and suits, including dress material and furnishing fabrics, at 60 stalls. A bouquet of brands owned by the MP Silk Federation, such as Prakrit, Sant Ravidas Madhya Pradesh Hastashilp Evam Hathkargha Vikas Nigam Limited, Mrignayani and the Madhya Pradesh Small Industries Corporation will be featuring their products at the Expo.

Highlights of State Handloom Expo:

• The expo will showcase the world famous Chanderi and Bagh (Block) prints and Maheshwari pattern sarees and dress material.
• Famous sarees of Uttar Pradesh, tussar sarees of Bhagalpur in Bihar, and dress material will be available at the expo.
• Visitors will be able to witness the entire process of creating various products on the handloom at the Expo.
• Home Furnishing Textile of Export Quality from Panipat, Haryana, will be available
• All products will carry the Handloom Mark and Silk Mark.

Vymo will serve as the system for visibility of collection activities and automate manual efforts such as feedback capture, collection management, and payments.

BANGALORE, India, March 14, 2022 /PRNewswire/ — Vymo – one of the fastest-growing sales engagement platforms for financial institutions – today announced that Clix Capital – India’s leading non-bank lender – will be deploying its platform to digitize its collections business. More than 350 frontline agents and managers across 15 states will use Vymo to automate payment collections and capture customer feedback.

Business teams at Clix Capital will get real-time visibility into field activities using Vymo. As a result:

• Frontline agents can plan and optimize their engagement with agency partners as per priority;
• Collection cases can be dynamically allocated to managers and agency owners based on business rules to ensure maximum efficiency;
• Managers have ready reports and insights on collections performance and case closures.

Commenting on the partnership, Vishal Jain, Chief Collections Officer – Clix Capital, said, “In the world of AI and ML, seamless information flow is critical for creating Dynamic Risk & Sourcing Scorecard to improve collection and portfolio quality. Vymo’s solution will help on three fronts – providing vital information in real-time to the last mile to improve the quality of customer engagement and collection, capturing the ground reality in a structured format to be consumed in AI and ML-driven Risk & Sourcing Scorecard and Sharp Monitoring on input metrics of collections.”

Vymo is integrated with Clix’s core lending systems to provide a single-pane view of key business metrics of its agency network. It provides a frictionless user experience for managers and frontline personnel who now don’t need to switch between multiple systems or cross-reference data across outdated and complicated applications.

Rajesh Sabhlok, Managing Director, Asia-Pacific – Vymo, said, “The quality of data remains our priority as financial transactions get digitized. However, agents still rely on outdated systems to input data and since this is not always dependable, the rich context of the engagement is lost. With this partnership, Clix Capital’s collections team will have access to best-in-class digital capabilities and functional expertise to increase efficiencies and be more productive.”

Further, Vymo will provide contextually prescriptive intelligence through nudges, next-best actions, and interventions. Thereby, teams can optimize various levers in the agency distribution channel to improve sales performance metrics and other related KPIs.

About Clix Capital

Clix Capital is a new age NBFC revolutionizing the lending space by offering differentiated digital lending products that are driven by technology and deep analytics. It offers a range of lending products to a varied spectrum of customers across the MSME and consumer segment, including personal loans, MSME loans, healthcare loans, and mortgage finance.

Clix is co-founded by industry veterans Mr. Pramod Bhasin and Mr. Anil Chawla and is backed by a private equity fund AION Capital Partners Limited (an affiliate of Apollo Global Management, LLC – one of the largest alternate investment managers globally with AUM of $433 billion). Mr. Bhasin is the founder of Genpact and the former CEO of GE Capital India and Asia; and Mr. Chawla has been the former CEO of GE Capital India and Asia’s Commercial Finance Business.

Together, Mr. Bhasin, Mr. Chawla and AION jointly acquired the commercial lending and leasing business of GE Capital India in September 2016 and rechristened it Clix Capital.

About Vymo

Vymo (www.getvymo.com) is the Sales Engagement Platform of choice for 65+ global Financial Institutions including HDFC Bank, SBI Life, Berkshire Hathaway, AIA, Generali, and Aditya Birla Finance. Vymo helps improve sales outcomes through bottom-up insights and interventions.

Vymo is recognized by Gartner® as a Representative Vendor in the Sales Engagement Market Guide and is funded by Bertelsmann India Investments, Emergence Capital, and Sequoia Capital.

For more information, visit www.getvymo.com

Related Links

Vymo for NBFC: https://www.getvymo.com/banking-sales-solutions/

Watch Vymo in action:  https://youtu.be/9saePnvir4M

Download Logo: https://bit.ly/33gXAHD

Media Contact:

Name: Gunjan Saha

Email: pr@getvymo.com

Photo: https://mma.prnewswire.com/media/1764672/Clix_Capital_digitizes_collections.jpg

Logo: https://mma.prnewswire.com/media/1026997/Vymo_Logo.jpg

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

With global events sparking uncertainty and infusing a fresh dose of volatility into the market, investors may be eager to trade risk for fixed returns. Bajaj Finance Fixed Deposit, for instance, removes the “fear factor” as its returns are not linked to the market’s performance. It offers an FD rate of up to 7.05% p.a. This FD provides a suite of benefits, including flexible investment tenors, AAA credit ratings, special rates for senior citizens, SIP-like investment options, and more. Read on to know more about the upsides to investing in the Bajaj Finance FD.

High level of investment security

Funds parked in the Bajaj Finance FD remain safe and are free from poor market performance. Investors enjoy a constant FD rate regardless of how the market goes. Investors can thus lock in their funds at a high interest rate and plan for future goals accurately with the FD calculator. There’s no need to worry about the maturity value changing.

Investors also enjoy a high degree of safety regarding the timely payment of interest payouts and the principal deposited. The Bajaj Finance FD has the ICRA MAAA rating and CRISIL FAAA rating. These indicate that the investment is entirely safe, and investors will get their returns as promised and on time.

Earn interest at a fixed FD rate of up to 7.05% p.a.

Regular customers below age 60 can secure an FD rate of up to 6.80% p.a. when investing for a tenor of 36 months or more. On the other hand, senior citizens get an extra FD rate benefit of 0.25% p.a., taking the interest rate up to a maximum of 7.05% p.a.

Investors can begin with a small initial deposit of Rs. 25,000 or more, and easily forecast their returns with the FD calculator. Below are some quick illustrations with payouts on maturity.

•  Non-Senior citizen

Initial Deposit	FD rate	Tenor	Maturity Value
Rs. 3,00,000	6.80% p.a.	60 months	Rs. 4,16,848

• Senior citizen

Initial Deposit	FD rate	Tenor	Maturity Value
Rs. 3,00,000	7.05% p.a.	60 months	Rs. 4,21,750

Align FD returns to life goals with ease

Bajaj Finance offers investors a flexible tenor of 12 to 60 months. Those with short-term goals can place their funds in a safe environment and take back boosted returns at the end of the tenor. Investors with mid-to-long-term goals can opt for a tenor of 36 months or more, as investments with such long tenors fetch the best FD rate.

With flexible investment tenors, investors can also employ the technique of laddering and thereby set up a steady stream of liquidity. For instance, instead of investing Rs. 10 lakh in a single FD for five years, one can choose to open five FDs worth Rs. 2 lakh each for tenors of 1, 2, 3, 4, and 5 years. Investors can opt to continue the cycle by reinvesting funds in an FD with a 5-year tenor when the first matures.

Enjoy multiple options for liquidity 

When investing in an FD, the best route is to take back the genuine interest and principal at maturity. It ensures the returns are the highest possible. However, investors may require liquidity at regular intervals. For instance, senior citizens may appreciate quarterly income for medical or day-to-day expenses. Bajaj Finance supports this by offering the option of frequent payouts every month, quarter, six months, or year. Effectively, investors can set up a steady income stream through their interest earnings.

Likewise, when investors are pressed for finances, they retain the option to withdraw funds prematurely after the initial lock-in period of 3 months. However, to preserve the investment and avoid loss of interest, investors can also avail of a loan against their FD.

Earn while saving with a Systematic Deposit Plan

The Systematic Deposit Plan (SDP) facility by Bajaj Finance works like a SIP, but each contribution books a new FD. Here, investors can start their savings with a sum of Rs. 5,000 each month. Making one deposit at a time, investors can gradually build a large corpus.

One can opt for a:

Single maturity plan: To have all the FDs mature on a single, fixed date. Here, the tenor of each FD must be necessarily adjusted.

Monthly maturity plan: To have all the FDs mature after a fixed, constant tenor and thereby receive interest every month after the first FD matures.

These impressive benefits make the Bajaj Finance FD a top choice for investors looking to inject stability into their portfolios. One can access all the product details on the customer portal – Experia. Moreover, investors can visit one of the 1,000+ Bajaj Finance branches across the country, or better, invest online to begin earning at a competitive FD rate right away!

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(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)