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Tata Digital on Tuesday announced its foray into the retail investment space with the launch of its fixed deposits marketplace on the superapp Tata Neu. Customers can invest in fixed deposits through the marketplace with leading financial institutions at interest rates of up to 9.1 per cent without the need for a savings bank account, the company said in a statement. "With our fixed deposit marketplace, we aim to democratise access to high-yield, fixed-return instruments from multiple trusted providers. "This simple and secure platform is designed to offer competitive interest rates, empowering both seasoned investors and newcomers to grow their wealth confidently and effortlessly," Tata Digital Chief Business Officer, Financial Services, Gaurav Hazrati said. The company said customers invest as little as Rs 1,000. With bank investments insured up to Rs 5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), they get safety and complete peace of mind. Customers c
Bajaj Finance Ltd (BFL), part of Bajaj Finserv Ltd, has reported a growth of 21 per cent in its Fixed Deposit (FD) book to Rs 66,131 crore as on September 30, 2024, a senior company official has said. The company's total customer franchise stood at 92.09 million as of September 30, 2024 and net users on its App platform stood at 61.67 million. "The Bajaj Group's century-old legacy of trust resonates across generations of Indian families. Bajaj Finserv is founded on the business philosophy of the Bajaj Group, which has encouraged people across demographics to choose its FDs," Sachin Sikka, Executive Vice President Deposits, Investments, Rewards and EMI Cards, Bajaj Finance, said. Senior citizens can avail FD rates of up to 8.85 per cent and non-senior citizens can take benefit of rates of up to 8.65 per cent, by booking digitally in the 42 months tenure, Sikka said. Bajaj Finance has seen deposits growing in Punjab and Haryana, where senior citizens constitute nearly two-thirds of i