Why should you opt for the Savings+ facility?
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Relatively better returns
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With the Savings+ facility, you can yield relatively better returns on your surplus money as compared to the regular savings/current account.
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Hassle-free investment
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Invest with Savings+ conveniently through website. Also, there are no additional or hidden charges to avail the Savings+ facility.
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Instant redemption
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With the 'insta redemption' facility, up to Rs.50,000 or 90% of the balance can be redeemed and processed instantly.
What makes Savings+ an appealing proposition?
Differentiated proposition
- With a regular savings account, investors may not be able to generate inflation-beating returns. To combat this, Bajaj Finserv AMC has introduced Savings+, a unique facility that allows investors to manage their idle money smartly
Return potential
- It helps retail investors determine the surplus cash available in their savings account and invest it into Bajaj Finserv Liquid Fund/Bajaj Finserv Overnight Fund. Liquid funds have generated 6.86%* return as compared to 3% in regular savings account in CY 2023
Insta-redemption
- With Savings+, investors can instantly redeem up to Rs 50,000 within a few seconds
*Liquid Fund Category Average Reg-Growth from 1st Jan 23 to 1st Jan 24 Source: ICRA MFI Average rate of savings account is 3% taken from saving rates of top 3 bank Past performance does not guarantee future returns
^In bank account, returns are fixed, whereas in mutual funds, returns are subject to market risk.
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Frequently Asked Questions
Only the accounts from the bank added during onboarding or by the distributor for DIT journeys will be discovered. Multiple bank discovery is not supported.
Yes, all individual accounts in the same bank, including savings and current accounts (excluding joint accounts), will be discovered.