| Tenor in Months | Minimum deposit (in Rs.) | Cumulative | Non-Cumulative | |||
|---|---|---|---|---|---|---|
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 25,000 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 24 – 35 | 7.90% | 7.63% | 7.68% | 7.75% | 7.90% | |
| 36 - 60 | 8.10% | 7.81% | 7.87% | 7.94% | 8.10% | |
Rate benefits basis customer category (w.e.f. 07 December 2019):
+ 0.25% for senior citizens
+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
Renewal: +0.10% over and above the rate of interest at which the deposit is booked
Cumulative FD vs Non-cumulative FD:
Choose from Cumulative FDs (where interest is payable at the time of maturity) or Non-cumulative FDs (where interest may be payable at monthly, quarterly, half-yearly or annual basis).
Yes. You can always choose the option for periodic interest payouts, and opt for monthly interest on your fixed deposit.
Yes. The interest on fixed deposit is fully taxable. The income you earn, is added to your total income and taxed at slab rates, applicable to your total income. It is then, shown under ‘Income from Other Sources’ in your Income Tax Return. In addition to Income Tax, banks and companies also deduct TDS on your interest income.
Investing in Fixed Deposits is best for risk-averse investors seeking a stable investment avenue to grow their savings. You can benefit from one of the best FD rates, flexible tenors, and choose periodic payout options. FDs are one of the best low-risk
It is important to choose the right scheme for best fixed deposit rates, based on your requirement. You have the options to get your interest at the end of your maturity period, or opt for periodic payout options. In case you’d like to tend to your regular expenses, you can choose the option of periodic payouts, but if you’d like a lump sum amount at the end of your tenor, you can choose to get your interest at the end of your tenor. Some investors also consider the current FD rates, when planning to invest. While this may be a great way to grow your savings, it is also important to When choosing the FD rate schemes, it is also important to make sure your company FD has the highest safety ratings, so that your principal amount is not at risk.
You can choose your tenor, when you invest in Bajaj Finance Fixed Deposits. You can choose a tenor between 12 and 60 months, and in case you choose to get periodic payouts, you can also choose the frequency of your periodic payouts.