FD rates for 1 year
Those who foresee funding a financial goal in the future can start saving and investing in financial instruments that assure capital safety. The Fixed Deposit is one such tool. These tools not only keep your capital safe but also enable growth. The only apprehension is that these fixed-income instruments have lower interest rates. However, Bajaj Finance is one such financier that provides one of the highest FD rates. Fixed deposits offered by Bajaj Finance are good investment options in the long run and great for short-term investments.
If you have a short term financial goal that requires a sizeable chunk of money, keeping your corpus in a savings account won’t help much. Instead, you can invest in an FD for one year. It will keep the money safe and help you grow your savings at the best FD rates for one year, i.e. a higher rate than savings accounts. If you are looking to pay an apartment or car down payment in a year or plan to travel abroad in a year, which will need a significant chunk of money, in that case, investing in a Bajaj Finance Fixed Deposit will help you achieve it seamlessly. Bajaj Finance offers one of the highest FD interest rates for one year.
Bajaj Finance FD offers fixed deposit interest rates up to 8.35% p.a. for non-senior citizens. Senior citizens can earn up to 8.60% p.a. They get an additional rate benefit of up to 0.25% p.a. p.a. on their deposits. The interest rates applicable to deposits made up to Rs. 5 Cr are below.
Here’s a look at the interest rates offered to investors below 60 years of age.
Tenure in months |
Cumulative (interest +principal amount paid at maturity) | Non-cumulative (interest paid at a defined frequency, principal paid at maturity) |
|||
| At Maturty (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half Yearly (p.a.) | Annual (p.a.) | |
| 12-14 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 15* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
| 16-17 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 18* | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 19-21 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 22* | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
| 23 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 24 | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% |
| 25-29 | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% |
| 30* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
| 31-32 | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% |
| 33* | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 44-35 | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% |
| 36-38 | 8.05% | 7.77% | 7.82% | 7.89% | 8.05% |
| 39* | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 40-43 | 8.05% | 7.77% | 7.82% | 7.89% | 8.05% |
| 44* | 8.35% | 8.05% | 8.10% | 8.18% | 8.35% |
| 45-60 | 8.05% | 7.77% | 7.82% | 7.89% | 8.05% |
Also, senior citizens get additional rate benefits of 0.25% p.a. on their deposits.
Here’s a table of the latest interest rates senior citizens can get on their deposits.
Tenure in months |
Cumulative (interest +principal amount paid at maturity) | Non-cumulative (interest paid at a defined frequency, principal paid at maturity) | |||
| At Maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half Yearly (p.a.) | Annual (p.a.) | |
| 12-14 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 15* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
| 16-17 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 18* | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 19-21 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 22* | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 23 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 24 | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% |
| 25-29 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 30* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
| 31-32 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 33* | 8.00% | 7.72% | 7.77% | 7.85% | 8.00% |
| 34-35 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 36-38 | 8.30% | 8.00% | 8.05% | 8.13% | 8.30% |
| 39 | 7.85% | 7.58% | 7.63% | 7.70% | 7.85% |
| 40-43 | 8.30% | 8.00% | 8.05% | 8.13% | 8.30% |
| 44* | 8.60% | 8.28% | 8.34% | 8.42% | 8.60% |
| 45-60 | 8.30% | 8.00% | 8.05% | 8.13% | 8.30% |
As the tables suggest, you can get one of the best FD rates for one year.
If a citizen aged below 60 chooses to invest Rs. 5,00,000 in a one year FD with Bajaj Finance, they can get up to Rs. 5,28,250 at maturity. Similarly, if a senior citizen invests in an FD for one year, they can get a generous sum of Rs. 5,29,500 at the end of the tenor.
The interest rates for a one-year FD are better compared to 1 year RD interest rates. Apart from the interest rates, there are a few more reasons to invest in this instrument for a short tenor.
You can calculate the interest returns with the help of Fixed Deposit Interest Calculator.
Features and benefits
- 1 Minimum deposit amount of Rs. 15,000 per month
- 2 Attractive interest rates go up to 8.60% p.a.
- 3 Decide to invest in flexible tenors between 12 to 60 months
- 4 Special interest rates for special tenors
- 5 Select payout frequency as per liquidity requirements
- 6 Invest from anywhere anytime within minutes
- 7 Security of returns
Bajaj Finance online Fixed Deposit is an investment haven, as it guarantees the highest deposit safety. It has been credited with the highest safety ratings of (FAAA) and (MAAA) by CRISIL and ICRA. These are the leading credit rating agencies in India.
To get the highest FD rates for 1 year, choose to invest in an FD with Bajaj Finance.
