FD rates for 2 years

If you have a short-term financial goal to fulfil saving and setting aside the savings in a stable investment tool is a wise way of getting things done seamlessly. To accomplish this task, you should consider investing in tools that keep your capital safe and facilitate the growth of your money. Fixed-income instruments like the good old Fixed Deposit are sound investment tools that can help you in achieving these short-term goals. Bajaj Finance offers one of the highest FD rates amongst NBFCs that provide the FD facility. Fixed deposits offered by Bajaj Finance are smart investment options in the long run as well as for short-term investments.

Say an individual is planning to get married in 2 years which will require a substantial amount of money. Instead of just saving surplus in a savings or RD account they can go for an FD for 2 years. With decent 2 year FD interest rates, they can earn a substantial amount over and above the initial deposit amount. This will keep the corpus safe and help them grow their savings at the best FD rates for 2 years, i.e. a significantly higher rate than savings accounts. If you are someone who’s also anticipating a milestone in life which might require a free flow of cash then planning to invest in a Bajaj Finance Fixed Deposit will help you achieve it effortlessly. Bajaj Finance offers one of the highest FD interest rates for 2 years.

Bajaj Finance FD offers fixed deposit interest rates up to 7.35% p.a. for non-senior citizens. Senior citizens can earn up to 7.60% p.a... as they get an additional rate benefit of up to 0.25% p.a. on their deposits. The interest rates applicable on deposits made up to Rs. 5 Cr are given below.

Here’s a look at the interest rates offered to investors below 60 years of age.

The annual rate of interest is valid for deposits from Rs. 15,000 to Rs. 5 Crore (w.e.f June 14, 2022)

Tenor in months

12 - 23 months

24 - 35 months

36 - 60 months

At Maturity

5.85% p.a.

6.60% p.a.

7.20% p.a.

Monthly

5.70% p.a.

6.41% p.a.

6.97% p.a.

Quarterly

5.73% p.a.

6.44% p.a.

7.01% p.a.

Half Yearly

5.77% p.a.

6.49% p.a.

7.08% p.a.

Annual

5.85% p.a.

6.60% p.a.

7.20% p.a.


Special Interest rate change for investors below 60 years of age.

Tenor in months

15 months

18 months

At Maturity

6.05% p.a.

6.15% p.a.

Monthly

5.89% p.a.

5.98% p.a.

Quarterly

5.92% p.a.

6.01% p.a.

Half Yearly

5.96% p.a.

6.06% p.a.

Annual

6.05% p.a.

6.15% p.a.


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.

The annual rate of interest is valid for deposits from Rs. 15,000 to Rs. 5 Crore (w.e.f June 14, 2022)

Tenor in months

At Maturity

Monthly

Quarterly

Half Yearly

Annual

12 - 23 months

6.10% p.a.

5.94% p.a.

5.97% p.a.

6.01% p.a.

6.10% p.a.

24 - 35 months

6.85% p.a.

6.64% p.a.

6.68% p.a.

6.74% p.a.

6.85% p.a.

36 - 60 months

7.45% p.a.

7.21% p.a.

7.25% p.a.

7.32% p.a.

7.45% p.a.


Special interest rates are also applicable for specific tenors

Tenor in months

At Maturity

Monthly

Quarterly

15 months

6.30% p.a.

6.13% p.a.

6.16% p.a.

18 months

6.40% p.a.

6.22% p.a.

6.25% p.a.

22 months

6.55% p.a.

6.36% p.a.

6.40% p.a.

30 months

6.95% p.a.

6.74% p.a.

6.78% p.a.

33 months

7.20.% p.a.

6.97% p.a.

7.01% p.a.

44 months

7.60% p.a.

7.35% p.a.

7.39% p.a.


As you can see from the tables given above that you can get one of the best FD rates for 2 years.
Consider an example where a citizen aged below 60 chooses to invest Rs. 10,00,000 in a 2 years FD with Bajaj Finance they will get Rs. 10,56,500 at maturity. Similarly, if a senior citizen invests in an FD for 2 years they can get a handsome amount of Rs. 10,59,000 at the end of the 2-year tenor.
Investors can also benefit from a suite of other benefits apart from the high FD interest rates. Here are a few more reasons to invest in a Bajaj Finance FD for a short tenor.

Features and benefits

  1. 1 Low initial deposit amount of Rs. 15,000 per month
  2. 2 One of the highest FD interest rates, going up to 7.60% p.a.
  3. 3 Flexible tenors between 12 to 60 months
  4. 4 Special interest rates for special tenors
  5. 5 Select payout frequency as per liquidity requirements
  6. 6 Invest online anywhere anytime under 10 minutes
  7. 7 Safety of returns

Bajaj Finance online Fixed Deposit is a very safe investment instrument that guarantees the safety of your money. It has been credited with the highest safety ratings of (FAAA) and (MAAA) by CRISIL and ICRA respectively. These are the leading credit rating agencies in India.

Why wait? Invest online and lock in the highest FD rates for 2 years with Bajaj Finance online Fixed Deposit.