Fixed Deposit (or FD) is a low-risk financial instrument that helps in growing savings at a fixed rate of interest, which is higher than interest offered by savings accounts.. The convenience of investing along with the safety of your deposit can help you plan your short-term and long-term goals easily.
At Bajaj Finance Limited, you get attractive FD interest rates of upto 7.35%, so you can save for your goals easily. Investing in a Bajaj Finance Fixed Deposit is easy, as you can invest from the comfort of your home through an end-to-end paperless investment process.
In today’s times of increasing market volatilities, investing in a Bajaj Finance Fixed Deposit can help you get assured returns and steady growth of capital so you can build your savings with no effect of market fluctuations.
DID You Know ? Bajaj Finance is now offering interest rates of upto 7.00% on fixed deposit and 0.25% more for senior citizens. What's more, online investors get 0.10% extra (not applicable for senior citizens) - Invest Online
|Interest Rate||Ranging from 6.15% to 7.25%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Minimum deposit of Rs. 25,000|
|Application Process||Easy online paperless process|
|Online Payment Options||Netbanking and UPI|
Bajaj Finance Fixed Deposit offers a lucrative interest rate of up to 7.10%, which can go up to 7.35% for senior citizens. Investing in this FD can help you accumulate your wealth and grow your corpus, with assured returns.
For senior citizens seeking safe investment avenues to invest their life savings, there are several benefits of fixed deposit. As a senior citizen, you can easily gain additional rate benefit of 0.25% over and above the regular interest rate, with a Bajaj Finance Fixed Deposit. Senior citizens can also choose the option of periodic payouts, to fund regular expenses. Find out more about the Senior Citizen Fixed Deposit .
For Non-resident Indians (NRIs), Overseas Citizen of India (OCI) and Person of Indian Origin (PIO), investing in a Bajaj Finance NRI Fixed Deposit is a great option. With this option, NRI/OCI/PIO with an NRO account, can easily choose tenors between 12 months and 36 months. New customers can reap the benefits of attractive interest rates of up to 7.00%, whereas senior citizens can get FD interest rates up to 7.25%.
Bajaj Finance Fixed Deposit offers Systematic Deposit Plan (SDP), which is a monthly saving option to help customers save small monthly deposits in a disciplined manner. The tenor of each monthly deposit under SDP shall be for a minimum period of 12 months to a maximum period of 60 months. The depositor will have option to choose between 6 to 48 numbers of monthly deposits under SDP. The interest rate prevailing on the date of each deposit will be applicable to that particular deposit.
Under Systematic Deposit Plan, Bajaj Finance is now offering two schemes – Monthly Maturity Scheme and Single Maturity Scheme to cater to requirements of different savers.
With Monthly Maturity Scheme, you can get your maturity proceeds on a monthly basis, while the Single Maturity Scheme helps you get maturity proceeds of all your deposits on a single day. Find out more about Systematic Deposit Plan.
Bajaj Finance Fixed Deposit is one of the safest investment options for investors, regardless of their risk type. Bajaj Finance Fixed Deposit has the highest stability ratings with CRISIL’s FAAA/Stable rating and ICRA’s MAAA (stable) rating, so your investments are never at risk.
When investing in a Bajaj Finance Fixed Deposit, you can choose the tenor between 12 and 60 months, to suit your financial needs. This can help you with your liquidity needs, and you can ladder your investments to enjoy a higher cash inflow.
If you’d like to know your maturity amount and returns on your FD in advance, consider using FD Calculator to plan your finances beforehand.
The minimum deposit required to invest in a Bajaj Finance Fixed Deposit is Rs. 25,000, which makes it easier to invest. With this minimum deposit amount, you can start investing any time, without having to wait to accumulate a larger corpus. Even with a smaller minimum deposit amount, you can ladder your investments, and earn better returns.
You can now invest in a Bajaj Finance online FD through an easy online application process that saves you time and trouble. Save the hassle of submitting lengthy documentation, or waiting in queues to open your Fixed Deposit with Bajaj Finance. Instead, reap the benefit of an end-to-end online Fixed Deposit process that enables you to lock into attractive FD rates within a few minutes
In case of emergencies, you can withdraw prematurely from the fixed deposit, post the initial lock-in period of 3 months. However, in order to avoid loss of interest, you can choose to avail a Loan against Fixed Deposit, where you can take an easy loan. However, the amount of your Loan against FD cannot be more than 75% of FD value.
Invest in FDs using debit cards (available in select locations only).
When filling your FD application form, you can choose to auto-renew your FD and save the hassle of filling in the renewal form again during maturity.
When filling your FD application form, you can also choose to invest in multiple deposits through a single cheque payment. Opt for different tenors and interest payment frequencies for each of these deposits. In case you need urgent cash, you can prematurely withdraw from a single deposit, without having to break all other deposits.
Investing in a Bajaj Finance Fixed Deposit offers you a balance of convenient investment process, lucrative interest rates of up to 7.35%, and safety of your deposits, which makes it one of the safest investment option for you to grow your savings easily.
To invest in a Bajaj Finance Fixed Deposit, you can start investing with an amount of Rs. 25,000. In case you wish to deposit an amount higher than Rs. 5 crore, you need to get in touch with our representative.
Yes, monthly interest on a Fixed Deposit can be obtained by selecting non-cumulative FD plan at the time of investing. This is primarily for customers seeking a fixed income on a regular basis from their investment.
With the non-cumulative scheme by Bajaj Finance, customers can choose to fund their regular expenses by getting periodic income. The proceeds can be taken out monthly, quarterly, semi-annually or annually, as per the selected tenor.
The only drawback of the monthly interest payment is that it has a lower interest rate when compared to interest payment upon maturity of the FD. To check monthly interest rates, use our FD Calculator.
Investing in a Bajaj Finance Fixed Deposit is very easy. If you’re an existing customer, you can easily visit our online investment form and invest right away. New customers can also fill the online application form and get started on your investment journey. You can also visit any of our FD branches and invest through debit card or cheque.
Yes, Fixed Deposit is one of the safest investment avenues as your principal amount remains safe and there is no effect of market fluctuations. However, to ensure highest safety of your deposit, you must choose the right FD issuer.
Consider investing in a Bajaj Finance FD, which carries the highest stability ratings of FAAA/Stable by CRISIL and MAAA (stable) by ICRA. This indicates that your investments are never at risk, and you can be assured of timely payments and a default-free experience.
The minimum period for a Bajaj Finance Fixed Deposit is 12 Months.
Investing in Fixed Deposit is a good option considering the stability of the returns. The following reasons explain how FD is a good option:
Flexible Period of investment: Bajaj Finance offers tenors ranging from 12 months to 60 months. The interest rate varies according to the chosen tenor.
Auto-Renewal Facility: Choosing to auto-renew FD can help you earn an additional rate benefit of 0.10%.
Loan Facility: For those looking for access to emergency funds, Bajaj Finance also offers a Loan against FD facility to cater to urgent financing needs.
TDS Limit: The proceeds earned from a Fixed Deposit investment are exempt from TDS if they fall under a certain threshold amount, which is Rs. 40,000 for non-senior citizens and Rs. 50,000 for senior citizens.
There is a fixed lock-in period of 3 months, when investing in a Bajaj Finance Fixed Deposit. While there is no penalty on withdrawing your deposit before maturity, you may incur losses in terms of interest you could earn. To help you avoid incurring such losses, Bajaj Finance offers an easy Loan against Fixed Deposit, so you can cater to your urgent finance requirements, without having to break your FD.
Fixed deposit allows you to invest your funds for a fixed term and earn returns at a fixed interest rate. The interest rate on your FD is higher than savings account, so you can grow your savings furthermore.
Here’s how you can invest in FD to save money easily.