Fixed Deposit (FD) Interest Rates

We advise you to check the latest FD interest rates before opening an FD.

FD rates for customers below 60 years

Revised interest rates for deposits starting at Rs. 15,000 up to Rs. 5 Crore (w.e.f November 22, 2022)
* Special interest rates are offered on tenure of 15, 18, 22,30,33, 39 and 44 months.

Tenure in months Cumulative FD (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 6.80% 6.60% 6.63% 6.69% 6.80%
15* 6.95% 6.74% 6.78% 6.83% 6.95%
16-17 6.80% 6.60% 6.63% 6.69% 6.80%
18* 7.00% 6.79% 6.82% 6.88% 7.00%
19-21 6.80% 6.60% 6.63% 6.69% 6.80%
22* 7.10% 6.88% 6.92% 6.98% 7.10%
23 6.80% 6.60% 6.63% 6.69% 6.80%
24-29 7.25% 7.02% 7.06% 7.12% 7.25%
30* 7.30% 7.07% 7.11% 7.17% 7.30%
31-32 7.25% 7.02% 7.06% 7.12% 7.25%
33* 7.30% 7.07% 7.11% 7.17% 7.30%
34-35 7.25% 7.02% 7.06% 7.12% 7.25%
36-38 7.50% 7.25% 7.30% 7.36% 7.50%
39* 7.60% 7.35% 7.39% 7.46% 7.60%
40-43 7.50% 7.25% 7.30% 7.36% 7.50%
44* 7.70% 7.44% 7.49% 7.56% 7.70%
45-60 7.50% 7.25% 7.30% 7.36% 7.50%

FD rates for senior citizens (customers above 60 years) (0.25% p.a. additional)

Revised interest rates for deposits starting at Rs. 15,000 up to Rs. 5 Crore (w.e.f November 22, 2022) 
*Special interest rates are offered on tenure of 15, 18, 22, 30, 33, 39 and 44 months

Tenure in months Cumulative FD (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 7.05% 6.83% 6.87% 6.93% 7.05%
15* 7.20% 6.97% 7.01% 7.08% 7.20%
16-17 7.05% 6.83% 6.87% 6.93% 7.05%
18* 7.25% 7.02% 7.06% 7.12% 7.25%
19-21 7.05% 6.83% 6.87% 6.93% 7.05%
22* 7.35% 7.11% 7.16% 7.22% 7.35%
23 7.05% 6.83% 6.87% 6.93% 7.05%
24-29 7.50% 7.25% 7.30% 7.36% 7.50%
30* 7.55% 7.30% 7.35% 7.41% 7.55%
31-32 7.50% 7.25% 7.30% 7.36% 7.50%
33* 7.55% 7.30% 7.35% 7.41% 7.55%
34-35 7.50% 7.25% 7.30% 7.36% 7.50%
36-38 7.75% 7.49% 7.53% 7.61% 7.75%
39* 7.85% 7.58% 7.63% 7.70% 7.85%
40-43 7.75% 7.49% 7.53% 7.61% 7.75%
44* 7.95% 7.67% 7.72% 7.80% 7.95%
45-60 7.75% 7.49% 7.53% 7.61% 7.75%

Yield Table

The term "yield" describes the profits produced and realised on an investment over a specific time frame. It is shown as a percentage based on the amount invested, the security's current market value, or its face value. The interest earned by customers on the investment is also included in yield.

Yield is calculated as:

Yield = Net Realized Return / Principal Amount

For a minimum amount of Rs. 15,000 the interest rate and the yield rate for both customers below 60 years and senior citizens is mentioned below.

Period
(in months)
Customer below 60 years of age Payable Amount
(Rs.)
Senior citizens Payable Amount
(Rs.)
Interest rates
(p.a.)
Yield
(p.a.)
Interest rates
(p.a.)
Yield
(p.a.)
w.e.f. 22 Nov 2022 w.e.f. 22 Nov 2022 w.e.f.  22 Nov 2022 w.e.f.  22 Nov 2022
12 6.80% 6.80% 16,020 7.05% 7.05% 16,058
15 6.95% 7.01% 16,314 7.20% 7.26% 16,362
18 7.00% 7.12% 16,602 7.25% 7.38% 16,660
22 7.10% 7.31% 17,010 7.35% 7.57% 17,083
24 7.25% 7.51% 17,254 7.50% 7.78% 17,334
30 7.30% 7.70% 17,889 7.55% 7.98% 17,994
33 7.30% 7.77% 18,207 7.55% 8.06% 18,324
36 7.50% 8.08% 18,634 7.75% 8.37% 18,765
39 7.60% 8.27% 19,032 7.85% 8.57% 19,176
44 7.70% 8.52% 19,689 7.95% 8.83% 19,857
60 7.50% 8.71% 21,534 7.75% 9.05% 21,786

 

How to invest in a fixed deposit

A step-by-step guide to book a fixed deposit

  1. Click on ‘Open FD’ at the top of this page to open our online application form.
  2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
  3. Fill in the investment amount and choose the investment tenure and payout frequency.
  4. Enter your PAN card and date of birth.
  5.  Complete your KYC: If you are an existing number, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar.
  6. Mention your family details and a nominee (optional) for your fixed deposit.
  7. A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
  8. Complete your investment using NetBanking/ UPI or Debit Card.

    Once your fixed deposit is booked, you will receive the Fixed Deposit Acknowledgement (FDA) on your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be sent to your email ID within 3 working days (subject to documents being in the correct order).

Frequently asked questions

Can I get monthly interest on my fixed deposit?

Yes, you can always choose periodic interest payouts and opt for monthly interest on your Fixed Deposit. To calculate the monthly fixed deposit interest amount, you can use FD Interest Calculator

Is interest on FD taxable?

Yes, the fixed deposit interest is fully taxable. The interest you earn is added to your total income and taxed at slab rates applicable to your total income. Your income tax return is shown under 'Income from Other Sources. In addition to income tax, banks and companies also deduct TDS on your interest income. You can also check your TDS on FD interest

What is the interest rate applicable for fixed deposits?

When investing in a fixed deposit for a specific tenor, you gain returns on your deposit based on the latest fixed deposit rates offered by your FD issuer. The current fixed deposit rates are low, but you can get the dual benefit of safety and high returns with a Bajaj Finance Fixed Deposit with the latest FD.
Bajaj Finance Fixed Deposit offers highest FD rates on an investment for a tenure of 44 months.

How to choose the best FD scheme with high fixed deposit rates?

Choosing the right scheme for the best-fixed deposit rates is essential, based on your requirement. You have the option to get your interest at the end of your maturity period or opt for periodic payout options. If 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 fixed deposit 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 essential to make sure your NBFC FD has the highest safety ratings so that your principal amount is not at risk.

How much interest will I get in 5 years?

With Bajaj Finance you can invest for a tenure of 12-60 months. For a tenure of 5 years senior citizens can get FD rates up to 7.75% p.a. and customers below 60 years of age can get returns up to 7.50% p.a. For Bajaj Finance Fixed Deposit, the highest FD rates are offered for a tenure of 44 months. You can use the FD calculator to know the FD interest earned on your investment.

Disclaimer:

Actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.