Fixed Deposit (FD) Interest Rates

We advise you to check the latest 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%

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. You can also upload documents through DigiLocker or manually. 
  6. Enter additional details like occupation, annual income, and marital status. 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.

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.

What are the factors that affect FD interest rates?

The FD interest rates in India rely on the RBI regulations. Change in the repo rate by the RBI affect commercial banks' interest rates. This in turn, affects the receivable returns on maturity. However, Bajaj Finance, being an NBFC, is not directly controlled by the central bank. Their fixed deposit interest rates remain relatively immune to the changes brought about by the cuts in policy rates.

Disclaimer:

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