FD Interest Rates: (w.e.f 05 March 2020)

Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 05 March 2020)

Tenor in Months Minimum deposit (in Rs.) Cumulative Non-Cumulative
Monthly Quarterly Half Yearly Annual
12 – 23 25,000 7.60% 7.35% 7.39% 7.46% 7.60%
24 – 35 7.65% 7.39% 7.44% 7.51% 7.65%
36 - 47 7.70% 7.44% 7.49% 7.56% 7.70%
48 - 60 7.80% 7.53% 7.58% 7.65% 7.80%

Did you know? Bajaj Finance Fixed Deposit has the highest safety ratings of FAAA by CRISIL and MAAA by ICRA, so you can get assured returns up to 8.35%*. Invest now.

Amid falling interest rates and fluctuating market conditions, Fixed Deposit interest rates offered by financiers may not appear too attractive, but you can invest in a Bajaj Finance Fixed Deposit to reap the benefits of attractive interest rates of up to 8.35%. In addition to competitive interest rates, Bajaj Finance Limited offers several benefits that make it easy for you to invest and grow your savings.

However, your FD interest rates depend on the tenor, and interest payout frequency you choose. Bajaj Finance FD offers one of the best FD rates in India, which go up to 8.10% for new customers, up to 8.20% for existing BFL customers and up to 8.35% for senior citizens.

Along with the highest FD rates, you can look for high safety of your deposit, along with flexible tenors, periodic interest payouts, multi-deposit facility, auto-renewal facility and easy loan against FD. This ensures a hassle-free investment experience along with the benefit of growing your savings with the best FD rates in India.

Start your investment journey with Bajaj Finance FD, and make your savings grow easily.

Rate benefits basis customer category (w.e.f 05 March 2020):

+ 0.25% for senior citizens

+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders

Renewal:

+0.10% over and above the rate of interest at which the deposit is booked

Cumulative FD vs Non-cumulative FD:

Choose from Cumulative FDs (where interest is payable at the time of maturity) or Non-cumulative FDs (where interest may be payable at monthly, quarterly, half-yearly or annual basis).

Systematic Deposit Plan

For those who seek a reliable monthly savings plan, Systematic Deposit Plan (SDP) by Bajaj Finance is a great choice. This monthly savings option enables the customer to invest in small monthly deposits starting with just Rs. 5000. The maturity period of each monthly deposit under Systematic Deposit Plan shall range from 12 to 60 months. The depositor can choose to make 6 to 48 numbers of monthly deposits under Systematic Deposit Plan. All deposits made with SDP shall be cumulative FDs.

The interest rate prevailing on the date of each deposit will be applicable to that particular deposit, wherein each deposit under SDP shall be treated as a separate Fixed Deposit. Check out the table below to see the latest FD interest rates for Systematic Deposit Plan.



Tenor in Months
Cumulative rates of Interest
For New Depositors Special Category
For senior citizens For Bajaj Group employees,
Bajaj Finance Ltd Depositors and
Bajaj Allianz Life Insurance policyholders
12 – 23 7.60% 7.85% 7.70%
24 – 35 7.65% 7.90% 7.75%
36 - 47 7.70% 7.95% 7.80%
48 - 60 7.80% 8.05% 7.90%

How much interest will I get in 5 years?

If you invest in a Bajaj Finance Fixed Deposit for 5 years, you can grow your savings by more than 47%. To understand this, let’s assume that you’ve invested Rs. 1,00,000 for 5 years in a Bajaj Finance FD.

Here’s a table below to help you know the 5 years Fixed Deposit interest rates better:

Customer type Interest rate Interest amount Growth in savings
New customer 7.80% Rs. 45,577 45.57%
Existing customer 7.90% Rs. 46,254 46.25%
Senior citizen 8.05% Rs. 47,273 47.27%

Bajaj Finance Fixed Deposit offers attractive 5-year FD interest rates, so you can grow your savings easily. New customers can get ~47% of the investment amount as returns, existing customers or Bajaj employees can look to grow their savings by ~48% and senior citizens can grow their investment amount by ~49%.

Can I get monthly interest on Fixed Deposit?

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

Here’s an example to help you understand this better. Suppose you invest in a Bajaj Finance Fixed Deposit for 5 years, and choose to get interest on a monthly basis, here’s the interest income you can earn, each month:
 

Principal in Rs. Monthly payout for new customers Monthly payout for senior citizens
1,00,000 Rs. 651 Rs. 671
5,00,000 Rs. 3254 Rs. 3354
10,00,000 Rs. 6508 Rs. 6708

Is interest on FD taxable?

Yes. The interest on Fixed Deposit is fully taxable. The income you earn, is added to your total income and taxed at slab rates, applicable to your total income. It is then, shown under ‘Income from Other Sources’ in your Income Tax Return. In addition to Income Tax, banks and companies also deduct TDS on your interest income. You can also check your TDS on FD interest.

How to Choose Best FD Rates Scheme?

It is important to choose the right scheme for best Fixed Deposit rates, based on your requirement. You have the options to get your interest at the end of your maturity period, or opt for periodic payout options. In case 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 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 important to
When choosing the FD rate schemes, it is also important to make sure your company FD has the highest safety ratings, so that your principal amount is not at risk.

Is FD A Good Investment?

Investing in Fixed Deposit is best for risk-averse investors seeking a stable investment avenue to grow their savings. You can benefit from one of the best FD rates, flexible tenors, and choose periodic payout options. FDs are one of the best low-risk investment options that can help you increase your savings easily. You can get guaranteed returns, without any effect of market fluctuations.

What Is the Minimum And Maximum tenor For FD?

You can choose your tenor, when you invest in Bajaj Finance Fixed Deposits. You can choose a tenor between 12 and 60 months, and in case you choose to get periodic payouts, you can also choose the frequency of your periodic payouts.

Fixed Deposit Calculator

investment amount

Please enter investment amount

Please enter investment amount

investment rate

Please enter investment rate

investment tenor

Please enter investment tenor

fixed deposit returns

  • Interest rate :

    0%

  • Interest payout :

    Rs.0

  • Maturity by :

    --

  • Maturity amount :

    Rs.0

Please fill below details for quick investing

FULL NAME*

Please enter first name

MOBILE NUMBER*

Please enter mobile number

CITY*

Please enter city

EMAIL ID*

Please enter email id

CUSTOMER TYPE*

Please enter customer type

INVESTMENT AMOUNT*

Please enter investment amount

Please enter investment amount