FD interest rates - Check the latest fixed deposit rates in India

Invest in a Bajaj Finance Fixed Deposit for a fixed tenor as per your convenience and grow your savings at high FD interest rates. Bajaj Finance offers attractive fixed deposit interest rates up to 7.50% p.a.* for citizens aged below 60 and 7.75% p.a.* for senior citizens. Senior citizens get an additional fixed deposit rate benefit up to 0.25% p.a. on their deposits. With market-linked instruments, one needs to have a significant risk appetite as the volatile nature of the market can affect returns. However, Bajaj Finance FD offers high FD rates and the security that investors’ money is entirely safe and remains unaffected by market conditions.

Annual rate of interest for customers below 60 years for deposits from Rs. 15,000 up to Rs. 5 Crore
(w.e.f July 1, 2022)
Tenor in months 12 – 23 24 – 35 36 – 60
Cumulative 6.20% p.a. 6.95% p.a. 7.40% p.a.
Monthly 6.03% p.a. 6.74% p.a. 7.16% p.a.
Quarterly 6.06% p.a. 6.78% p.a. 7.20% p.a.
Half-yearly 6.11% p.a. 6.83% p.a. 7.27% p.a.
Annual 6.20% p.a. 6.95% p.a. 7.40% p.a.

 

Annual rate of interest for senior citizens for deposits from Rs. 15,000 up to Rs. 5 Crore (w.e.f July 1, 2022)

Tenor in months

Cumulative

Non-Cumulative

At Maturity

(% p.a.)

Monthly

(% p.a.)

Quarterly

(% p.a.)

Half Yearly

(% p.a.)

Annual

(% p.a.)

12 - 23 months

6.45% p.a.

6.27% p.a.

6.30% p.a.

6.35% p.a.

6.45% p.a.

24 - 35 months

7.20% p.a.

6.97% p.a.

7.01% p.a.

7.08% p.a.

7.20% p.a.

36 - 60 months

7.65% p.a.

7.39% p.a.

7.44% p.a.

7.51% p.a.

7.65% p.a.


Special FD interest rates for cumulative deposits

Tenor in months

15

18

22

30

33

44

At Maturity

(For customers below 60 years)

6.40% p.a. 6.50% p.a. 6.65% p.a. 7.05% p.a. 7.15% p.a. 7.50% p.a.

At Maturity (For senior citizens)

6.65% p.a.

6.75% p.a.

6.90% p.a.

7.30% p.a.

7.40.% p.a.

7.75% p.a.


Non-cumulative Deposit special FD interest rates for customers below 60 years

Tenor in months

15

18

22

30

33

44

Monthly

6.22% p.a.

6.31% p.a.

6.46% p.a.

6.83% p.a.

6.93% p.a.

7.25% p.a.

Quarterly

6.25% p.a.

6.35% p.a.

6.49% p.a.

6.87% p.a.

6.97% p.a.

7.30% p.a.

Half Yearly

6.30% p.a.

6.40% p.a.

6.54% p.a.

6.93% p.a.

7.03% p.a.

7.36% p.a.

Annual

6.40% p.a.

6.50% p.a.

6.65% p.a.

7.05% p.a.

7.15% p.a.

7.50% p.a.


Non-cumulative Deposit special FD interest rates for senior citizens

Tenor in months

15

18

22

30

33

44

Monthly

6.46% p.a.

6.55% p.a.

6.69% p.a.

7.07% p.a.

7.16% p.a.

7.49% p.a.

Quarterly

6.49% p.a.

6.59% p.a.

6.73% p.a.

7.11% p.a.

7.20% p.a.

7.53% p.a.

Half Yearly

6.54% p.a.

6.64% p.a.

6.79% p.a.

7.17% p.a.

7.27% p.a.

7.61% p.a.

Annual

6.65% p.a.

6.75% p.a.

6.90% p.a.

7.30% p.a.

7.40% p.a.

7.75% p.a.


Rate benefits basis customer category (w.e.f July 1, 2022)

  • Additional rate benefits up to 0.25% p.a. for senior citizens

* Conditions Apply

With Bajaj Finance FDs, you can make the most of the flexible tenors, periodic interest payouts, easy renewal facility, loan against FD apart from attractive fixed deposit rates. Those below 60 years of age can earn fixed deposit interest rates of up to 7.50% p.a. by investing online, whereas senior citizens can get secured returns of up to 7.75% p.a., one of India's best fixed deposit interest rates.

Start your investment journey with Bajaj Finance FD, and multiply your savings. For those looking to invest in a fixed deposit, here are the latest FD interest rates offered by Bajaj Finance on cumulative deposits, with payouts at maturity, w.e.f July 1, 2022.

Features of Bajaj Finance Fixed Deposit

Interest rate

Up to 7.75% p.a.

Minimum tenor

1 Year

Maximum tenor

5 Years

Deposit amount

Min- Rs. 15,000

Application process

Easy online paperless process

Online payment options

Net Banking and UPI

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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 Monthly 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.

Is FD a good investment instrument?

Investing in a 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 fixed deposit 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 quickly. You can get secured returns without any effect of market fluctuations.

What are the minimum and maximum tenors 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 select the frequency of your periodic payouts.

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 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 40%. To understand this, let's assume that you've invested Rs. 1,00,000 for 44 months in a Bajaj Finance FD.

Here's a table below to help you know the 44 months fixed deposit interest rates better:

Customer type

Interest rate

Interest payout

Maturity amount

Citizens aged below 60 years

7.50% p.a.

Rs. 30,366

Rs. 1,30,366

Senior citizens

7.75% p.a.

Rs. 31,481

Rs. 1,31,481

Bajaj Finance Fixed Deposit offers attractive 5 year FD interest rates to grow your savings efficiently. Customers who invest offline can get up to 40% of the investment amount as returns. Customers investing online can increase their savings by 41%, and senior citizens can grow their investment up to 42%.

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 company 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.

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