Bajaj Finance Best Investment Plans

Fixed Deposit Interest Rates - Oct 2021

FD Interest Rates- Check Latest Fixed Deposit Rates in India

Bajaj Finance FD offers lucrative FD rates up to 6.50% to individuals below 60 years of age, along with an additional rate benefit of 0.10% for investing online (not applicable to senior citizens). On the other hand, senior citizens can earn assured returns of up to 6.75% on their deposit by choosing 36 months or more tenors.

Features of Bajaj Finance Fixed Deposit

Interest rate Ranging from 5.65% to 6.75%
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 Net Banking and UPI

Did you know? Bajaj Finance is now offering interest rates up to 6.50% for non-senior citizens and an additional 0.25% rate benefit for senior citizens. What's more, online investors can avail of an additional rate benefit of 0.10% (not applicable to senior citizens). Invest Now

Bajaj Finance Fixed Deposit rates 2021

Tenor(Months) Non senior citizens Senior Citizen FD interest rates
12 – 23 5.51% - 5.65% 5.75% - 5.90%
24 – 35 5.94% - 6.10% 6.17% - 6.35%
36 - 60 6.31% - 6.50% 6.55% - 6.75%

Fixed Deposit Interest Rates 2021

The benefits of investing in a Bajaj Finance Fixed Deposit go beyond attractive FD interest rates. You can also make most of the flexible tenor, periodic interest payouts, auto-renewal facility and an easy-to-avail loan against FD. Those below 60 years of age can earn high fixed deposit interest rates of up to 6.60% by investing online. In contrast, senior citizens can get assured returns of up to 6.75%, one of India’s highest fixed deposit interest rates. This ensures a hassle-free investment experience along with the benefit of growing your savings with the best fixed deposit rates in India.

Start your investment journey with Bajaj Finance FD and make your savings grow. 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, with effect from 12 May 2021. Check out the latest interest rates below.

Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 12 May 2021)

Tenor in months Minimum deposit (in Rs.) Cumulative Non-Cumulative
Monthly Quarterly Half Yearly Annual
12 – 23 25,000 5.65% 5.51% 5.53% 5.57% 5.65%
24 – 35 6.10% 5.94% 5.97% 6.01% 6.10%
36 - 60 6.50% 6.31% 6.35% 6.40% 6.50%

• Is a fixed deposit a good investment? 

A fixed deposit is the best investment option for risk-averse investors seeking a stable avenue to grow their savings. With Bajaj Finance FD, you can benefit from one of the best FD rates, flexible tenors and choose periodic payout options. FDs are a low-risk investment option that can help you grow your savings. You can get guaranteed returns and are shielded from the impact 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.

• What is the interest rate for a fixed deposit?

When investing in a fixed deposit for a specific tenor, you gain returns based on the latest FD rates offered by the issuer with whom you invest. You can get the dual benefit of safety and high returns with a Bajaj Finance Fixed Deposit that offers interest rates of up to 6.75%.

• Can I get monthly interest on a fixed deposit?

Yes. You can always choose periodic interest payouts and opt for a monthly interest on your fixed deposit. To calculate the monthly interest amount, you can use our FD monthly interest calculator.

• 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 37%.

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 better understand the 5-year interest rates:

Customer type Interest rate Interest amount Growth in savings
Non-senior citizen (investing offline) 6.50% Rs. 37,009 37.09%
Non-senior citizen (investing online) 6.60% Rs. 37,653 37.65%
Senior citizen 6.75% Rs. 38,624 38.62%

Bajaj Finance Fixed Deposits offer attractive 5-year FD interest rates, helping you grow your savings with ease. Customers who invest offline can get ~37% of the investment amount as returns. Customers investing online can look to grow their savings by more than 37%, and senior citizens can increase their investment amount by ~38%.

• Is the interest earned on an FD taxable?

Yes. The interest on a fixed deposit is fully taxable. The income you earn is added to your total income and taxed at the rates applicable to your income slab. It is then shown under ‘Income from Other Sources’ in your Income Tax Returns. 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 a scheme with the best FD rates?

It is essential to choose a suitable scheme for the best fixed deposit rates based on your requirement. You have the option of getting your interest at the end of your maturity period or through periodic payouts. If you’re looking for a regular income to fund your expenses, you can choose the option of periodic payouts, but if you’d like a lump sum at the end of your chosen tenor, you can choose to get your interest payout at maturity.
When investing in an FD, you must ensure that your company FD has the highest safety ratings, so you can rest assured that your principal amount is not at risk.

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