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FD Interest Rates

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Fixed Deposit Interest Rate: (w.e.f. 17 October 2018)

When you invest in fixed deposits, you invest a principal amount at a fixed interest rate. You can then, gain interest on your deposits, which accrues and grows over time. Higher FD rates can enable you to gain a higher maturity amount, which is why you must choose lenders offering the highest interest rates in India.

Bajaj Finance Fixed Deposit offers one of the highest interest rates in India, along with high safety ratings that ensure that your principal amount remain safe.

Fixed Deposit Interest Rates 2019 in India

Tenor in Months Minimum deposit (in Rs.) Cumulative Non-Cumulative
Monthly Quarterly Half-yearly Yearly
12 – 23 25,000 8.00% 7.72% 7.77% 7.85% 8.00%
24 – 35 8.15% 7.88% 7.93% 8.00% 8.15%
36 – 60 8.75% 8.42% 8.48% 8.57% 8.75%
Special tenors scheme
15 Months 1,00,000 8.05% 7.77% 7.82% 7.89% 8.05%
Rate benefits basis customer category (w.e.f. 17 Oct 2018):
+ 0.35% for senior citizens
+ 0.25% for Bajaj group employees or existing Fixed Deposit customers or loan customers
 
Renewal: +0.25% 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).

 

Cumulative

Non-Cumulative (Monthly)

FD amount
Rs. 10,00,000
Rs. 10,00,000
Tenor
5 years
5 years
Interest rate
8.75%
8.19%
Interest earned
Rs. 5,21,059
Rs. 4,09,500
Maturity amount
Rs. 15,21,059
Rs. 14,09,500
  • Special tenor scheme

Choose your Fixed Deposit amount

INR

Choose your investment tenor (in months)

Months

Rs. 25,000

is your principal amount

Rs. 26,900

is Your maturity amount

Rs. 1,900

is Your interest earned
 

 

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.

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.

Is FD A Good Investment?

Investing in Fixed Deposits 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.

How to Choose Best FD Rate 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.

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.

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