Annual rate of interest valid for deposits up to Rs.5 crore - (w.e.f 07 December 2019)
|Tenor in Months||Minimum deposit (in Rs.)||Cumulative||Non-Cumulative|
|12 – 23||25,000||7.60%||7.35%||7.39%||7.46%||7.60%|
|24 – 35||7.90%||7.63%||7.68%||7.75%||7.90%|
|36 - 60||8.10%||7.81%||7.87%||7.94%||8.10%|
Fixed deposit interest rates offered by financiers often range from 4% to 8%, but you can look for one of the highest FD interest rates with Bajaj Finance Fixed Deposit. Investing in Bajaj Finance FD comes with several different benefits, which go beyond benefiting from one of the highest FD rates in India. You can also enjoy a suite of different features and benefits, which make it easy for you to invest and grow your savings.
It is important to note that FD interest rates are dependent on the tenor, interest payout frequency and the customer category you choose. Bajaj Finance FD offers one of the best FD rates in India, which goes 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.
+ 0.25% for senior citizens
+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
+0.10% over and above the rate of interest at which the deposit is booked
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).
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||Return on investment|
|New customer||8.10%||Rs. 47,614||47.61%|
|Existing customer||8.20%||Rs. 48,298||48.29%|
|Senior citizen||8.35%||Rs. 49,329||49.32%|
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%.
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|
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.
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.
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.
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.
Earn UP TO 8.35%* on Fixed Deposit
Calculate Your Maturity Amount with FD Calculator