|Interest Rate||Ranging from 5.65% to 6.75%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Min- Rs. 25,000|
|Application Process||Easy online paperless process|
|Online Payment Options||Netbanking and UPI|
DID You Know ? Bajaj Finance is now offering interest rates of upto 7.00% on fixed deposit and 0.25% more for senior citizens. What's more, online investors get 0.10% extra (not applicable for senior citizens) - Invest Online
|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%|
The benefits of investing in a Bajaj Finance FD go beyond attractive FD interest rates, as you can make most of flexible tenors, periodic interest payouts, multi-deposit facility, auto-renewal facility and easy loan against FD. Those below 60 years of age can earn the highest fixed deposit rates of up to 6.60% by investing online, whereas senior citizens can get assured returns of up to 6.75%, which is one of the highest FD interest rates in India. This ensures 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 easily. 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. 01 May 2021.
Start your investment journey with Bajaj Finance FD, and make your savings grow easily. 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|
|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%|
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 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|
|Non Senior Citizen (investing offline)||6.50%||Rs. 40,255||40.25%|
|Non Senior Citizen (investing online)||6.60%||Rs. 37,653||40.91%|
|Senior citizen||6.75%||Rs. 38,624||41.90%|
Bajaj Finance Fixed Deposit offers attractive 5-year FD interest rates, so you can grow your savings easily. Customers who invest offline can get ~40% of the investment amount as returns, customers investing online can look to grow their savings by 41% and senior citizens can grow their investment amount by ~42%.
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
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 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.
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.
When investing in a fixed deposit for a specific tenor, you gain returns on your deposit, based on the latest FD rates offered by the issuer you invest with. The current fixed deposit rates are low, but you can get a mix of safety and high returns with a Bajaj Finance Fixed Deposit, with latest FD rates up to 7.85%.