Senior Citizens FD Rates- 2021 - Upto 8.05% Interest Rate

Features of Senior Citizen Fixed Deposit

  • Assured returns of up to 7.25%*

    Our senior citizen customers get a 0.25% higher rate of interest on their FD.

  • Convenient online process

    Invest in a fixed deposit from the comfort of your home with a The Bajaj Finance online FD

  • Flexible tenors up to 60 months

    Select a convenient tenor of up to 5 years for your fixed deposit.

  • Highest safety with AAA-rated deposit

    Bajaj Finance FD has the highest stability ratings -CRISIL's FAAA/Stable Rating and ICRA’s MAAA (stable)

  • mortgage loan emi calculator

    Periodic interest payouts

    Choose to get your interest payouts monthly, quarterly, half-yearly or even annually.

  • Invest in a Bajaj Finance Fixed Deposit

    Fixed Deposit offers assured returns on their deposits, which makes it a preferred investment avenue for senior citizens. The ease of transaction, certainty, safety of deposits and online facilities make Bajaj Finance FD a great choice for every investor, regardless of their risk appetite.
    Bajaj Finance Senior Citizen FD is designed to facilitate the unique requirements of senior citizens. By investing in this fixed deposit, senior citizens can reap additional rate benefits of 0.25%, along with the option to get periodic payouts and a suite of other benefits to secure their post-retirement years.

How to invest in Bajaj Finance FD?

Here is a detailed guide on investing in a Bajaj Finance Fixed Deposit.

You can start your online application and resume it at a later instance.

  • Click on ‘Invest Online’ to visit our easy online form

  • Enter your phone number, date of birth and verify your OTP

  • If you’re a new customer, enter your basic details for OKYC process; if you are an existing customer, verify your details

  • Enter deposit amount, tenor, interest payout type along with bank details.

  • Pay via NetBanking or UPI.

Upon successful payment, your deposit will be booked and you’ll receive an acknowledgement via email and SMS within 15 minutes.

Senior Citizen Fixed Deposit Interest Rates in India 2021

Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 01 Feb 2021)

Tenor in Months Minimum deposit (in Rs.) Cumulative Non-Cumulative
Monthly Quarterly Half Yearly Annual
12 – 23 25,000 6.40% 6.22% 6.25% 6.30% 6.40%
24 – 35 6.85% 6.64% 6.68% 6.74% 6.85%
36 - 60 7.25% 7.02% 7.06% 7.12% 7.25%
Note: Senior citizens investing in a Bajaj Finance online FD will only receive one benefit (rate benefit of 0.25%), regardless of the mode of investment
+0.10% over and above the applicable rate of interest/card rate at the time of renewal of deposit. In case of online renewal, only one benefit (renewal benefit of 0.10%) will be extended.

Frequently Asked Questions for Senior Citizens

• What is a Senior Citizen FD?

Bajaj Finance offers Fixed Deposit for senior citizens, wherein individuals above 60 years of age can invest in a Bajaj Finance Fixed Deposit, earn fixed interest and grow their savings easily.

• What is the interest rate for Bajaj Finance Senior Citizen Fixed Deposit?

The interest rate for Bajaj Finance Senior Citizen Fixed Deposit starts at 6.22% and goes up to 7.25%, depending on the tenor you select. If you select a tenor of 36 months or more, you can earn an interest rate of 7.25%

• Is Bajaj Finance FD safe?

Bajaj FinancE FD is one of the safest investment options, for senior citizens. Here’s what makes it one of the safest ways to grow your savings::

  • The highest safety ratings of FAAA by CRISIL and MAAA by ICRA for this FD indicate lowest likelihood of defaults or delays
  • Bajaj Finance has a clientele of 2,50,000 happy FD customers, who’ve contributed towards a total FD book size of 20,000+ crore.
  • Nearly 80,000 of these customers are senior citizens, which reflects how senior citizens trust this FD to be one of the safest investment avenues.
Investing in a Bajaj Finance Fixed Deposit is safe, as you can be sure of low risks of delays and defaults.

• What is the best investment for senior citizens?

As one of the most reliable fixed-income instruments, Bajaj Finance Fixed Deposit is the best investment for senior citizens. You can choose the tenor, payout frequency and investment amount as per your convenience.

By investing in a Bajaj Finance FD, you not only gain high returns, but also ensure high safety of your investment amount.

• What is interest rate for senior citizens?

Senior citizens can get attractive interest rates of up to 7.25% by investing in a Bajaj Finance Senior Citizen FD. FD interest rates for senior citizens are 0.25% higher than regular FD interest rates, to help them plan their post-retirement expenses easily and cruise through their golden years without any roadblocks.

• Is interest on FD taxable for senior citizens?

The interest earned on Senior Citizen Fixed Deposit is taxable, as per the applicable Income Tax laws. These taxes, if any, are deducted at the source. Senior citizens, whose interest income from all Bajaj Finance FDs put together are upto Rs. 3 lakh in a year, can submit Form 15H to avoid incurring any deductions.

• What is the safest investment for senior citizens?

Fixed Deposit is one of the safest investment avenues for senior citizens. To grow their savings, senior citizens can consider investing in a Bajaj Finance FD, because of the following benefits:

  • Bajaj Finance has highest safety ratings of FAAA by CRISIL and MAAA by ICRA, which indicates highest safety of deposit
  • Bajaj Finance is known to have ‘0 unclaimed deposits’, which points towards timely payments and default-free experience
  • Bajaj Finance has an end-to-end online FD facility, which enables senior citizens to invest easily from home. However, rate benefit of 0.10% on online deposit is not applicable for senior citizens.
  • Senior citizens can gain an additional rate benefit of 0.25% on their deposit, regardless of their mode of investment
  • Senior citizens can also choose the option to get payouts on a periodic basis, which can help them fund their regular expenses easily.
Thus, Bajaj Finance FD makes for a great investment choice for senior citizens. It is also one of the safest choices to grow savings and get assured returns.

Fixed Deposit Calculator

investment amount

Please enter investment amount

Please enter investment amount

investment rate

Please enter investment rate

investment tenor

Please enter investment tenor

fixed deposit returns

  • Interest rate :


  • Interest payout :


  • Maturity by :


  • Maturity amount :


Please fill below details for quick investing


Please enter first name


Please enter mobile number


Please enter city


Please enter email id



Please enter customer type


Please enter investment amount

Please enter investment amount