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. However, senior citizens can look for an additional 0.25% interest rate benefit on their deposit, whether they choose to invest online or offline.
|Interest Rate||Ranging from 5.65% to 6.75%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Minimum Rs. 25,000|
|Application Process||Easy online paperless process|
|Online Payment Options||Net Banking and UPI|
Our senior citizen customers get a 0.25% higher rate of interest on their FD.
Invest in a fixed deposit from the comfort of your home with a The Bajaj Finance online FD
Select a convenient tenor of up to 5 years for your fixed deposit.
Choose to get your interest payouts monthly, quarterly, half-yearly or even annually.
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.
Upon successful payment, your deposit will be booked and you’ll receive an acknowledgement via email and SMS within 15 minutes.
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||5.90%||5.75%||5.77%||5.82%||5.90%|
|24 – 35||6.35%||6.17%||6.20%||6.25%||6.35%|
|36 - 60||6.75%||6.55%||6.59%||6.64%||6.75%|
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.
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%
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::
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.
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.
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.
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: