Features of FD for senior citizens

  • Get secured returns up to %$$FD48-60-sencumulative$$%
    Get secured returns up to 7.05%
    Grow your savings without any effect of market fluctuations.
  • Up to %$$FDscFDextrarate$$% higher interest rate for senior citizens
    Up to 0.25% higher interest rate for senior citizens
    Choose to receive returns on maturity or on a periodic basis.
  • Flexible tenors up to 60 months
    Flexible tenors up to 60 months
    Get higher returns on your investments by staying invested for longer.
  • Deposits starting just Rs. 5,000 per month
    Deposits starting just Rs. 5,000 per month
    Start small monthly savings by choosing the Systematic Deposit Plan.

Bajaj Finance offers assured returns on fixed deposits, making them the preferred investment avenue for senior citizens. The ease of transaction, certainty, safety of deposit and online facilities make the Bajaj Finance FD a great choice for every investor, regardless of their risk appetite.

The 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 up to 0.25%, along with the option to get periodic payouts and a suite of other benefits to secure their post-retirement years.

*Conditions apply

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How to invest in a fixed deposit

Investing in a Bajaj Finance online FD is quick and easy. Simply follow the steps below:

  1. 1 Click on 'Invest Online' to open our online form
  2. 2 Enter your phone number, date of birth and OTP
  3. 3 Existing customers only need to verify their details
  4. 4 If you’re a new customer, you will be asked to enter your basic details for OKYC
  5. 5 Choose the deposit amount, tenor, interest payout type and your bank details
  6. 6 Pay the amount with net banking or UPI

Upon successful payment, your deposit will be booked and you will receive an acknowledgment via e-mail and SMS within 15 minutes.

Fixed deposit interest rates

Annual rate of interest valid for deposits from Rs. 25,000 up to Rs. 5 crore (w.e.f. w.e.f. Dec 01, 2021)

Tenor in months

12 – 23

24 – 35

36 - 60

Cumulative

5.90%

6.65%

7.05%

Monthly

5.75%

6.46%

6.83%

Quarterly

5.77%

6.49%

6.87%

Half-yearly

5.82%

6.54%

6.93%

Annual

5.90%

6.65%

7.05%


Rate benefits basis customer category (w.e.f. Dec 01, 2021)

  • Additional rate benefits up to 0.25% p.a. for senior citizens

Frequently asked questions

What is a senior citizen fixed deposit?

Bajaj Finance offers fixed deposit for senior citizens, so individuals above 60 years of age can invest in a Bajaj Finance Fixed Deposit, earn fixed returns and grow their savings without any effect of market fluctuations.

Is the Bajaj Finance Fixed Deposit 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
  • More than 2.5 lakh happy customers, who have contributed to a total FD book size of more than Rs. 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, the 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 the interest rate for senior citizens?

Senior citizens can get attractive interest rates of up to 7.05% by investing in a Bajaj Finance Senior Citizen FD. Senior citizens get an additional rate benefit of up to 0.25%. This enables them to earn returns up to 7.05% by investing in a Bajaj Finance Senior Citizen FD.

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 is up to 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 the highest safety ratings of FAAA by CRISIL and MAAA by ICRA
  • Bajaj Finance is known to have ‘0 unclaimed deposits,’ which points towards timely payments and a default-free experience
  • Bajaj Finance has an end-to-end online FD facility, which enables senior citizens to invest easily from home.
  • Additional rate benefits up to 0.25% p.a. for senior citizens
  • 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.

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