A fixed deposit offers assured returns, making it a preferred investment option for senior citizens. With strong credibility and ease of transaction, a Bajaj Finance online FD is an excellent choice for every investor, regardless of their risk appetite. Senior citizens can get an additional benefit of 0.25% on their deposit, whether they invest online or offline.
|Interest Rate||Ranging from 5.65% to 6.75%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Minimum deposit of Rs. 25,000|
|Application Process||Easy online paperless process|
|Online Payment Options||Net Banking and UPI|
Our senior citizen customers get an additional 0.25% interest rate on their FD.
Invest in a fixed deposit from the comfort of your home with Bajaj Finance online FD.
Select a convenient tenor of up to 5 years for your fixed deposit.
Choose to get interest payouts monthly, quarterly, half-yearly or even annually.
Invest in a Bajaj Finance Fixed Deposit
Fixed deposit offers customers assured returns on their deposits, making it a preferred investment avenue for senior citizens. The ease of transaction, certainty, the safety of the deposits and convenient online facilities make Bajaj Finance FD an excellent choice for every investor, regardless of their risk appetite.
By investing in a Bajaj Finance Senior Citizen FD, senior citizens can reap additional rate benefits of 0.25%, along with the option to choose periodic payouts and a suite of other benefits to secure their post-retirement years.
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 will 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 deposits for senior citizens as well. Individuals above the age of 60 can easily invest in a Bajaj Finance Fixed Deposit and earn fixed interest on their deposit.
The interest rate for a Bajaj Finance Senior Citizen Fixed Deposit starts at 5.75% and goes up to 6.75%, depending on the tenor you select. If you choose a tenor of 36 months or more, you can earn an interest rate of 6.75%.
Bajaj Finance FD is one of the safest investment options for senior citizens. Here's what makes it one of the most secure ways to grow your savings:
As one of the most reliable fixed-income instruments, Bajaj Finance Fixed Deposit is the best investment option for senior citizens. You can choose the tenor, payout frequency and investment amount at your convenience. By investing in a Bajaj Finance FD, you get high returns and ensure the safety of your investment amount.
Senior citizens can get attractive interest rates of up to 6.75% by investing in a Bajaj Finance Senior Citizen FD. Senior citizens' fixed deposit interest rates are 0.25% higher than the 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 the 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 is cumulatively up to Rs. 3 lakh in a year can submit Form 15H to avoid incurring any deductions.
A 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: