With an economic base anchored in sectors like automobile, software, medical tourism, hardware manufacturing, and financial services, Chennai is one of India’s most productive metro areas. Often called the Banking Capital of India, Chennai offers residents a high quality of life and it demands that you save and invest your money prudently. Thankfully, with avenues like the fixed deposit, you can’t go wrong.
FD Rates in Chennai
Residents of Chennai enjoy attractive FD interest rates with Bajaj Finance.
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%|
+ 0.25% for senior citizens
+ 0.10% for customers opening FD through online mode
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.
|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|
With ICRA’s MAAA (Stable) rating and CRISIL’s FAAA/Stable rating, Bajaj Finance Fixed Deposits are highly stable and credible.
Deposit your funds for a period ranging from 12 to 60 months and take back a large maturity amount in time for your goals.
Regular customers can earn at up to 6.60%* and senior citizens get an additional interest rate bonus of 0.25%.
With as little as Rs. 25,000 you can start investing in a Bajaj Finance Fixed Deposit in Chennai.
Through monthly contributions of Rs. 5,000 or more you can begin to invest as you save.
With a Bajaj Finance FD in Chennai you can earn at an interest rate of up to 6.75%*. Moreover, your returns are backed by CRISIL’s FAAA rating and ICRA’s MAAA rating, the highest in their respective categories. As such, you enhance and stabilise your investment portfolio with this FD. You can forecast your returns with the FD calculator, and use the Auto-renewal facility to stay invested for longer seamlessly and the Multi-deposit facility to ladder your FDs effortlessly.
Alongside the ability to invest over a flexible tenor of 12 to 60 months, you can opt for cumulative fixed deposits to get high returns at maturity or go for non-cumulative fixed deposits to obtain frequent interest payouts.
Chennai residents can visit any of the 5 branches mentioned below: