Madurai, one of the fastest developing cities in Tamil Nadu, has a rich potential to bolster the Indian economy. With a steady growth of agriculture, banking, exports, information technology, airlines, real estate and manufacturing industry, Madurai is slowly adopting a modern lifestyle.
In order to generate wealth, people of Madurai have been turning towards prudent financial investments that can help them grow their earnings.
FD Rates in Madurai
FD (Fixed Deposits) guarantee a fixed, pre-decided rate of interest on your investment, which is credited to your account at the end of the tenor. Bajaj Finance Fixed Deposit Schemes are best for risk-averse investors, seeking guaranteed returns along with flexibility to choose tenor and payout frequency.
You can opt for the Cumulative or Non-Cumulative Fixed Deposits, depending on your financial goals.
Residents of Madurai can look forward to greater stability with higher returns with their fixed deposit schemes.
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|
Some of the best features and benefits that set Bajaj Finance Fixed Deposits apart are given below:
Bajaj Finance is known for its high stability and rating, with ICRA’s MAAA (Stable) rating and CRISIL’s FAAA/Stable rating. Your investments are hence, never at risk, with Bajaj Finance.
Invest in a Bajaj Finance Fixed Deposit to grow your savings in a disciplined manner and accrue high returns, with industry’s best interest rates.
There is no risk to your principal amount with Bajaj Finance Fixed Deposits. You can look for assured returns, which are not influenced by market forces.
There is no need to break your fixed deposits before maturity, as Bajaj Finance also offers a loan against your fixed deposits.
Madurai Residents can get in touch with the experts at the Madurai branch:
3rd Floor, S S Tower, No.78/4, Ponmeni Bypass Road, Madurai - 625 016.