Accounting for more than 6.16% of India's economy, Mumbai is India’s entertainment, fashion, and commercial centre. With both the major Indian stock exchanges, brokerages, asset management companies, Mumbai is also the primary financial centre for India. However, keeping up with the increasing cost of living in Mumbai can be challenging. Investing your money is a must, and FDs offer reliability and generous returns.
FD Rates in Mumbai
Residents of Mumbai 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|
Backed by ICRA’s MAAA (Stable) rating and CRISIL’s FAAA/Stable rating, your FD earnings are not at risk.
With a Bajaj Finance FD, new customers can earn at up to 6.60%* and senior citizens get a bonus of 0.25%.
Courtesy of a safe environment and a fixed rate of return, your maturity amount is not affected by market forces.
You can avail up to 75%* of your FD’s value as a loan to avoid liquidating your deposit during an emergency.
Begin to invest as you save each month by making contributions of just Rs. 5,000 or more.
Residents of Mumbai can invest in Bajaj Finance Fixed Deposits to boost their savings and take back large maturity proceeds at the end of the flexible 12- to 60-month investment term.
Bajaj Finance offers both cumulative and non-cumulative fixed deposits and you can accordingly choose to take wholesome returns at maturity or earn interest through the tenor at set intervals.
What makes this FD one of the best investment options is that it couples an attractive interest rate, up to 6.75%*, with high investment stability. The FD enjoys ICRA’s MAAA rating and CRISIL’s FAAA rating.
Mumbai residents can visit any of the 6 branches mentioned below:
Office No.1,1St Floor, New Saraswati Sadan Chs Ltd; Rammaruti Road, Opp. New English School, Near Hsbc Bank, Thane West – 400602
5th Floor, 271 Business Park, Model Industrial Estate, Near Virwani Industrial Estate, Off. Western Eststate Exp. Highway, Goregaon (E) Mumbai - 400 063.
3rd Floor, 271 Business Park, Model Industrial Estate, Near Virwani Industrial Estate, Off. Western Eststate Exp. Highway, Goregaon (E) Mumbai - 400 063.
3Rd & 4Th Floor, 271 Business Park, Model Industrial Estate, Near Virwani Industrial Estate, Off. Western Eststate Exp. Highway, Goregaon (E) Mumbai - 400 063.
1St Floor, B-10, Shree Ram Industrial Estate, Katrak Road, Mumbai - 400 031.
7Th Floor, Office No. - 702, The Affairs, Sector 17, Palm Beach Road, Behind Moraj Complex, Vashi, New Mumbai - 400 705.