Accounting for more than 6.16% of India's economy, Mumbai is India’s entertainment, fashion and commercial centre. It comprises a large percentage of the city’s workforce, with a growing influx of people from rural areas seeking employment.
With both the major Indian stock exchanges, brokerages, asset management companies, headquarters of most Indian state-owned and commercial banks, as well as the financial and monetary regulatory authorities of India located there, Mumbai is also the primary financial centre for India.
Matching up to the increasing cost of living indices in Mumbai can be challenging. In such a scenario, FDs come across as one of the most reliable methods of investments.
FD Rates in Mumbai
Bajaj Finance Fixed Deposits are one of the most reliable options for Mumbai residents, who can gauge the exact cost of their investments. Invest in fixed deposits to get assured returns on your investments and enjoy a hassle-free investment process with one of the highest rate of interest in the country.
Residents of Mumbai can invest in Bajaj Finance Fixed Deposits to boost their savings and enjoy the flexibility to choose their tenor and interest payouts.
You can choose from the Cumulative and Non-Cumulative Fixed Deposits, which come with a suite of enticing features and benefits.
Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 05 March 2020)
|Tenor in Months||Minimum deposit (in Rs.)||Cumulative||Non-Cumulative|
|12 – 23||25,000||7.60%||7.35%||7.39%||7.46%||7.60%|
|24 – 35||7.65%||7.39%||7.44%||7.51%||7.65%|
|36 - 47||7.70%||7.44%||7.49%||7.56%||7.70%|
|48 - 60||7.80%||7.53%||7.58%||7.65%||7.80%|
+ 0.25% for senior citizens
+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
+0.10% over and above the rate of interest at which the deposit is booked
Several factors contribute towards making Bajaj Finance fixed deposits one of the most reliable investment options. Given below are some of these features and benefits:
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.
With Bajaj Finance Fixed Deposit, you can enjoy one of the best returns in the industry, which can help you grow your savings easily
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.
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.