A fixed deposit is a low-risk financial instrument that helps investors grow savings at a fixed rate of interest that is higher than the interest rates offered by savings accounts. The convenience of investing, along with the safety of your deposit, can help you plan your short-term and long-term financial goals with ease.
At Bajaj Finance Limited, you can get attractive FD interest rates up to 6.75% to help you grow your savings and achieve your goals. Investing in a Bajaj Finance Fixed Deposit is easy—you can invest from the comfort of your home through an end-to-end paperless investment process.
In today’s times of increasing market volatilities, a Bajaj Finance Fixed Deposit can help you get assured returns and steady growth of capital so you can build your savings with no impact of market fluctuations.
Did you know? Bajaj Finance is now offering interest rates up to 6.50% for non-senior citizens and an additional 0.25% rate benefit for senior citizens. What's more, online investors can avail of an additional rate benefit of 0.10% (not applicable to senior citizens). Invest Now
|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|
Bajaj Finance Fixed Deposit offers a lucrative interest rate of up to 6.50%, going up to 6.75% for senior citizens. Investing in this FD can help you accumulate wealth and grow your corpus, with the guarantee of assured returns.
A fixed deposit is an ideal option for senior citizens seeking safe investment avenues to invest their life savings. As a senior citizen, you can gain an additional benefit of 0.25% over and above the regular interest rate. Senior citizens can also choose the option of periodic payouts to fund regular expenses. Find out more about the senior citizen’s fixed deposit.
For non-resident Indians (NRIs), overseas citizens of India (OCI) and oersons of Indian origin (PIO), a Bajaj Finance NRI Fixed Deposit is a great investment option. With this option, NRIs, OCIs and PIOs with a non-resident ordinary (NRO) account can choose tenors between 12 months and 36 months. New customers can reap the benefits of attractive interest rates of up to 6.50%, whereas senior citizens can get FD interest rates of up to 6.75%.
Bajaj Finance Fixed Deposit offers a Systematic Deposit Plan (SDP), a savings option to help investors make small monthly deposits in a disciplined manner. The interest rate prevailing on the date of each deposit gets applied to that deposit.
Under the Systematic Deposit Plan, Bajaj Finance offers two variants — the Monthly Maturity Scheme and Single Maturity Scheme — to cater to the requirements of different investors. With the Monthly Maturity Scheme, you get your maturity proceeds on a monthly basis. You can choose to make between 6 and 48 deposits.
With the Single Maturity Scheme, you get the maturity proceeds of all your deposits on a single day. Investors can choose to make between 6 and 47 deposits.
Find out more about the Systematic Deposit Plan.
Bajaj Finance Fixed Deposit is one of the safest investment options available for investors, regardless of their risk type. Bajaj Finance is accredited with the highest safety ratings of CRISIL’s FAAA/Stable rating and ICRA’s MAAA (stable) rating, ensuring your investments are never at risk.
When investing in a Bajaj Finance Fixed Deposit, you can choose a tenor between 12 and 60 months to suit your financial needs. This can help you with your liquidity needs, and you can also ladder your investments to enjoy a higher cash inflow.
If you’d like to know your maturity amount and the returns on your FD in advance, consider using FD Calculator to plan your finances better.
The minimum deposit required to invest in a Bajaj Finance Fixed Deposit is Rs. 25,000, making it easier to invest, as you do not have to wait to accumulate a larger corpus. Even with a smaller minimum deposit amount, you can ladder your investments and earn better returns.
You can now invest in a Bajaj Finance online FD through an easy application process that saves you time and trouble. Save the hassle of submitting lengthy documents and waiting in long queues to open your fixed deposit with Bajaj Finance. Instead, reap the benefit of an end-to-end online fixed deposit process that enables you to lock into attractive FD rates within a few minutes.
Non-senior citizens can get an additional rate benefit of 0.10% p.a. by investing online. Senior citizens get an additional interest rate benefit of 0.25% p.a. irrespective of their mode of investment.
In case of emergencies, you can withdraw prematurely from your fixed deposit after the initial lock-in period of 3 months. However, to avoid loss of interest, you can also choose to get a loan against your fixed deposit. However, your loan amount cannot be more than 75% of the FD value.
When filling your FD application form, you can choose to renew your FD and save the hassle of filling in the renewal form again during maturity.
With a Bajaj Finance Fixed Deposit, you can start investing with just Rs. 25,000. If you wish to deposit an amount higher than Rs. 5 crore, contact our representative.
Yes, you can obtain monthly interest on a fixed deposit by selecting a non-cumulative FD plan. This is suited to customers seeking a fixed income regularly from their investment.
With the non-cumulative scheme by Bajaj Finance, customers can choose to fund their regular expenses by getting a periodic income. According to the selected tenor, you can withdraw the proceeds monthly, quarterly, semi-annually, or annually.
However, the monthly interest payment has a lower interest rate than what you would get upon maturity of the FD. To check monthly interest rates, use our FD Calculator.
Investing in a Bajaj Finance Fixed Deposit is easy. If you’re an existing customer, you can go to our online investment form and invest right away. A new customer can also fill the online application form along with required details and get started on their investment journey. You can also visit any of our FD branches and invest offline.
Yes, a fixed deposit is one of the safest investment avenues as your principal amount remains intact, and there is no effect of market fluctuations. However, to ensure the highest safety of your deposit, you must choose the right FD issuer. Consider investing in a Bajaj Finance FD, which carries the highest stability ratings of FAAA/Stable by CRISIL and MAAA (stable) by ICRA. This rating indicates that your investments are never at risk and that you can be assured of timely payments and a default-free experience.
The minimum period for a Bajaj Finance Fixed Deposit is 12 months.
A fixed deposit provides you with stable returns. There are several other reasons too why an FD is a good investment option:
Flexible period of investment: Bajaj Finance offers tenors ranging from 12 months to 60 months. The interest rate varies according to the chosen tenor.
Renewal facility: Choosing to auto-renew your FD can help you earn an additional rate benefit of 0.10%.
Loan facility: Bajaj Finance offers a loan against FD facility to cater to those looking for emergency funds
TDS limit: The proceeds earned from a fixed deposit investment are exempt from TDS if they fall under a certain threshold, which is Rs. 5000 for both senior and non-senior citizens.
There is a lock-in period of 3 months when investing in a Bajaj Finance Fixed Deposit. While there is no penalty on withdrawing your deposit before maturity, you may incur losses in terms of interest you could earn. To help you avoid incurring such losses, Bajaj Finance offers a loan against a fixed deposit, so you can cater to your urgent financial requirements without having to break your FD.
A fixed deposit allows you to invest funds for a fixed term and earn returns at a fixed interest rate. The interest rate on your FD is higher than that on a savings account, and you can grow your savings furthermore.
Here’s how you can invest in an FD to save money easily.
If you have a surplus amount to invest, you can split it into multiple FDs with different tenors and earn interest for every deposit.
You can receive the FD interest payment at its maturity or choose to receive interest on a monthly, quarterly, half-yearly or annual basis to fund recurring expenses.
Save monthly with the Systematic Deposit Plan, with deposits starting just Rs. 5,000 per month.
Get additional rate benefits of 0.10% on online investments as a non-senior citizen and choose to renew your deposit to get a 0.10% rate benefit (In case of online renewal, non-senior citizens can get only one benefit).