Features and benefits

  • Higher interest rate for senior citizens

    Up to 0.25% p.a. higher interest rate for senior citizens

    Manage your post-retirement expenses with an additional rate benefit on your deposit.

  • Flexible tenors up to 60 months

    Flexible tenors up to 60 months

    Choose tenors ranging from 12 to 60 months, as per your convenience.

  • Deposits starting at Rs. 25,000

    Deposits starting at Rs. 15,000

    Start investing with a small amount and grow your savings with our fixed deposits.

  • Get secured returns

    Get secured returns up to 7.60% p.a.*

    Grow your savings with the best returns on your deposit.

Fixed deposit (FD) is a low-risk financial instrument offered by banks, post offices or Non-banking Financial Companies (NBFCs). Bajaj Finance provides higher FD rates ensuring you earn better returns.

With the Bajaj Finance Fixed Deposit, you can grow your savings at attractive FD interest rates up to 7.60% p.a.* along with the convenience of an end-to-end paperless investment process. The Bajaj Finance online FD provides an easy application process that saves you time and trouble waiting in long queues to open an FD account.

Amid increasing market volatilities, investing in a Bajaj Finance FD offers assured returns and steady savings growth. So you can build your savings without any effect of market fluctuations. Bajaj Finance Fixed Deposit is awarded with highest credit rating of CRISIL AAA/ STABLE and [ICRA]AAA(Stable).

Here’s a quick look at the features and benefits offered on fixed deposits by Bajaj Finance.

Interest rate

up to 7.60% p.a.*

Minimum tenor

1 year

Maximum tenor

5 years

Deposit amount

Minimum deposit of Rs. 15,000

Application process

Easy and paperless online process

Online payment options

Netbanking and UPI

Online application process

You can now invest in a Bajaj Finance online FD through an easy online application process that saves you time and trouble. Lock into attractive FD rates without submitting lengthy documentation or waiting in queues to open your fixed deposit with Bajaj Finance within a few minutes.

Fixed Deposit Calculator

Consider using FD Calculator to plan your finances if you’d like to know your maturity amount and returns on your FD in advance.

Online loan against fixed deposit

In case of emergencies, you can withdraw prematurely from the fixed deposit after the initial lock-in period of 3 months. However, to avoid loss of interest, you can choose to avail of a loan against your fixed deposit. In a cumulative fixed deposit, the loan amount can be up to 60 % of FD value & in a non-cumulative fixed deposit, the loan amount can be up to 75 % of FD value.

Investing in a Bajaj Finance Fixed Deposit offers you a balance of convenient investment processes, lucrative interest rates of up to 7.60% p.a.*, and safety of your deposits, making it one of the safest investment options for you to grow your savings easily.

* Conditions Apply

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Fixed deposit eligibility criteria

  • Non-resident Indians and others

    Non-resident Indians and others

    NRIs, overseas citizens of India, and persons of Indian origin must be above 18 years of age and have an NRO account.

  • Non-individuals

    Non-individuals

    Hindu Undivided Families (HUF), sole proprietorships, partnership firms, group companies, clubs, associations, societies, and family trusts can invest.

  • Resident Indian citizens

    Resident Indian citizens

    Individuals must be above 18 years of age. For minors the FD can be booked by their guardians.

Fixed deposit interest rates

The annual rate of interest is valid for deposits from Rs. 15,000 up to Rs. 5 Crore
(w.e.f June 14, 2022)
Tenor in months 12 – 23 24 – 35 36 – 60
Cumulative 5.85% p.a. 6.60% p.a. 7.20% p.a.
Monthly 5.70% p.a. 6.41% p.a. 6.97% p.a.
Quarterly 5.73% p.a. 6.44% p.a. 7.01% p.a.
Half-yearly 5.77% p.a. 6.49% p.a. 7.08% p.a.
Annual 5.85% p.a. 6.60% p.a. 7.20% p.a.

 

Special FD interest rates for cumulative deposits

Tenor in months

15

18

22

30

33

44

At Maturity

6.05% p.a.

6.15% p.a.

6.30% p.a.

6.70% p.a.

6.95% p.a.

7.35% p.a.


Special FD interest rates for non-cumulative deposits

Tenor in months

15

18

22

30

33

44

Monthly

5.89% p.a.

5.98% p.a.

6.13% p.a.

6.50% p.a.

6.74% p.a.

7.11% p.a.

Quarterly

5.92% p.a.

6.01% p.a.

6.16% p.a.

6.54% p.a.

6.78% p.a.

7.16% p.a.

Half Yearly

5.96% p.a.

6.06% p.a.

6.20% p.a.

6.59% p.a.

6.83% p.a.

7.22% p.a.

Annual

6.05% p.a.

6.15% p.a.

6.30% p.a.

6.70% p.a.

6.95% p.a.

7.35% p.a.

 

Rate benefits basis customer category (w.e.f June 14, 2022)

  • Additional rate benefits up to 0.25% p.a. for senior citizens

How to invest in a fixed deposit

Investing in a Bajaj Finance online FD is quick and easy. Follow the steps below:

  1. 1 Click on 'Invest Online' to open our online form
  2. 2 Enter your phone number, date of birth and OTP
  3. 3 Existing customers need to only verify their details. As a new customer, you will have to verify your basic details via KYC or OKYC or uploading documents.
  4. 4 Choose the deposit amount, tenor, interest payout type and your bank details
  5. 5 Pay the amount with net banking or UPI

Upon successful payment, your deposit will be booked, and you will receive an acknowledgement via email and SMS within 15 minutes.

Investing in a Bajaj Finance FD is now easier than ever with the online fixed deposit. Share your basic details and make your payment online for booking your deposit within minutes. The maturity amount will be directly credited into your registered bank account when your deposit matures.

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Disclaimer

Actual returns may vary slightly if the FD tenor includes a leap year.

Frequently asked questions

What is the tenor for investing in a Bajaj Finance FD?

When investing in a Bajaj Finance FD, you can choose tenors ranging from 12 to 60 months.

What is the minimum amount for investing in a fixed deposit?

You can start investing with just Rs. 15,000 in a Bajaj Finance Fixed Deposit or start saving with just Rs. 5,000 per month in a Systematic Deposit Plan.

Can I withdraw from my fixed deposit before maturity?

Yes, you can withdraw your fixed deposit after a minimum lock-in period of 3 months. However, you are likely to lose out on the interest amount that you may otherwise earn on your investment. Instead of withdrawing your deposit prematurely, get the funds you need by choosing a loan against your fixed deposit at nominal interest rates.

How is the Systematic Deposit Plan different from a fixed deposit?

A fixed deposit is best suited for lump sum investments. A Systematic Deposit Plan (SDP) is ideal for those looking to invest a smaller amount every month. Each deposit is counted as a separate FD. Interest is earned as per the interest rates prevailing on booking.

How many deposits can I make with Bajaj Finance Fixed Deposit?

You are free to make any number of deposits with a fixed deposit from Bajaj Finance.

How much can be deposited in a fixed deposit?

With a Bajaj Finance Fixed Deposit, you can start investing with just Rs. 15,000. If you wish to deposit an amount higher than Rs. 5 crore, contact our representative.

Can I get monthly interest on FD?

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.

How can I invest in a fixed deposit?

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 the required details and get started on their investment journey. You can also visit any of our FD branches and invest offline.

Are fixed deposits safe?

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 credit 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.

Is FD a good option?

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: With Bajaj Finance, you can invest for a tenor ranging between 12 months and 60 months. The interest rate varies according to the chosen tenor.

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 of Rs. 5000 for senior and non-senior citizens.

Since FDs are unaffected by market fluctuation, one can earn profitable returns.

How can I save money on a fixed deposit?

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.

To invest in an FD you can apply online. 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.

What will be the minimum and maximum investment tenor?

The tenor for your fixed deposit or the deposits made under the Systematic Deposit Plan ranges from 12 to 60 months.

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