Features and benefits
Up to 0.25% 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
Choose tenors ranging from 12 to 60 months, as per your convenience.
Deposits starting at Rs. 25,000 per month
Start investing with a small amount and grow your savings with our fixed deposits.
Get secured returns up to 7.05%
Grow your savings with the best returns on your deposit.
Fixed deposit (FD) is a low-risk financial instrument that is offered by banks, post offices or Non-banking Financial Companies (NBFCs). Bajaj Finance offers 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 7.05%* 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 along with steady growth of savings. So you can build your savings without any effect of market fluctuations. Moreover, Bajaj Finance has the highest credit quality and safety ratings. CRISIL and ICRA have awarded it with MAAA and FAAA, respectively, making the Bajaj Finance Fixed Deposit one of the safest investment options.
Here’s a quick look at the features and benefits offered on fixed deposits by Bajaj Finance.
Ranging from 5.65% to 7.05%
Minimum deposit of Rs. 25,000
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. However, your loan amount against FD cannot be more than 75% of the FD value.
Investing in a Bajaj Finance Fixed Deposit offers you a balance of convenient investment processes, lucrative interest rates of up to 7.05%, and safety of your deposits, making it one of the safest investment options for you to grow your savings easily.
Fixed deposit eligibility criteria
Non-resident Indians and others
NRIs, overseas citizens of India, and persons of Indian origin must be above 18 years of age and must have an NRO account.
Hindu Undivided Families (HUF), sole proprietorships, partnership firms, group companies, clubs, associations, societies, and family trusts can invest.
Resident Indian citizens
Individuals must be above 18 years of age.
Fixed deposit interest rates
|Annual rate of interest valid for deposits from Rs. 25,000 up to Rs. 5 crore
(w.e.f. Dec 01, 2021)
|Tenor in months||12 – 23||24 – 35||36 – 60|
Rate benefits basis customer category (w.e.f. Dec 01, 2021)
- 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. Simply follow the steps below:
- 1 Click on 'Invest Online' to open our online form
- 2 Enter your phone number, date of birth and OTP
- 3 Existing customers only need to verify their details. If you’re a new customer, you will be asked to enter your basic details for OKYC.
- 4 Choose the deposit amount, tenor, interest payout type and your bank details
- 5 Pay the amount with net banking or UPI
Upon successful payment, your deposit will be booked and you will receive an acknowledgment via email and SMS within 15 minutes.
Investing in a Bajaj Finance FD is now easier than ever with the online fixed deposit. Simply share your basic details and make your payment online to book your deposit within minutes. The maturity amount will be directly credited into your registered bank account on the day your deposit matures.
Frequently asked questions
When investing in a Bajaj Finance FD, you can choose tenors ranging from 12 to 60 months.
You can start investing with just Rs. 25,000 in a Bajaj Finance Fixed Deposit, or start saving with just Rs. 5,000 per month in a Systematic Deposit Plan.
Yes, you can withdraw your fixed deposit amount 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 that you need by choosing a loan against your fixed deposit, at nominal interest rates.
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. Under an SDP, each of your deposits are counted as separate FDs, which earn interest as per the interest rates prevailing on the day of booking.
You are free to make any number of deposits with a fixed deposit from Bajaj Finance. Systematic deposit plans, on the other hand, offer you the option of making between 6 and 48 deposits.
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 the 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.
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 the effect of market fluctuations, returns are guaranteed.
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; deposits start from Rs. 5,000 per month.
The tenor for your fixed deposit or the deposits made under the systematic deposit plan ranges from 12 to 60 months.