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 7.75% 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 7.75% 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 7.75% 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 7.75% 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 July 1, 2022)
Tenor in months 12 – 23 24 – 35 36 – 60
Cumulative 6.20% p.a. 6.95% p.a. 7.40% p.a.
Monthly 6.03% p.a. 6.74% p.a. 7.16% p.a.
Quarterly 6.06% p.a. 6.78% p.a. 7.20% p.a.
Half-yearly 6.11% p.a. 6.83% p.a. 7.27% p.a.
Annual 6.20% p.a. 6.95% p.a. 7.40% p.a.

 

Special FD interest rates for cumulative deposits

Tenor in months

15

18

22

30

33

44

At Maturity

6.40% p.a.

6.50% p.a.

6.65% p.a.

7.05% p.a.

7.15% p.a.

7.50% p.a.


Special FD interest rates for non-cumulative deposits

Tenor in months

15

18

22

30

33

44

Monthly

6.22% p.a.

6.31% p.a.

6.46% p.a.

6.83% p.a.

6.93% p.a.

7.25% p.a.

Quarterly

6.25% p.a.

6.35% p.a.

6.49% p.a.

6.87% p.a.

6.97% p.a.

7.30% p.a.

Half Yearly

6.30% p.a.

6.40% p.a.

6.54% p.a.

6.93% p.a.

7.03% p.a.

7.36% p.a.

Annual

6.40% p.a.

6.50% p.a.

6.65% p.a.

7.05% p.a.

7.15% p.a.

7.50% p.a.

 

Rate benefits basis customer category (w.e.f July 1, 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?

Bajaj Finance offers a flexible tenor option to all customers. While investing, you can choose any tenor from 1 year to 5 years. The interest rate for each investment varies based on the tenor selected by the investor.

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

The minimum amount for investing in a fixed deposit with Bajaj Finance is Rs. 15,000.

What is a Fixed Deposit Account, and How does it work?

FD is an investment tool offered to customers by banks and non-banking financial institutions (NBFCs), through which they can invest their money for a specific amount of time at a pre-determined interest rate.

When you invest in an FD, the financial institution assures you that it will return your money at the end of the tenor, often known as the maturity period and will also pay you interest.

Can I withdraw from my fixed deposit before maturity?

Bajaj Finance Fixed Deposits provides a premature withdrawal option to all the depositors, which allows them to close the FD before the scheduled maturity date. To know more about the premature withdrawal of FD, click here.

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

A fixed deposit is a one-time investment option which allows you to invest lump-sum money for a particular duration at the interest rates applicable during the time of investment.

A systematic Deposit Plan is a monthly investment option in which the customer can make small monthly instalments starting at just Rs 5,000. Each investment done every month acts as a fresh FD and will have different rates based on the interest rate applicable during investment.

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

There is no limit to the number of deposits you can make with Bajaj Finance Fixed Deposit. Presently Bajaj Finance offers FD rates up to 7.75% p.a.

How much can be deposited in a fixed deposit?

Based on their plans, investors can invest anything from Rs. 15,000 to Rs. 5 crore in Bajaj Finance Fixed Deposit.

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 Bajaj Finance Fixed Deposit is easy. You can either visit the branches or invest online by following the below steps:

Step 1: Click on Invest Online to visit the investment form.
Step 2: Enter your basic details and verify your OTP.
Step 3: If you are a new customer, complete your KYC. For existing customers, verify your details.
Step 4: Select your deposit amount, tenor and other details.
Step 5: Complete your investment using net banking or UPI.

Are fixed deposits safe?

Bajaj Finance Fixed Deposits enjoy a [ICRA]AAA(Stable), indicating the highest level of safety and lowest investment risk. BFL FDs also have a rating of CRISIL AAA/ STABLE, another reason to invest.

Is FD a good option?

One of the most acceptable investment options for those seeking solid, consistent earnings without subjecting themselves to the risk of a turbulent market is investing in fixed deposits (FDs). Saving money in FDs has advantages over other saving accounts in addition to the higher return rate.

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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