Fixed Deposit

The Bajaj Finance Fixed Deposit has the highest safety and credibility ratings, assuring the security of your invested amount. Apart from the regular interest rates, we offer higher interest rates on special tenure of 12, 18, 22, 30, 33, 39 and 44 months. While increasing FD rates impact your earnings, so does your investment tenure. A longer tenure for your fixed deposit means that you invest for a longer time to enjoy the power of compounding returns. 

FD rates for customers below 60 years

Revised interest rate for deposits starting at Rs. 15,000 up to Rs. 5 Crore (w.e.f November 22, 2022)
 *Special interest rates are offered on tenure of 15, 18, 22, 30, 33, 39 and 44 months

Tenure in
months
Cumulative
(interest + principal amount payment at maturity)
Non-cumulative
(interest payout at defined frequency, principal paid
at maturity)
At Maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half Yearly (p.a.) Annual (p.a.)
12-14 6.80% 6.60% 6.63% 6.69% 6.80%
15* 6.95% 6.74% 6.78% 6.83% 6.95%
16-17 6.80% 6.60% 6.63% 6.69% 6.80%
18* 7.00% 6.79% 6.82% 6.88% 7.00%
19-21 6.80% 6.60% 6.63% 6.69% 6.80%
22* 7.10% 6.88% 6.92% 6.98% 7.10%
23-24 6.80% 6.60% 6.63% 6.69% 6.80%
24-29 7.25% 7.02% 7.06% 7.12% 7.25%
30* 7.30% 7.07% 7.11% 7.17% 7.30%
31-32 7.25% 7.02% 7.06% 7.12% 7.25%
33* 7.30% 7.07% 7.11% 7.17% 7.30%
34-35 7.25% 7.02% 7.06% 7.12% 7.25%
36-38 7.50% 7.25% 7.30% 7.36% 7.50%
39* 7.60% 7.35% 7.39% 7.46% 7.60%
40-43 7.50% 7.25% 7.30% 7.36% 7.50%
44* 7.70% 7.44% 7.49% 7.56% 7.70%
45-60 7.50% 7.25% 7.30% 7.36% 7.50%

FD rates for senior citizens (customers above 60 years) (0.25% p.a. additional)

Revised interest rates for deposits starting at Rs. 15,000 up to Rs. 5 Crore (w.e.f November 22, 2022)
 *Special interest rates are offered on tenure of 15, 18, 22, 30, 33,39 and 44 months.

Tenure in
months
Cumulative
(interest + principal amount payment at maturity)
Non-cumulative
(interest payout at a defined frequency, principal paid
at maturity)
At Maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half Yearly (p.a.) Annual (p.a.)
12-14 7.05% 6.83% 6.87% 6.93% 7.05%
15* 7.20% 6.97% 7.01% 7.08% 7.20%
16-17 7.05% 6.83% 6.87% 6.93% 7.05%
18* 7.25% 7.02% 7.06% 7.12% 7.25%
19-21 7.05% 6.83% 6.87% 6.93% 7.05%
22* 7.35% 7.11% 7.16% 7.22% 7.35%
23-24 7.05% 6.83% 6.87% 6.93% 7.05%
24-29 7.50% 7.25% 7.30% 7.36% 7.50%
30* 7.55% 7.30% 7.35% 7.41% 7.55%
31-32 7.50% 7.25% 7.30% 7.36% 7.50%
33* 7.55% 7.30% 7.35% 7.41% 7.55%
34-35 7.50% 7.25% 7.30% 7.36% 7.50%
36-38 7.75% 7.49% 7.53% 7.61% 7.75%
39* 7.85% 7.58% 7.63% 7.70% 7.85%
40-43 7.75% 7.49% 7.53% 7.61% 7.75%
44* 7.95% 7.67% 7.72% 7.80% 7.95%
45-60 7.75% 7.49% 7.53% 7.61% 7.75%

Features and benefits of our fixed deposit

Features & benefits of our fixed deposit

If you’re looking for a stable and high-yielding investment option, Bajaj Finance’s Fixed Deposit is your answer. Watch this video to know more about its key features.

  • Earn secured returns from up to 7.95% p.a.

    Get the highest interest rate on a tenure of 44 months. The longer you invest, the more returns you get.

  • FD features

    Higher FD rates on our special tenures

    We offer higher FD rates on our special tenures of 15, 18, 22, 30, 33, 39 and 44 months.

  • FD features

    Highest credit ratings

    Our highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings ensure that your deposits are secured with us.

  • FD features

    Higher FD rates for senior citizens

    If you are a senior citizen (over 60 years of age), you get 0.25% p.a. additional interest rate.

  • FD features

    Flexible interest payout

    We offer monthly, quarterly, half-yearly and yearly interest payout options. You also have the option of full payout (interest + principal) at the end of the tenure (maturity).

  • FD features

    End-to-end online process

    We have created an end-to-end online process where you can book an FD without going to any branch.

  • FD features

    Dedicated customer portal (My Account)

    Manage your FD online. Download your Fixed Deposit Receipt (FDR),
    Interest Certificate (IC), Statement of Accounts (SOA) and other relevant
    documents.
    Login to My Account

  • FD features

    Loan Against your Fixed Deposit (LAFD)

    You can avail a loan against your fixed deposit of up 75% of your invested amount.(for cumulative scheme only)

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Other investment options

Below are a few investment options you can explore.

  • Invest in Systematic Deposit Plan

    Start investing with as low as Rs. 5,000 You can now start monthly deposits and earn returns up to 7.95% p.a.
    Start investing in Systematic Deposit Plan

  • Hassle-free trading account

    Online platform to invest in stocks, derivatives, mutual funds, and more.
    Open a trading account

  • Set up your Bajaj Pay wallet

    The only 4 in 1 wallet in India that gives you the option to transfer money or pay using UPI, EMI Network Card, Credit Card and your digital wallet.
    Download Bajaj Pay

FD calculator

Fixed Deposit Calculator

Plan your investment better

Eligibility criteria and documents required

Anyone can book our fixed deposit if they meet the basic criteria mentioned below. You will need documents to complete your investment process if you meet the eligibility criteria.

Eligibility criteria

  • Resident Indians
  • Sole proprietorships
  • Partnership firms and companies
  • Hindu Undivided Families (HUFs)

Documents required

  • PAN
  • Any KYC document: Aadhaar card/Passport/Driving license/Voter ID

Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) can connect with our representative or write to us on wecare@bajajfinserv.in.

How to invest in a fixed deposit

A step-by-step guide to invest in a fixed deposit

1. Click on ‘Open FD' at the top of this page to open our online application form.
2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
3. Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN card and date of birth.
4. Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes.
For new customers, complete your KYC using Aadhaar. You can also upload documents through DigiLocker or manually.
5. Enter additional details like occupation, annual income, and marital status.
6. A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
7. Complete your investment using NetBanking/ UPI or NEFT/ RTGS.

Once your fixed deposit is booked, you will receive the Fixed Deposit Acknowledgement (FDA) on your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be sent to your email ID within 3 working days (subject to documents being in the correct order).

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How to renew your fixed deposit

You have the option to renew your FD even up to 24 hours before maturity. Follow the 6 steps below:

  • FD renewal

    Step 1:

    Sign in to our Customer Portal – My Account with your registered date of birth, mobile number and OTP. 

  • FD renewal

    Step 2:

    Click on ‘My Relations’, available on your home page. Click on ‘View All’ to see all your relationships with us.

  • FD renewal

    Step 3:

    Of all your relationships, select the fixed deposit that you want to renew, and click on ‘Renew your Fixed Deposit’.

  • FD renewal

    Step 4:

    All the details about your FD, including interest rate, maturity amount, will be shown along with the bank details. Click on ‘PROCEED’.

  • FD renewal

    Step 5:

    Choose from the three renewal options – ‘Principal’, ‘Principal + Interest’ or ‘Partial Renewal’. Also, select the payout frequency and tenure.

  • FD renewal

    Step 6:

    Accept the Terms and Conditions and verify your renewal details using the OTP sent on your mobile number.

3 unique variants of our Deposits

  • Term Deposit

    We offer term deposits, commonly referred to as fixed deposits, starting from as low as Rs. 15,000. You can open a fixed deposit online and opt for a range of tenures starting from 12 months to 60 months. From time to time, we offer special tenures with higher interest rates. In our fixed deposit, you invest a fixed amount for a fixed tenure and get the interest either at maturity or at a defined frequency.

  • Systematic Deposit Plan-Single Maturity Scheme (SMS)

    We have created a special deposit plan for customers interested in making recurring deposits, referred to as a Systematic Deposit Plan (SDP). In an SDP, you can invest as low as Rs. 5,000 every month for a defined tenure (12 to 60 months). Under the Single Maturity Scheme (SMS), you get the principal and interest at maturity. The interest on each new deposit is calculated based on the prevailing interest rates in the deposit month.

  • Systematic Deposit Plan- Monthly Maturity Scheme (MMS)

    We have created a special deposit plan for customers interested in making recurring deposits, referred to as a Systematic Deposit Plan  (SDP). In an SDP, you can invest as low as Rs. 5,000 every month for a defined tenure (12 to 60 months). Under the Monthly Maturity Scheme (MMS), you get the interest paid out every month and the principal at maturity. The interest on each new deposit is calculated based on the prevailing interest rates in the deposit month.

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Frequently asked questions

What is a fixed deposit, and how does it work?

Fixed deposit is an investment tool offered by banks and non-banking financial institutions (NBFCs), through which they can invest their money for a specific amount of time at a fixed 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. Invest in a Fixed Deposit

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

Bajaj Finance offers flexible tenor options to all customers. While investing, you can choose any tenor from 12 months to 60 months. The interest rate for each investment varies based on the tenor selected by the investor. Bajaj Finance has introduced a special tenor for their customers.
Check the latest FD rates

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

Can I withdraw from my fixed Deposit before maturity?

BFL fixed deposit provides a premature withdrawal option to all the depositors, which allows them to close the FD before the scheduled maturity date.
Know more about the premature withdrawal

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

A fixed deposit is a one-time investment option that allows you to invest lumpsum 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.

Read about the Systematic Deposit Plan

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 7.95% p.a.

How much can be deposited in a fixed deposit?

Customers looking for online FD booking can invest between Rs. 15,000 to Rs. 5 Crore in Bajaj Finance Fixed Deposit.
For offline investors, there is no upper limit to the investment amount.

Can I get monthly interest on FD?

Yes, you can obtain monthly interest on a fixed deposit by selecting an FD non-cumulative monthly scheme. With the non-cumulative scheme by Bajaj Finance, customers can choose to fund their regular expenses by getting a periodic income. Use the FD Calculator

How can I invest in a fixed deposit?

Investing in Bajaj Finance Fixed Deposit is easy. You can invest in FD via either online or offline mode. You can invest offline through your nearest branches or our representatives. Click here to learn more about the online investment process.

Is Bajaj Finance Fixed Deposit safe?

Yes, investing in Bajaj Finance Fixed Deposit is safe. It is accredited with [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings, which indicate the highest level of safety and lowest investment risk.

What are the minimum and maximum investment tenure?

The tenor for Bajaj Finance Fixed Deposit ranges from 12 to 60 months

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Disclaimer:

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives

The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.