Bajaj Finance Fixed Deposit – Check Latest Benefits of Fixed Deposit
Fixed Deposit (or FD) is a low-risk financial instrument that is offered by banks, post offices or Non-Banking Financial Companies (NBFCs). You can easily invest in a Fixed Deposit and grow your savings at a fixed rate of interest, which is higher than 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 goals easily.
At Bajaj Finance Limited, you get attractive FD interest rates of upto 7.35%, so you can save for your goals easily. Investing in a Bajaj Finance Fixed Deposit is easy, as you can invest from the comfort of your home through an end-to-end paperless online investment process.
In today’s times of increasing market volatilities, investing in a Bajaj Finance Fixed Deposit can help you get assured returns and steady growth of capital so you can build your savings with no effect of market fluctuations.
DID You Know ? Bajaj Finance is now offering interest rates of upto 7.00% on fixed deposit and 0.25% more for senior citizens. What's more, online investors get 0.10% extra (not applicable for senior citizens) - Invest Online
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Features and Benefits of Bajaj Finance Fixed Deposit
Interest Rate Ranging from 6.15% to 7.25% 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 Netbanking and UPI -
Upto 7.35% Return on Fixed Deposit in India
Bajaj Finance Fixed Deposit offers a lucrative interest rate of up to 7.10%, which can go up to 7.35% for senior citizens. Investing in this FD can help you accumulate your wealth and grow your corpus, with assured returns.
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Higher Interest Rates for Senior Citizens
For senior citizens seeking safe investment avenues to invest their life savings, there are several benefits of fixed deposit. As a senior citizen, you can easily gain additional rate benefit of 0.25% over and above the regular interest rate, with a Bajaj Finance Fixed Deposit. Senior citizens can also choose the option of periodic payouts, to fund regular expenses. Find out more about the Senior Citizen Fixed Deposit .
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Fixed Deposit for NRIs
For Non-resident Indians (NRIs), Overseas Citizen of India (OCI) and Person of Indian Origin (PIO), investing in a Bajaj Finance NRI Fixed Deposit is a great option. With this option, NRI/OCI/PIO with an NRO account, can easily choose tenors between 12 months and 36 months. New customers can reap the benefits of attractive interest rates of up to 7.00%, whereas senior citizens can get FD interest rates up to 7.25%.
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Systematic Deposit Plan
Bajaj Finance Fixed Deposit offers Systematic Deposit Plan (SDP), which is a monthly saving option to help customers save small monthly deposits in a disciplined manner. The tenor of each monthly deposit under SDP shall be for a minimum period of 12 months to a maximum period of 60 months. The depositor will have option to choose between 6 to 48 numbers of monthly deposits under SDP. The interest rate prevailing on the date of each deposit will be applicable to that particular deposit.
Under Systematic Deposit Plan, Bajaj Finance is now offering two schemes – Monthly Maturity Scheme and Single Maturity Scheme to cater to requirements of different savers.
With Monthly Maturity Scheme, you can get your maturity proceeds on a monthly basis, while the Single Maturity Scheme helps you get maturity proceeds of all your deposits on a single day. Find out more about Systematic Deposit Plan. -
High Stability and Credibility
Bajaj Finance Fixed Deposit is one of the safest investment options for investors, regardless of their risk type. Bajaj Finance Fixed Deposit has the highest stability ratings with CRISIL’s FAAA/Stable rating and ICRA’s MAAA (stable) rating, so your investments are never at risk.
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Flexible Tenors
When investing in a Bajaj Finance Fixed Deposit, you can choose the tenor between 12 and 60 months, to suit your financial needs. This can help you with your liquidity needs, and you can ladder your investments to enjoy a higher cash inflow.
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Fixed Deposit Calculator
If you’d like to know your maturity amount and returns on your FD in advance, consider using FD Calculator to plan your finances beforehand.
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Minimum deposit of Rs. 25,000
The minimum deposit required to invest in a Bajaj Finance Fixed Deposit is Rs. 25,000, which makes it easier to invest. With this minimum deposit amount, you can start investing any time, without having to wait to accumulate a larger corpus. Even with a smaller minimum deposit amount, you can ladder your investments, and earn better returns.
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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. Save the hassle of submitting lengthy documentation, or waiting in 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
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Online Loan against Fixed Deposit
In case of emergencies, you can withdraw prematurely from the fixed deposit, post the initial lock-in period of 3 months. However, in order to avoid loss of interest, you can choose to avail a Loan against Fixed Deposit, where you can take an easy loan. However, the amount of your Loan against FD cannot be more than 75% of FD value.
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Invest using debit card
Invest in FDs using debit cards (available in select locations only).
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Auto renewal
When filling your FD application form, you can choose to auto-renew your FD and save the hassle of filling in the renewal form again during maturity.
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Multi deposit facility
When filling your FD application form, you can also choose to invest in multiple deposits through a single cheque payment. Opt for different tenors and interest payment frequencies for each of these deposits. In case you need urgent cash, you can prematurely withdraw from a single deposit, without having to break all other deposits.
Investing in a Bajaj Finance Fixed Deposit offers you a balance of convenient investment process, lucrative interest rates of up to 7.35%, and safety of your deposits, which makes it one of the safest investment option for you to grow your savings easily.
Fixed Deposit FAQs
• How much amount can be deposited in Fixed Deposit?
To invest in a Bajaj Finance Fixed Deposit, you can start investing with an amount of Rs. 25,000. In case you wish to deposit an amount higher than Rs. 5 crore, you need to get in touch with our representative.
• Can I get monthly interest on FD?
You can easily get monthly interest on your FD, by choosing the option of periodic payouts that enable you to get interest on a monthly, quarterly, half-yearly or yearly basis. However, the interest on your deposits may differ as per your choice. To check monthly interest rates, please use our FD Calculator.
• How can I invest in FD?
Investing in a Bajaj Finance Fixed Deposit is very easy. If you’re an existing customer, you can easily visit our online investment form and invest right away. New customers can also fill the online application form and get started on your investment journey. You can also visit any of our FD branches and invest through debit card or cheque.
• What is the minimum period for a Fixed Deposit?
The minimum period for a Bajaj Finance Fixed Deposit is 12 Months.
• What happens to FD after maturity?
You can always consider renewing your Bajaj Finance Fixed Deposit, as you approach the maturity period. However, in case you don’t choose to renew your Bajaj Finance Fixed Deposit, you can receive the final maturity amount directly in the bank account linked with your FD.
• Can I withdraw my deposit before maturity?
There is a fixed 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 an easy Loan against Fixed Deposit, so you can cater to your urgent finance requirements, without having to break your FD.
