Earn an Interest Rate of Over 8% on Bajaj Finance Fixed Deposits
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Earn an Interest Rate of Over 8% on Bajaj Finance Fixed Deposits

  • Highlights

  • Bajaj Finance Fixed Deposits offers you an interest of above 8%

  • Senior citizens can earn an interest up to 8.75%

  • Special tenor 15-month FD helps you earn 0.25% more returns than a 12-month FD

Keeping market volatility at bay and offering assured returns, fixed deposits (FDs) have been the most trusted and sought-after financial instruments for most Indians. Despite other investment avenues, FDs haven’t lost their favour among investors looking for assured returns.

But FDs have lost some sheen because of declining interest rates and this is a cause of concern for retirees and senior citizens, who depend on the interest income from FDs to address their regular needs. Notably, interest rates on bank FDs have dropped sharply, from near double digits to a little over 6%.

However, with Bajaj Finance Fixed Deposits, you can earn an interest rate of over 8% on your investment along with a host of benefits. Read on to know more.

A high interest rate for new customers and senior citizens

Bajaj Finance Fixed Deposits offer you an interest rate of 8.4% on your deposit. Senior citizens can earn an earn an additional interest rate of 0.35% over and above the regular rates. Hence, they can earn an interest rate up to 8.75% on their deposits, thereby ensuring high returns and income to sustain their monthly expenses.

The tables below highlights the rate of interest on a minimum deposit of Rs.25,000 for various tenors for cumulative and non-cumulative FD. While, in a cumulative deposit the interest along with the principal amount is paid at the end of the tenor on maturity, a non-cumulative deposit makes periodic payments (monthly, quarterly, half-yearly or yearly) as chosen.

For a cumulative deposit:

Tenor (in months)
Rate of interest
12-23
7.60%
24-35
8.15%
36-60
8.40%

For a non-cumulative deposit:

Tenor (in months)
Rate of interest
(Monthly)
(Quarterly)
(Half-yearly)
Yearly
12-23
7.35%
7.39%
7.46%
7.60%
24-35
7.88%
7.93%
8.00%
8.15%
36-60
8.13%
8.18%
8.25%
8.40%

Attractive rates for Bajaj Group employees, existing FD customers and loan customers

Bajaj Finance Fixed Deposit not only offers a high-interest rate to new customers, but also to the employees of the Bajaj Group, existing FD customers and its loan customers. It offers an additional rate of 0.25% over and above the applicable interest rate to these segments of customers.

Note that Bajaj Finserv offers a gamut of loans for self-employed and individuals including personal loan, home loan and business loan among others. Pre-approved offers on these loans make it easy to avail finance. All you need to do is to provide some basic details to know your pre-approved offer.

A special tenor FD offering 0.25% higher rate

With a flexible tenor ranging from 12-60 months, Bajaj Finance Fixed Deposit gives you the flexibility to choose a tenor tailored to meet your liquidity needs. However, there’s a special 15-month tenor FD where you can earn 0.25% more returns than what you would have earned on a 12-month FD.
Also, Bajaj Finance Fixed Deposits enjoy high stability ratings from ICRA (MAAA) and CRISIL (FAAA), which are a testimony of the safety of your deposits.

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