ROI up to 6.75%* on FD


How can senior citizens benefit from Bajaj Finance FDs? play

  • Highlights

  • Bajaj Finance FDs offer safety with better returns

  • Get easy access to loan against FD for emergencies

  • Application process for senior citizens is simple

  • Benefit from simpler eligibility criteria and documentation

Bajaj Finance Fixed Deposits are one of the best investment options for senior citizens, which enable you to enjoy high safety with better returns. You can look for one of the highest interest rates across India, with flexible tenor and minimum documentation.

Bajaj Finserv Fixed Deposit

Read along to find out what makes Bajaj Finance FDs one of the most preferred investments for senior citizens.


What are the various types of fixed deposits offered by Bajaj Finance?

Bajaj Finance offers special benefits to senior citizens with a Senior Citizen Fixed Deposit Scheme where they can get higher interest rates with ease.

Find out more about the FD types offered by Bajaj Finance below:

Cumulative fixed deposit: Here, the interest on your investment is compounded on an annual basis.

This is paid to you at the time of maturity along with the principal. This kind of fixed deposit is ideal for investors who are looking for their money to grow at a steady pace and are not looking for regular payouts.

Additional Read - Is Investing Gratuity Funds in Bajaj Finance FD a Good Idea?

Non-cumulative fixed deposit: In this fixed deposit, the interest that is payable on the principal is handed out regularly. You can choose to receive monthly, quarterly, semi-annual or annual payments.

Fixed Deposit for Senior Citizens

What are the benefits of Bajaj Finance Fixed Deposits for senior citizens?

- The tenor for fixed deposits offered by Bajaj Finance ranges from 12–60 months, so you can choose a period based on your financial needs and comfort.
- What makes the fixed deposit offered by Bajaj Finance unique is its high interest rate. It offers high interest for regular customers and higher than regular interest rates on Senior Citizen Fixed Deposits.
- The most important benefit of a fixed deposit is that it is not dependent on market fluctuations and is a safe senior citizen investment option. Once you invest your money, it grows steadily. You can safely lock your principal for a fixed period and earn interest without worrying about how the market is functioning.
- Another advantage of Bajaj Finance's Fixed Deposits is that you can get a loan against it. This helps you get access to funds in case of an unforeseen financial need.
- Bajaj Finance’s Fixed Deposit has been awarded with ICRA’s MAAA (Stable) Rating and CRISIL’s FAAA/Stable Rating making it extremely safe.
- You can invest as little as Rs.25,000. There is no upper limit for how much you can invest.
- You can apply for the fixed deposit online. Additionally, you can also track and manage your fixed deposit through Experia Portal login, Bajaj Finance's user-friendly customer portal.

Additional Read - Bajaj Finance Fixed Deposit for senior citizens.

Eligibility and documents required

As mentioned, an Indian citizen can apply for a Bajaj Finance Fixed Deposit. If you are applying for Bajaj Finance Senior Citizen Fixed Deposit, you need to be at least 60 years old.

Here are the documents you will need to submit to create an FD account:
- Filled-out form
- Passport size photograph
- Certified copy of your identity proof: This includes documents like your passport or voter’s ID
- Certified copy of your address proof: This includes documents like your electricity or telephone bill
- Certified copy of your proof of signature: This includes documents like your PAN card, driving license or passport

You can easily invest in Bajaj Finance Fixed Deposits and gain more returns that help you grow your wealth.

Bajaj Finance is now offering attractive rate of interest up to 7.35% p.a.

*For senior citizens, on a cumulative scheme tenor of 36-60 months

DISCLAIMER: The mentioned fixed deposit interest rates are indicative only, and may be subject to change periodically. Please check the interest rates on our website.

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