Fixed Deposit Interest Rates in India ✔ Bajaj Finance offers Best Interest Rate on FD ✔ Check Current FD Rates ✔ Invest in Bajaj FD and Get Highest Interest Rates up to 8.10% per annum ✔ Cumulative and Non-Cumulative FD Interest Rates Comparison ✔ Apply for online FD ✔ Avail Additional Rate of Interest for Senior Citizens ✔ Best Interest Rates for Existing Customers ✔ Additional Interest Rate on FD Renewal

FD Interest Rates (w.e.f. 10 Jul 2017)

Tenor in months Cumulative Non-cumulative
Monthly Quarterly Half yearly Annual
12 – 23 7.60% 7.35% 7.39% 7.46% 7.60%
24 – 35 7.80% 7.53% 7.58% 7.65% 7.80%
36 – 60 7.85% 7.58% 7.63% 7.70% 7.85%

How to Get the Best Rates On Your FD Investment?

A Fixed Deposit investment of 36 months and above can get you the best interest rates from us.

  • High interest rate for all:
    A rate of 7.85% is offered when you invest in a fixed deposit between 3 to 5 years (36 to 60 months), giving you a safe, reliable and beneficial way to invest and grow your savings.
  • Special rates for senior citizens—additional 0.25%:
    A rate of 8.10% is offered to individuals more than 60 years of age (age proof required) up to a deposit of Rs.1 crore.
  • Bajaj group employees—additional 0.10%:
    A rate of 7.95% is offered to Bajaj group employees (Bajaj Auto Ltd., Bajaj Finance Ltd., Bajaj Holdings & Investment Ltd., Bajaj Electricals Ltd., Bajaj Allianz Life Insurance Company Ltd, Bajaj Allianz General Insurance Company Ltd., Maharashtra Scooters Ltd. and Mukand Ltd.)
  • Existing loan customer—additional 0.10%:
    A rate of 7.95% is offered to our existing loan customers for a deposit size up to Rs.1 crore.
  • Benefits on renewal:

    Additional 0.10% on renewal of your existing Fixed Deposit from Bajaj Finance over & above card rate.
    A rate of 8.20% is offered to senior citizen customers on Fixed Deposit renewal.
    A rate of 8.05% is offered to Bajaj group employees and Bajaj Finance existing loan customers on renewal.

Features of Bajaj Finance FD
Deposit Amount Starting Rs. 25, 000
Rate of Interest Up to 8.10%
Benefits on renewal 0.10% over and above the rate of interest
High on Stability and Credibility FAAA/Stable rating by CRISIL
MAAA (Stable) rating by ICRA

Cumulative FD Vs. Non-Cumulative FD: A Comparison:

Bajaj Finance offers two type of FDs based on when the interest is paid out:

  • Cumulative FDs:
    This FD scheme offers investors the interest payable at the time when the FD matures.
  • Non-cumulative FDs:
    This FD scheme offers investors interest on a monthly, quarterly, half-yearly or annual basis.

Advantage of a Cumulative FD:

Helps you build a corpus by adding the principal amount invested and the interest over your selected tenure, payable at the time when your FD matures. This may be a minimum of 12 months or go up to 60 months.

Advantage of a Non-Cumulative FD:

Helps you earn interest at regular intervals, thus adding to your income. You may choose the time period during your tenure application, which may be monthly, quarterly, half-yearly or annually.

Here’s how the interest amount will change when you choose a Cumulative vs. a Non-Cumulative FD:

Cumulative Non-Cumulative (monthly)
FD amount Rs.10,00,000 Rs.10,00,000
Tenure 5 years 5 years
Interest rate 7.85% 7.58%
Interest earned Rs.4, 59, 153 Rs.3, 79, 000
Maturity amount Rs.14, 59, 153 Rs.13, 79, 000