How Bajaj Finance Fixed Deposit can help you earn higher returns

Know all the details about how Bajaj Finance Fixed Deposit can help you earn higher returns.

3 mins
12 Oct 2022

A fixed deposit, one of the most dependable investment options, ensures the protection of your money while generating a consistent income. This finally aids in achieving all your financial goals. When planning your expenses, you can evaluate the returns on your FD by conducting a little market research.

The following parameters help you get high returns on FD:

1. High rate of interest

Without a doubt, a fixed deposit (FD) is a secure way to increase your investments. Both, banks and other financial organisations provide FDs with varying interest rates. Before investing, you must be aware of the current FD rates on the market and compare them.

In contrast to banks, Non-Banking Financial Companies (NBFC) typically provide higher interest rates. The tenure you select for your investments will also affect the FD rates; a longer tenure results in larger returns. With just Rs. 15,000, you can invest in Bajaj Finance Fixed Deposit for a maximum tenure of up to 60 months. You can receive a maximum return of up to 8.60%.

In general, making an investment in an FD involves making a one-time, lump sum payment that will mature with interest. This maturity period is known as tenure. Bajaj Finance offers a wide range of FD tenure options from 12 to 60 months. In an emergency, you can also prematurely break your fixed deposit to withdraw money while still incurring an interest loss. Depending on when you decide to withdraw, you may incur a penalty or lose interest.

There is a 3-month lock-in period after which you can choose to withdraw the money before maturity. If no rate is specified for deposit term, the interest payable is less than 3% of the lowest interest offered by the institution.

Click here to check the Bajaj Finance Fixed Deposit interest rates for different tenures.

2. Special tenure

Fixed deposits come with assured returns and are naturally less risky. A financial institution like Bajaj Finance is a good place to start your fixed deposit. Starting with just Rs. 15,000 investment, you can earn interest of up to 8.60%. Apart from these, Bajaj Finance Fixed Deposit also offers some special interest rate for some specific tenures.

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 May 10, 2023)
 *special interest rates are offered on tenure of 15, 18, 22, 30, 33, and 44 months

Tenure in
(interest + principal amount payment at maturity)
(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 7.40% 7.16% 7.20% 7.27% 7.40%
15* 7.45% 7.21% 7.25% 7.32% 7.45%
>15-17 7.50% 7.25% 7.30% 7.36% 7.50%
18* 7.40% 7.16% 7.20% 7.27% 7.40%
19-21 7.50% 7.25% 7.30% 7.36% 7.50%
22* 7.50% 7.25% 7.30% 7.36% 7.50%
23 7.50% 7.25% 7.30% 7.36% 7.50%
24 7.55% 7.30% 7.35% 7.41% 7.55%
25-29 7.35% 7.11% 7.16% 7.22% 7.35%
30* 7.45% 7.21% 7.25% 7.32% 7.45%
31-32 7.35% 7.11% 7.16% 7.22% 7.35%
33* 7.75% 7.49% 7.53% 7.61% 7.75%
34-35 7.35% 7.11% 7.16% 7.22% 7.35%
36 - 43 8.05% 7.77% 7.82% 7.89% 8.05%
44* 8.35% 8.05% 8.10% 8.18% 8.35%
45-60 8.05% 7.77% 7.82% 7.89% 8.05%

Senior citizens get an additional 0.25% p.a.* rate benefit.

3. Flexible payout

Bajaj Finance offers two types of payouts on FD: cumulative and non-cumulative.

You can invest a lump sum of money in a cumulative FD for a specific period and receive the payout at maturity (tenure end). Since the interest is fully compounded and earned at maturity, the returns are excellent. For people who have a significant amount of money to set up for growth and want better returns, this is a great option.

You can receive a regular income if you choose the non-cumulative option. You can select monthly, quarterly, half-yearly, or yearly payout frequency. Due to incomplete compounding of interest, this alternative delivers lower returns. For individuals who depend on a regular income to achieve their financial objectives, it is an excellent choice.

You can calculate the returns on FD using an FD calculator.

4. High credibility

Security is the most crucial factor when it comes to investments. You should always ensure that your deposits are secure and give assured returns.

With the highest credit ratings - CRISIL AAA/STABLE and [ICRA]AAA(Stable) - you can invest confidently in Bajaj Finance Fixed Deposit. These rankings guarantee the maximum level of security for your money. The risk decreases with increasing credit rating.