Interest Rates for a 2 Year FD

Discover competitive 2-year FD rates for secure investments. Maximise your savings with attractive interest rates. Explore options now.
3 mins
05 January 2024

If you have a short-term financial goal to fulfil saving and setting aside the savings in a stable investment tool is a wise way of getting things done seamlessly. To accomplish this task, you should consider investing in tools that keep your capital safe and facilitate the growth of your money. Fixed-income instruments like the good old Fixed Deposit are sound investment tools that can help you in achieving these short-term goals. Bajaj Finance offers one of the highest FD rates amongst NBFCs that provide the FD facility. Fixed deposits offered by Bajaj Finance are smart investment options in the long run as well as for short-term investments.

Say an individual is planning to get married in 2 years which will require a substantial amount of money. Instead of just saving surplus in a savings or RD account they can go for an FD for 2 years. With decent 2 year FD interest rates, they can earn a substantial amount over and above the initial deposit amount. This will keep the corpus safe and help them grow their savings at the best FD rates for 2 years, i.e. a significantly higher rate than savings accounts.

If you are someone who’s also anticipating a milestone in life which might require a free flow of cash then planning to invest in a Bajaj Finance Fixed Deposit will help you achieve it effortlessly. Bajaj Finance offers one of the highest FD interest rates for 2 years.

Bajaj Finance FD offers fixed deposit interest rates up to 8.60% p.a. for non-senior citizens. Senior citizens can earn up to 8.85% p.a. as they get an additional rate benefit of up to 0.25% p.a. on their deposits. The interest rates applicable on deposits made up to Rs. 5 crore are given below.

Bajaj Finance FD interest rates for non-senior citizens

Tenure in months

Cumulative (interest + principal amount payment at maturity)

Non-cumulative (interest payout at a 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%

16-17

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%

36-41

8.05%

7.77%

7.82%

7.89%

8.05%

42*

8.60%

8.28%

8.34%

8.42%

8.60%

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%


Also, senior citizens get additional rate benefits of 0.25% p.a. on their deposits.

Here’s a table of the latest interest rates senior citizens can get on their deposits.

Tenure in months

Cumulative (interest + principal amount payment at maturity)

Non-cumulative (interest payout at a 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

7.65%

7.39%

7.44%

7.51%

7.65%

15*

7.70%

7.44%

7.49%

7.56%

7.70%

16-17

7.75%

7.49%

7.53%

7.61%

7.75%

18*

7.65%

7.39%

7.44%

7.51%

7.65%

19-21

7.75%

7.49%

7.53%

7.61%

7.75%

22*

7.75%

7.49%

7.53%

7.61%

7.75%

23

7.75%

7.49%

7.53%

7.61%

7.75%

24

7.80%

7.53%

7.58%

7.65%

7.80%

25-29

7.60%

7.35%

7.39%

7.46%

7.60%

30*

7.70%

7.44%

7.49%

7.56%

7.70%

31-32

7.60%

7.35%

7.39%

7.46%

7.60%

33*

8.00%

7.72%

7.77%

7.85%

8.00%

34-35

7.60%

7.35%

7.39%

7.46%

7.60%

36-41

8.30%

8.00%

8.05%

8.13%

8.30%

42*

8.85%

8.51%

8.57%

8.66%

8.85%

43

8.30%

8.00%

8.05%

8.13%

8.30%

44*

8.60%

8.28%

8.34%

8.42%

8.60%

45-60

8.30%

8.00%

8.05%

8.13%

8.30%


As you can see from the tables given above that you can get one of the best FD rates for 2 years.
Consider an example where a citizen aged below 60 chooses to invest Rs. 10,00,000 in a 2 years FD with Bajaj Finance they will get Rs. 10,56,500 at maturity. Similarly, if a senior citizen invests in an FD for 2 years they can get a handsome amount of Rs. 10,59,000 at the end of the 2-year tenure.
Investors can also benefit from a suite of other benefits apart from the high FD interest rates. Here are a few more reasons to invest in a Bajaj Finance FD for a short tenure.

You can calculate the estimated interest returns with the help of the Bajaj Finance FD Calculator.

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.