FD Calculator
Plan your investments better
FD rates for customers below the age of 60
Fixed Deposit annualised rate of interest for customers below the age of 60 is valid for deposit up to Rs. 5 crore (w.e.f 10 May, 2023)
*special interest rates are offered on tenure of 15, 18, 22, 30, 33, and 44 months
Customers below the age of 60 – Special Period
| Tenure in |
months At maturity (p.a.) |
Monthly (p.a.) |
Quarterly (p.a.) |
Half yearly (p.a.) |
Annual (p.a.)
|
|
|---|---|---|---|---|---|
| 15* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
| 18* | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 22* | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
| 30* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
| 33* | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 44* | 8.35% | 8.05% | 8.10% | 8.18% | 8.35% |
Customers below the age of 60 – Regular Period
| Tenure in |
months 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% |
| >15-23 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
| 24 | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% |
| 25-35 | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% |
| 36 - 60 | 8.05% | 7.77% | 7.82% | 7.89% | 8.05% |
FD rates for customers above the age of 60
Fixed Deposit annualised rate of interest for senior citizens valid for deposit up to Rs. 5 crore (w.e.f 10 May, 2023)
*special interest rates are offered on tenure of 15, 18, 22, 30, 33, and 44 months
Senior Citizen – Special Period
| Tenure in |
months At maturity (p.a.) |
Monthly (p.a.) |
Quarterly (p.a.) |
Half yearly (p.a.) |
Annual (p.a.)
|
|
|---|---|---|---|---|---|
| 15* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
| 18* | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 22* | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 30* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
| 33* | 8.00% | 7.72% | 7.77% | 7.85% | 8.00% |
| 44* | 8.60% | 8.28% | 8.34% | 8.42% | 8.60% |
Senior Citizen – Regular Period
| Tenure in |
months 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% |
| >15-23 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 24 | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% |
| 25 - 35 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 36 - 60 | 8.30% | 8.00% | 8.05% | 8.13% | 8.30% |
Fixed deposit for your future plans
3 unique variants of our deposits
-
Term Deposit
We offer term deposits, commonly referred to as fixed deposits, starting from as low as Rs. 15,000. You can open a fixed deposit online and opt for a range of tenures from 12 months to 60 months. From time to time, we offer special tenures with higher interest rates. In our fixed deposit, you invest a fixed amount for a fixed tenure and get the interest either at maturity or at a defined frequency.
-
Systematic Deposit Plan- Single Maturity Scheme (SMS)
We have created a special deposit plan for customers interested in making regular deposits. It is referred to as a Systematic Deposit Plan (SDP). In an SDP, you can invest as low as Rs. 5,000 every month for a defined tenure (12 to 60 months). Under the Single Maturity Scheme (SMS), you get the ‘principal + interest’ at maturity. The interest on each new deposit is calculated based on the prevailing interest rates in the deposit month.
-
Systematic Deposit Plan- Monthly Maturity Scheme (MMS)
We have created a special deposit plan for customers interested in making recurring deposits, referred to as a Systematic Deposit Plan (SDP). In an SDP, you can invest as low as Rs. 5,000 every month for a defined tenure (12 to 60 months). Under the Monthly Maturity Scheme (MMS), ‘principal + interest’ for each deposit is paid monthly, on maturity of each deposit.
Features and benefits of our fixed deposit
00:32
Features and benefits of our Fixed Deposit
Watch this video to know more about the key features of a Bajaj Finance Fixed Deposit
-
Higher FD rates on our special tenures
We offer higher FD rates on our special tenures of 15, 18, 22, 30, 33, and 44 months.
-
Earn secured returns up to 8.60% p.a.
Get the highest interest rate on a tenure of 44 months. The longer you invest, the more returns you get.
-
Higher FD rates for senior citizens
If you are a senior citizen (over 60 years of age), you get up to 0.25% p.a. additional FD interest rate.
-
Highest credit ratings
Our highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings ensure that your deposits are secured with us.
-
Flexible interest payout
We offer monthly, quarterly, half-yearly, and yearly interest payout options. You also have the option of full payout (interest + principal) at the end of the tenure (maturity).
-
End-to-end online process
We have created an end-to-end online process where you can book an FD without going to any branch.
-
Dedicated customer portal (My Account)
Manage your FD online. Download your Fixed Deposit Receipt (FDR), Interest Certificate (IC), Statement of Accounts (SOA) and other relevant documents.
Login to My Account -
Loan Against your Fixed Deposit (LAFD)
You can raise a loan against your fixed deposit. For cumulative deposit, loan of up 75% of your invested amount and 60% of your FD in case of non-cumulative FD.
Eligibility criteria and documents required
Anyone can book our fixed deposit if they meet the basic criteria mentioned below.
-
Nationality
Resident Indians / Non-Resident Indians
-
Investor Type
Individuals, Senior Citizens, Minors, Sole Proprietorships, Partnership Firms, HUFs, Clubs, Associations, Societies, and Family Trusts
-
Documents Required
PAN and any KYC document: Aadhaar card/Passport/Driving license/Voter ID
-
*Documents can also be fetched from registered KYC.
You can update KYC Via CKYC, OKYC & Digi locker
Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) can connect with our representative or write to us on wecare@bajajfinserv.in.
-
Did you know?
Senior citizens get a higher rate of return on their investments.
-
Did you know?
You can opt for a loan against your fixed deposit investment.
-
Did you know?
You can choose a cumulative or non-cumulative fixed deposit
-
Did you know?
Bajaj Finance FD is highest CRISIL AAA/STABLE and [ICRA]AAA(Stable) rated.
How to invest in a fixed deposit?
01:07
How to renew your fixed deposit ?
You have the option to renew your FD up to 24 hours before maturity. Follow the 6 steps below:
-
Step 1:
Sign in to our Customer Portal – My Account with your registered date of birth, mobile number, and OTP.
-
Step 2:
Click on ‘My Relations’, available on your home page. Click on ‘View All’ to see all your relationships with us.
-
Step 3:
Of all your relationships, select the fixed deposit that you want to renew, and click on ‘Renew your Fixed Deposit’.
-
Step 4:
All the details about your FD, including interest rate and maturity amount, will be shown along with the bank details. Click on ‘PROCEED’.
-
Step 5:
Choose from the three renewal options – ‘Principal’, ‘Principal + Interest’ or ‘Partial Renewal’. Also, select the payout frequency and tenure.
-
Step 6:
Accept the Terms and Conditions and verify your renewal details using the OTP sent on your mobile number.
Pro tip
Maximise your FD returns by opting for longer tenures to harness the power of compounding for higher payouts over time.
Frequently asked questions
Fixed Deposit is an investment tool offered by banks and non-banking financial institutions (NBFCs), through which you can invest your money for a specific amount of time at a fixed interest rate.
When you invest in an FD, the financial institution assures you that it will return your money at the end of the tenure, often known as the maturity period, and will also pay you interest.
Bajaj Finance offers flexible tenure options to all customers. While investing, you can choose any tenure from 12 months to 60 months. The interest rate for each investment varies based on the tenure selected by the investor. Bajaj Finance also offers special returns on special tenures of 15, 18, 22, 30, 33, and 44 months.
The minimum amount for investing in a fixed deposit with Bajaj Finance is Rs. 15,000.
Bajaj Finance allows premature withdrawal option for fixed deposits to all the depositors, which allows them to close the FD before the scheduled maturity date.
Click Here to know more about how to avoid premature FD withdrawal.
A fixed deposit is a one-time investment option that allows you to invest lumpsum money for a particular duration at the interest rates applicable during the time of investment.
A systematic deposit plan is a monthly investment option in which the customer can make small monthly instalments starting at just Rs. 5,000.
Each investment done every month acts as a fresh FD and will have different rates based on the interest rate applicable during investment.
There is no limit to the number of deposits you can make with Bajaj Finance Fixed Deposit. Presently Bajaj Finance offers FD rates up to 8.60% p.a.
Customers looking for online FD booking can invest between Rs. 15,000 to Rs. 5 crore in Bajaj Finance Fixed Deposit.
For offline investors, there is no upper limit to the investment amount.
Yes, you can obtain monthly interest on a fixed deposit by selecting an FD non-cumulative monthly scheme.
With the non-cumulative scheme by Bajaj Finance, customers can choose to fund their regular expenses by getting a periodic income.
Investing in Bajaj Finance Fixed Deposit is easy. You can invest in FD via either online or offline mode. You can invest offline through your nearest branches or our representatives.
Yes, investing in Bajaj Finance Fixed Deposit is safe. It is accredited with [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings, which indicate the highest level of safety and lowest investment risk.
The tenure for Bajaj Finance Fixed Deposit ranges from 12 to 60 months.
In India, FDs have gained popularity as a means of saving money. These low-risk investments come with tax advantages and a fixed interest rate on your deposit. They are a safe and secure option, and opening an FD is hassle-free. You can earn interest on your deposits by investing in FDs.
With highest credit rating of CRISIL AAA/STABLE and [ICRA]AAA(STABLE), Bajaj Finance offers higher FD rates of up to 8.60% p.a. to senior citizens, and up to 8.35% p.a. for customers below 60 years of age. With a minimum amount of Rs. 15,000, you can start investing with an end-to-end online application process.
