Fixed Deposit App

Understand how to book a fixed deposit using the Bajaj Finserv app.
3 min
30-April-2024 

Fixed deposit (FD) is known for their safety, guaranteed returns, and ease of access. In today's digital age, opening and managing your FD has become even more convenient. With the Bajaj Finserv App, you can invest in a high-interest FD from the comfort of your home, entirely online.

Features of the Bajaj Finserv FD app

  • Simplified FD creation: Book your FD in minutes, entirely online. The app guides you through choosing your deposit amount, tenure, interest payout options, and more.
  • Online KYC: Complete the mandatory Know Your Customer (KYC) process within the app. Upload the required documents digitally for quick verification.
  • Secure payment: Transfer funds for your FD investment safely using various payment options like net banking or UPI.
  • Investment tracking: The app provides a user friendly dashboard displaying your active FD, their interest rates, maturity dates, and interest earned.
  • FD calculator: Use a built-in FD calculator to estimate your potential returns based on your investment amount, tenure, and interest rate.

Documents required for fixed deposit through the Bajaj Finserv App

  • PAN (Permanent Account Number): Your PAN is crucial for two reasons:
    • Financial tracking: The PAN links all your financial transactions, including your FD, helping the government monitor income and prevent tax evasion.
    • TDS applicability: If your FD interest earnings exceed a certain threshold, Tax Deducted at Source (TDS) will apply. Your PAN is necessary for deducting the TDS.
  • Any KYC document (Aadhaar card/Passport/Driving license/Voter ID): KYC is a mandatory process for all financial institutions. It helps verify your identity and address.

How to download the Bajaj Finserv app on the App Store?

Follow these simple steps to download the Bajaj Finserv app through the App Store

  • Open the Apple App store and search for the Bajaj Finserv app
  • Tap on Download icon to start the downloading process
  • Open Bajaj Finserv app, choose your preferred language and click ‘Proceed’ to continue
  • Login with your registered mobile number and OTP

How to download the Bajaj Finserv app through the Play Store?

Follow these simple steps to download and install the Bajaj Finserv app through Play Store:

  • Search for Bajaj Finserv App on Play Store and download it
  • Tap on ‘Install’ to start downloading
  • Once downloaded, open the Bajaj Finserv app
  • Accept the End User License

How to apply for fixed deposit via the Bajaj Finserv app?

  1. Open app: Open the Bajaj Finserv mobile app.
  2. Find the FD Section: Look for the investment section and select OPEN FD
  3. Verify Your Number: Enter your mobile number and verify the OTP sent to your mobile number.
  4. Provide investment details: Input your desired investment amount, tenure, and interest payout preferences. You will also need provide your PAN and date of birth.
  5. KYC process: Depending on your status as an existing or new customer, either confirm your existing KYC details or complete the process using your Aadhaar Card.
  6. Review and agree: Carefully read and agree to the displayed terms and conditions.
  7. Complete payment: Complete the investment by paying using the available payment options (net banking, UPI, or NEFT/RTGS).

If you are looking for a safe way to grow your savings with attractive returns, consider booking a Bajaj Finance FD. The Bajaj Finserv app makes the process incredibly fast and user-friendly. Download the Bajaj Finserv App today and take control of your financial future.

Frequently asked questions

Are FD apps safe?

FD apps are generally safe if provided by reputed financial institutions like Bajaj Finance. Ensure the app has security measures like encryption and two-factor authentication.

Are there any fees associated with using an FD app?

No, there is no fees, Bajaj Finserv app is totally free to use.

What happens if I forget my FD app login credentials?

If you forget your FD app login credentials, the Bajaj Finserv app provides options for password reset or recovery through phone. Follow the app's instructions to regain access to your account.

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.