Fixed Deposit (FD) features

Read on to know why our fixed deposit is the best investment option for you.

Features and benefits of our fixed deposit

Features & benefits of our fixed deposit

If you’re looking for a stable and high-yielding investment option, Bajaj Finance’s Fixed Deposit is your answer. Watch this video to know more about its key features.

  • Earn secured returns from 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.

  • FD features

    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.

  • FD features

    Highest credit ratings

    Our highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings ensure that your deposits are secured with us.

  • FD features

    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.

  • FD features

    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).

  • FD features

    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.

  • FD features

    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

  • FD features

    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.

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More details:

A fixed deposit is a savings option that helps you earn interest on savings invested with a financial institute of your choice. You can choose to get returns periodically or at maturity. The rate of interest earned is higher than money kept in savings accounts.

With Bajaj Finance, you get attractive FD interest rates of up to 8.60%, along with the convenience of investing from the comfort of your home with an end-to-end paperless investment process.
Investing in a fixed deposit is the best way to safeguard your savings with market volatility and unprecedented market movements. Bajaj Finance provides investors with the dual benefit of the safety of deposit and attractive returns owing to the high FD interest rates.
 

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
months
Cumulative
(interest + principal amount payment at maturity)
Non-cumulative
(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%

FD rates for senior citizens (customers above 60 years) (inclusive of additional rate benefit of up to 0.25% p.a.)

Revised interest rates 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
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%
>15-17 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 - 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%

Frequently asked questions

What is the minimum amount for investing in a Bajaj Finance Fixed Deposit?

You can start saving with just Rs. 15,000 in Fixed Deposit or start saving with just Rs. 5,000 per month in a Systematic Deposit Plan.

Will the new rate apply to my existing deposit?

No. Since you have locked booked your FD with us at a specific rate, you will continue receiving that rate until maturity.

Can I withdraw from my fixed deposit before maturity?

Yes, you can withdraw from your fixed deposit after a minimum lock-in period of 3 months. However, this may lead to a loss of interest, which can be avoided by taking a loan against a fixed deposit at nominal interest rates.

What are the benefits of the Bajaj Finance Fixed Deposit?

The Bajaj Finance Limited Fixed Deposit offers a host of benefits, such as:

  • The minimum deposit amount is Rs. 15,000
  • Rated FAAA/ Stable by CRISIL and MAAA/ Stable by ICRA, which means the highest safety of your money
  • Attractive rate of interest for your money to grow periodically.
  • Choose an investment tenure from 12 to 60 months
  • Branch presence across over 1,000 locations in India
  • Access to all product details on our customer portal – My Account
  • The flexibility of payment options through electronic or physical modes
  • Special rates for senior citizens, existing customers, and group employees
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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.