Fixed Deposit for Home Expenses

Buying a home or renovating one is always an expensive affair. That down payment for a new one can drain your savings, and a makeover can set you back by 4-5 lakh. Add to that the hidden repairs in your old apartment. A corpus of fixed deposit (FD) built over the years can cover such expenses. You can use the interest income to pay for repairs and renovation.

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Your house loan may cover only 80% of the entire cost. To pay for the remaining amount, brokerage, stamp duty, and other associated costs, you can get a personal loan.


We all occasionally wish to remodel our bedrooms or purchase a new couch for the living room. As kids get older, they might require their own place. You would not want to skimp and make mistakes.


Sometimes all you need to transform your apartment into a luxurious home is some furniture, upholstered pieces, and lighting. These things were difficult to find ten years ago. Now that all of these items are freely accessible, you could truly indulge.


Every five years, a home needs major repair. You might need to work with civil contractors and an architect. Depending on the size of the residence, these repairs could cost anywhere from a lakh to ten lakh.


Your friend recently upgraded his flat to a smart house, complete with voice-activated lights, wireless heating, and remote security. Consider getting a clever makeover.

How to invest in a fixed deposit?

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A step-by-step guide to invest in a fixed deposit

1. Click on ‘Open FD' at the top of this page to open our online application form.
2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
3. Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN card and date of birth.
4. Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar.
5. A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
6. Complete your investment using NetBanking/ UPI or NEFT/ RTGS.

Once your fixed deposit is booked, you will receive the Fixed Deposit Acknowledgement (FDA) on your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be sent to your email ID within 3 working days (subject to documents being in the correct order).

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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
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.