Fixed Deposit for Retirement Fund

As famous saying goes, ‘slow and steady wins the race’; for those of us who started investing early and chose fixed deposits (FD). We can enjoy our retirement and relax with our financial planning in place. Over the years, your investment would have created a steady source of monthly income and the financial independence one would like to continue to enjoy even after retirement.

Here are some of the post-retirement expenses that an FD can help you meet:

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It is safe to say that old age comes with the uncertainty of medical health. Your FD can take care of such healthcare-related expenses.


The returns from your FDs create a steady source of monthly income after retirement from the interest income itself.


Now is the time to tick off all the boxes on your bucket list, visit places you always wanted to and perhaps go on to the pilgrimage too.


As a grandparent, you would always want to buy gifts for your grandchildren without depending on someone else. Again, interest coming from your FD can take care of these expenses.


While the interest income takes care of the monthly expenses, your principle is intact that you can withdraw anytime should there be a need.

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.