Features and benefits of our senior citizen FD
- Get secured returns up to 8.60% p.a.
Grow your savings without any effect of market fluctuations.
Up to 0.25% p.a. p.a., the higher interest rate for senior citizens
Choose to receive returns on maturity or periodically.
Flexible tenure up to 60 months
Get higher returns on your investments by staying invested for longer.
Deposits start just Rs. 15,000
Start investing with a small amount and grow your savings with our fixed deposits.
Online account management
Check FD account balance, renew FD and download receipt via customer portal- Bajaj My Account
Senior citizen FD interest rates 2023
Senior citizen fixed deposit (FDs) are term deposit plans with exceptional interest rates available to individuals over the age of 60. Apart from the additional 0.25% p.a. rate of interest, these fixed deposit accounts offer a wide range of benefits to older residents. Regular interest payouts can provide a constant and reliable income source for seniors in their post-retirement years. If needed, they can also take out a loan against the FD.
Bajaj Finance offers assured returns on fixed deposits, making them the preferred investment avenue for senior citizens. The ease of transaction, certainty, the safety of deposit and online facilities make the Bajaj Finance FD an excellent choice for every investor, regardless of their risk appetite.
You can easily calculate the interest returns with the help of Bajaj Finance FD Calculator.
The Bajaj Finance Senior Citizen FD is designed to facilitate the unique requirements of senior citizens. By investing in this fixed deposit, senior citizens can reap additional rate benefits of up to 0.25% p.a. p.a. along with the option to get periodic payouts and a suite of other benefits to secure their post-retirement years.
*Conditions apply
| Interest rate | 8.60% p.a. |
| Minimum tenure | 1 year |
| Maximum tenure | 5 years |
| Deposit amount | Minimum deposit of Rs. 15,000 |
| Application process | Easy online paperless process |
| Online payment options | Net Banking and UPI |
Eligibility for senior citizen FD
All resident Indians above the age of 60 years of age can apply for senior citizen FD. The investor must have completed 60 years on the date on which he/she opens the FD account with Bajaj Finance.
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.
Documents required for opening senior citizen FD
Below are the documents required for applying to Senior citizen fixed deposit by Bajaj Finance.
PAN
Any KYC document: Aadhaar card/ Passport/ Driving license/ Voter ID
How to Invest in Bajaj Finance Fixed Deposit
Investing in a Bajaj Finance online FD is quick and easy. Follow the steps below:
- Click on 'Invest Online' to open our online form
- Enter your phone number, date of birth and OTP
- Existing customers only need to verify their details
- If you’re a new customer, you will be asked to enter your basic details for OKYC
- Choose the deposit amount, tenor, interest payout type and your bank details
- Pay the amount with net banking or UPI
Upon successful payment, your deposit will be booked, and you will receive an acknowledgement via e-mail and SMS within 15 minutes.
FD rates for senior citizens (customers above 60 years) (0.25% p.a. p.a. additional)
Revised interest rates for fixed 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% |
