Fixed Deposit in 24 Parganas

Learn about features and benefits for Bajaj Finance Fixed Deposit.
FD in 24 Parganas
4 min
27-April-2024

Fixed deposits are a popular and secure investment option available in 24 Parganas, a region known for its dense population and diverse economic activities. By investing in fixed deposit, investors can benefit from guaranteed returns at a fixed interest rate over a predefined period. Financial institutions in 24 Parganas offer various fixed deposit schemes tailored to meet different investment horizons and financial goals. These deposits are particularly appealing due to their low risk, making them an ideal choice for conservative investors. Additionally, fixed deposits may offer additional benefits like loan facilities against the deposit, which provides liquidity without breaking the deposit prematurely.

Features and benefits of Bajaj Finance Fixed Deposit

1. Attractive returns up to 8.50%p.a.

Bajaj Finance offers one of the most competitive interest rates in the market, ensuring high returns on your investment unaffected by market volatility.

2. Higher FD rates for special tenures

Enjoy enhanced interest rates on special tenure periods of 18, 22, 33, and 44 months, designed to maximise your earnings.

3. Higher FD rates for senior citizens

Senior citizens (aged 60 years and above) benefit from an additional interest rate of up to 0.40% p.a., providing them with a more lucrative investment option.

3. Highest credit ratings

With top-tier ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, Bajaj Finance ensures the utmost security for your deposits, safeguarding your investment.

4. Loan against fixed deposit

Bajaj Finance allows you to take loan against your FD without having to break it. Borrow up to 60% of the deposit amount on non-cumulative FDs, and up to 75% on cumulative FDs.

Eligibility Criteria for FD

Nationality:

  • Resident Indians and Non-Resident Indians are eligible to apply.

Investor Type:

  • Individuals, Senior Citizens, Minors, Sole Proprietorships, Partnership Firms, HUFs, Clubs, Associations, Societies, and Family Trusts.

Documents required for fixed deposit

Booking a Bajaj Finance Fixed Deposit requires a set of documents that verify your identity and eligibility. Here’s a detailed list of what you need:

  • A PAN card
  • Any one KYC document such as Aadhaar card, Passport, Driving license, or Voter ID

Fixed deposit vs gold

In 24 Parganas, choosing between fixed deposits vs gold as investment options involves considering risk tolerance, liquidity needs, and investment duration. Fixed deposits provide safety, predictable returns, and ease of investment, making them suitable for conservative investors seeking short to medium-term stability. They offer competitive interest rates and are less influenced by market fluctuations. On the other hand, gold, often seen as a hedge against inflation, can offer significant returns but is subject to market volatility. It serves as a valuable asset in times of economic uncertainty. Ultimately, the choice depends on individual financial goals and market conditions.

FD interest rates in 24 Parganas

FD rates for customers below the age of 60

Fixed Deposit annualised rate of interest for customers below the age of 60 is valid for deposit of up to Rs. 5 crore (03 Apr, 2024)

Tenure in months

At maturity

(p.a.)

Monthly

(p.a.)

Quarterly

(p.a.)

Half yearly

(p.a.)

Annual

(p.a.)

18*

7.80%

7.53%

7.58%

7.65%

7.80%

22*

7.90%

7.63%

7.68%

7.75%

7.90%

33*

8.10%

7.81%

7.87%

7.94%

8.10%

44*

8.25%

7.95%

8.01%

8.09%

8.25%


Customers below the age of 60 – Regular Period

Tenure in months

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 - 23

7.50%

7.25%

7.30%

7.36%

7.50%

24 - 35

7.80%

7.53%

7.58%

7.65%

7.80%

36 - 60

8.10%

7.81%

7.87%

7.94%

8.10%


FD rates for customers above the age of 60

Fixed Deposit Annualized rate of interest for senior citizens valid for deposit of up to Rs. 5 crore (03 Apr, 2024)

Senior Citizen – Special Period

Tenure in months

At maturity

(p.a.)

Monthly

(p.a.)

Quarterly

(p.a.)

Half-yearly

(p.a.)

Annual

(p.a.)

18*

8.05%

7.77%

7.82%

7.89%

8.05%

22*

8.15%

7.86%

7.91%

7.99%

8.15%

33*

8.35%

8.05%

8.10%

8.18%

8.35%

44*

8.50%

8.19%

8.24%

8.33%

8.50%


Senior Citizen – Regular Period

Tenure in months

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 - 23

7.75%

7.49%

7.53%

7.61%

7.75%

24 - 35

8.20%

7.91%

7.96%

8.04%

8.20%

36 - 60

8.35%

8.05%

8.10%

8.18%

8.35%


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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.