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. 3 crore (17 Sep, 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. 3 crore (17 Sep, 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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