Armori is known for its rich cultural heritage and scenic landscapes, provide a secure investment option for local residents and investors alike. With various financial institutions offering competitive interest rates, investors can earn stable returns on their savings while enjoying peace of mind. Fixed deposits in Armori cater to different investment durations and financial goals, making them suitable for individuals, families, and businesses. The safety and reliability of fixed deposits make them a popular choice among conservative investors seeking steady growth and income generation, contributing to the financial stability and prosperity of the community.
Also read: NRE vs NRO Fixed Deposits.
Features and benefits of Bajaj Finance Fixed Deposit
- Competitive Interest Rates up to 8.50% p.a.
Bajaj Finance is renowned for providing highly competitive rates, guaranteeing significant returns on investments that remain secure irrespective of market fluctuations. - Enhanced rates for senior citizens
Senior investors can benefit from an extra boost in interest rates of up to 0.40% p.a., making it an appealing choice for retirees. - Highest credit ratings
Bajaj Finance upholds exceptional financial stability and reliability, evidenced by its top credit ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, ensuring security for your deposits. - Loans against fixed deposit
Get loans of up to 60% on non-cumulative FDs or up to 75% on cumulative FDs without prematurely breaking your FD
Eligibility criteria for FD
Nationality:
- Resident Indians and Non-Resident Indians
Fixed deposits cater to a wide range of investors: including:
- Individuals
- Senior citizens
- Minors
- Sole proprietorships
- Partnership firms
- Hindu Undivided Families (HUFs)
- Clubs
- Associations
- Societies
- Family trusts
FD Interest rates in Armori
FD rates for customers below the age of 60
Tenure in months |
Cumulative (interest + principal amount payment at maturity) |
Non-cumulative (interest payout at a defined frequency, principal paid at maturity) |
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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% |
15-17 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
18* |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
19-21 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
22* |
7.90% |
7.63% |
7.68% |
7.75% |
7.90% |
23 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
24-32 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
33* |
8.10% |
7.81% |
7.87% |
7.94% |
8.10% |
34 - 35 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
36-43 |
8.10% |
7.81% |
7.87% |
7.94% |
8.10% |
44* |
8.25% |
7.95% |
8.01% |
8.09% |
8.25% |
45 - 60 |
8.10% |
7.81% |
7.87% |
7.94% |
8.10% |
FD rates for customers above the age of 60
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% |
15-17 |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
18* |
8.05% |
7.77% |
7.82% |
7.89% |
8.05% |
19-21 |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
22* |
8.15% |
7.86% |
7.91% |
7.99% |
8.15% |
23 |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
24-32 |
8.20% |
7.91% |
7.96% |
8.04% |
8.20% |
33* |
8.35% |
8.05% |
8.10% |
8.18% |
8.35% |
34 - 35 |
8.20% |
7.91% |
7.96% |
8.04% |
8.20% |
36-43 |
8.35% |
8.05% |
8.10% |
8.18% |
8.35% |
44* |
8.50% |
8.19% |
8.24% |
8.33% |
8.50% |
45 - 60 |
8.35% |
8.05% |
8.10% |
8.18% |
8.35% |
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