Fixed Deposit in Bahadurgarh

Understand how fixed deposit can help you grow your savings.
Fixed Deposit in Bahadurgarh
4 min
5-May-2024

For residents of Bahadurgarh seeking reliable and safe investment options, fixed deposits (FDs) offer a compelling solution. FDs provide guaranteed returns and protection of your principal, making them ideal for achieving your financial goals, whether it is short-term saving for a down payment or long-term planning for retirement. With FDs, you can grow your savings while ensuring financial stability for the future.

Understanding fixed deposit

A fixed deposit lets you deposit a lump sum for a set period at a fixed interest rate with a financial institution. Your returns are determined upfront, offering predictability and peace of mind. Unlike market-linked investments, FDs are not affected by fluctuations, making them a safe place for your hard-earned savings.

Features and benefits of Bajaj Finance Fixed Deposit

  1. Attractive returns up to 8.85% p.a.
    Bajaj Finance offers one of the most competitive interest rates in the market, ensuring high returns on your investment unaffected by market fluctuations.
  2. Higher FD rates on special tenures
    Bajaj Finance offer higher interest rates on special tenure of 18, 22, 33, 42 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. This makes Bajaj Finance FD an even better investment option for retirees.
  4. Highest credit ratings
    With top-tier ratings like [ICRA]AAA(Stable) and CRISIL AAA/STABLE. Bajaj Finance ensures the utmost security for your deposits, safeguarding your investment.
  5. Loan against fixed deposit
    Bajaj Finance allows you to borrow against your FD without having to break it. Borrow up to 60% of the deposit amount on non-cumulative FD, and up to 75% on cumulative FD.

Eligibility criteria for investing in Bajaj Finance FD

  • Nationality: Resident Indians and Non-Resident Indians (NRI) are eligible to apply.
  • Investor type: Individuals, senior citizens, minors, sole proprietorships, partnership firms, HUFs (Hindu Undivided Families), clubs, associations, societies, and family trusts.

Documents required

  • PAN card
  • One of the following KYC documents:
    • Aadhaar card
    • Passport
    • Driving license
    • Voter ID

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)

Bajaj Finance Digital FD

New Product Launch
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.60% 8.28% 8.34% 8.42% 8.60%

Customers below the age of 60 – Special Period

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)

Bajaj Finance Digital FD

New Product Launch
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.85% 8.51% 8.57% 8.66% 8.85%

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%

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.