Fixed Deposit in Bangalore

Learn more about fixed deposit interest rates in Bangalore.
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FD in Bangalore
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4 min
6-May-2024

Bangalore, known as India's Silicon Valley, is a hub of opportunity and a popular destination for young professionals and families. With a fast-paced lifestyle and rising living costs, it is essential to make smart financial decisions to secure your future. Fixed deposit (FD) offer a reliable and accessible investment option for Bangalore residents looking for stability and predictable returns.

Features and benefits of Bajaj Finance Fixed Deposit

  1. Competitive returns
    Earn attractive interest rates up to 8.85% p.a. on your investment, shielding your returns from potential market fluctuations.
  2. Special tenure
    Maximise your earnings with enhanced interest rates for select tenures: 18, 22, 33, 42 and 44 months.
  3. Senior citizen benefit
    If you are 60 or above, Bajaj Finance offers an additional interest rate of up to 0.40% p.a., making your FD an even more rewarding investment.
  4. Top-tier security
    Rest assured knowing your deposit is secure. Bajaj Finance holds the highest credit ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE.
  5. Loan against fixed deposit
    Bajaj Finance offers loan against your FD without necessitating its closure. You can borrow up to 60% of the deposit amount on non-cumulative FD and up to 75% on cumulative FD.

Eligibility criteria for booking an FD with Bajaj Finance

A. Nationality:

  • Resident Indians
  • Non-Resident Indians (NRIs)

B. Investor type:

  • Individuals (including senior citizens and minors)
  • Sole proprietorships
  • Partnership firms
  • HUFs (Hindu Undivided Families)
  • Clubs, associations, societies
  • Family Trusts

Documents required

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

FD Max rates for customers below the age of 60

Bajaj Finance FD Max annualised rate of interest for customers below the age of 60 is valid for deposit up to Rs. 25,000 (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.60% p.a. on a 42-month Digital FD Max, available on website and app.

Bajaj Finance Digital FD Max

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%

Special Period (FD MAX)
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
18* 8.00% 7.72% 7.77% 7.85% 8.00%
22* 8.10% 7.81% 7.87% 7.94% 8.10%
33* 8.30% 8.00% 8.05% 8.13% 8.30%
44* 8.45% 8.14% 8.20% 8.28% 8.45%

Regular Period (FD MAX)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.60% 7.35% 7.39% 7.46% 7.60%
15 - 23 7.70% 7.44% 7.49% 7.56% 7.70%
24 - 35 8.00% 7.72% 7.77% 7.85% 8.00%
36 - 60 8.30% 8.00% 8.05% 8.13% 8.30%

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 Rs. 25,001 and up to Rs. 3 crore (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.40% p.a. on a 42-month Digital FD, available exclusively on website and app.

Bajaj Finance Digital FD
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.40% 8.09% 8.15% 8.23% 8.40%

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 Max rates for customers above the age of 60

Bajaj Finance FD Max annualised rate of interest for senior citizens for deposit up to Rs. 25,000 (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.85% p.a. on a 42-month Digital FD Max, available on website and app.

Bajaj Finance Digital FD Max

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 (FD Max)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
18* 8.25% 7.95% 8.01% 8.09% 8.25%
22* 8.35% 8.05% 8.10% 8.18% 8.35%
33* 8.55% 8.23% 8.29% 8.37% 8.55%
44* 8.70% 8.37% 8.43% 8.52% 8.70%

Senior Citizen – Regular Period (FD Max)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.85% 7.58% 7.63% 7.70% 7.85%
15 - 23 7.95% 7.67% 7.72% 7.80% 7.95%
24 - 35 8.40% 8.09% 8.15% 8.23% 8.40%
36 - 60 8.55% 8.23% 8.29% 8.37% 8.55%

FD rates for customers above the age of 60

Fixed Deposit annualised rate of interest for senior citizen is valid for deposit Rs. 25,001 and up to Rs. 3 crore (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.65% p.a. on a 42-month Digital FD, available exclusively on website and app.

Bajaj Finance Digital FD
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.65% 8.51% 8.57% 8.66% 8.65%

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%

FD Interest Rate for Senior Citizens

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%

Fixed deposit Vs Gold

In Bangalore, 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.

Conclusion

Fixed deposits offer Bangaloreans a safe, predictable way to grow their savings and achieve their financial goals. By comparing options, understanding the features, and integrating them into a broader investment plan, you can maximise the benefits of FDs and build a bright financial future in this dynamic city.

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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.