Fixed Deposit in Bhagalpur

Your guide to finding top FD interest rates in Bhagalpur.
Fixed Deposit in Bhagalpur
4 min
6-May-2024

Bhagalpur, known for its rich history and silk production, is a city of opportunity. As the city grows and its residents seek financial stability, fixed deposits (FDs) offer a reliable and accessible investment avenue. FDs provide guaranteed returns, making them ideal for achieving your financial goals, whether it's planning for your child's future, a comfortable retirement, or an important purchase.

Understanding fixed deposits in Bhagalpur

A fixed deposit is a safe investment where you deposit a lump sum with a financial institution for a set period at a fixed interest rate. At maturity, you receive the principal amount along with the accumulated interest.

Features and Benefits

1. Attractive returns up to 8.85% p.a.

Bajaj Finance FDs offer competitive returns that remain stable despite market fluctuations, making them a secure investment choice.

2. Higher FD rates on special tenures

Specialised rates are provided for specific periods of 18, 22, 33, 42 and 44 months, offering chances for enhanced profits.

3. Increased FD rates for senior citizens

Citizens above 60 years of age, get an additional interest rate of up to 0.40% p.a. for a more rewarding retirement income.

4. Highest credit ratings

Bajaj Finance FDs hold top tier [ICRA]AAA (Stable) and CRISIL AAA/STABLE ratings, guaranteeing a secure environment for your deposited funds.

5. Loan against fixed deposit

Rather than withdrawing an FD prematurely, Bajaj Finance permits loans against it. Up to 60% of non-cumulative or 75% of cumulative FD values can be borrowed, allowing investors to maintain their deposits while accessing needed funds.

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%

Eligibility for Bajaj Finance FD

  • Nationality: Open to Resident Indians and Non-Resident Indians (NRIs)
  • Investor type: Individuals (including seniors and minors), Sole Proprietorships, Partnership Firms, HUFs, Clubs, Associations, Societies, and Family Trusts.

Documents required

  • PAN card
  • Any one KYC document:
    • Aadhaar card
    • Passport
    • Driving license
    • Voter ID

Conclusion

Fixed deposits offer a robust foundation for building financial security and achieving your goals in Bhagalpur. By researching your options, choosing carefully, and maximizing returns with thoughtful planning, you can make fixed deposits a powerful tool for a prosperous future in this vibrant city.

Calculate your expected investment returns with the help of our investment calculators

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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.