Fixed Deposit in Chennai

Fixed Deposits (FDs) in Chennai offer safe and guaranteed returns of up to 7.75% p.a., helping you grow your savings with stable interest income.
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FD in Chennai
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4 min
Sep 22, 2026

Chennai, known for its cultural heritage and strong economic foundation, presents numerous opportunities for financial growth. With its diverse population and emphasis on financial security, fixed deposit in Chennai remains a preferred investment option for residents looking for safe and dependable returns.


What is fixed deposit?

A fixed deposit (FD) is a safe investment option offered by many financial institutions. You deposit a lump sum for a set tenure at a fixed deposit interest rates. At the end of the term (maturity), you receive your principal along with the accumulated interest.


Benefits of Bajaj Finance fixed deposit in Chennai

Bajaj Finance FDs in Chennai combine safety with convenience. Investors enjoy high interest rates, flexible tenures, and quick online booking, along with added security through top credit ratings.

  • Attractive returns up to 8.15% p.a.

     Earn up to 7.75% p.a. as a regular customer and up to 8.15% p.a. as a senior citizen.

  • Highest credit ratings

     ICRA AAA(Stable) and CRISIL AAA/STABLE ratings assure strong financial credibility and deposit safety.

  • Loan against fixed deposit

     Get loans up to 60%–75% of your FD value without breaking your investment.


Fixed deposit interest rates in Chennai

Bajaj Finance has built a strong local presence in Chennai, offering residents easy access to one of India’s most trusted fixed deposit schemes. With competitive FD rates, flexible options, and a customer-first approach, it is a reliable way to grow your savings securely.

  • Strong local presence in Chennai: With branches and digital support, customers in Chennai can easily open, manage, or renew FDs without hassle.
  • Special senior citizen benefits: Senior citizens enjoy up to 0.40% higher interest rates, making it an excellent option for retirement planning.
  • Online account management and auto-renewal: Book and track your FD online, set up auto-renewal, and enjoy a completely paperless, time-saving process.

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 amounts from Rs. 15,000 to Rs. 3 crore (w.e.f 01 May, 2026).

Non-Senior Citizens
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 17 6.60% 6.41% 6.44% 6.49% 6.60%
18 - 30 6.85% 6.64% 6.68% 6.74% 6.85%
31 – 60 7.40% 7.16% 7.20% 7.27% 7.40%

FD rates for customer above the age of 60

Fixed Deposit annualised rate of interest for senior citizens is valid for deposit amounts from Rs. 15,000 to Rs. 3 crore (w.e.f 01 May, 2026).

Senior Citizens
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 17 6.95% 6.74% 6.78% 6.83% 6.95%
18 - 30 7.20% 6.97% 7.01% 7.08% 7.20%
31 - 60 7.75% 7.49% 7.53% 7.61% 7.75%

Why choose Bajaj Finance FD in Chennai?


Step-by-Step: How to open an FD in Chennai

Opening a Bajaj Finance FD in Chennai is quick, secure, and fully online

  • Choose investment amount & tenure

     Decide how much you want to invest and select a suitable duration

  • Fill application form online

     Complete the FD booking form on the Bajaj Finance website or app

  • Upload KYC documents

     Submit your Aadhaar, PAN, and other required documents online

  • Transfer funds securely

     Pay your investment amount via net banking, UPI, or debit card

  • Receive the FD certificate

     Once processed, your FD certificate will be shared digitally


Fixed Deposit eligibility & documents in Chennai

Anyone in Chennai can invest in a Bajaj Finance FD, provided they meet basic eligibility and KYC requirements.

Eligibility

  • Indian resident: Individual, senior citizen, or minor
  • NRI (Non-Resident Indian)
  • Business owner/Partner
  • Clubs, associations, societies, or family trusts

Documents Required

  • PAN card
  • Any KYC document: Aadhaar, Passport, Voter ID, Driving Licence
  • Passport-size photograph

Conclusion

Fixed deposits offer Chennai's residents a smart way to grow savings while achieving financial goals. By researching options, selecting wisely, and employing the right strategies, you can make FDs work for your aspirations in this thriving city.


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

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Frequently asked questions

How can I get the best FD rates in Chennai?

To get the best FD rates in Chennai, compare offerings from various banks and NBFCs. Choose issuers known for high credit ratings and flexible tenures. Senior citizens, in particular, may get higher rates. Online platforms can also help identify the most competitive options.

What are the FD interest rates in Chennai for senior citizens?

Senior citizens in Chennai typically enjoy higher FD interest rates, for example Bajaj Finance offers an extra intertst rate of up to 0.40% p.a. on FDs for Senior citizens. These rates vary across financial institutions, so comparing options from banks and NBFCs can help secure the most attractive returns.

Are FD interest earnings taxable in Chennai?

Yes, FD interest earnings in Chennai are taxable as per the individual's income tax slab. If the annual interest exceeds Rs. 40,000 (Rs. 50,000 for senior citizens), TDS (Tax Deducted at Source) may be applicable. Submitting Form 15G/15H can help avoid TDS under certain conditions.

What is the tenure range for fixed deposits in Chennai?

Bajaj Finance Fixed deposits in Chennai are available with flexible tenures ranging from 12 months to 60 months. You can choose the duration based on your financial goals—short-term, medium-term, or long-term. Longer tenures generally offer higher interest rates.

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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.