Fixed Deposit in Delhi

Understand the benefits of investing in fixed deposit, including guaranteed returns and flexible tenure options
OPEN FD
FD in Delhi
OPEN FD
4 min
11-May-2024

In the bustling financial landscape of Delhi, fixed deposit (FD) remain a preferred choice for those seeking stable and secure returns on their investments. With interest rates on the rise in 2024, FD are becoming even more attractive for risk-averse investors and those looking to diversify their portfolios.

Why choose fixed deposits?

  • Guaranteed returns: FD provide a predetermined interest rate, ensuring a fixed return upon maturity, regardless of market fluctuations. This makes them a haven for your hard-earned money
  • Flexible tenure: You can choose the investment duration that suits your financial goals, from a few months to several years
  • Senior citizen benefits: Many financial institution offer higher interest rates to senior citizens, making FD an ideal retirement savings option

Features and benefits of Bajaj Finance Fixed Deposit

  1. Attractive returns up to 8.65% p.a.
    Bajaj Finance offers fixed deposit interest rates up to 8.40% p.a. for customers below 60 years of age, and up to 8.65% p.a. for senior citizens. These competitive rates provide an opportunity for stable investment growth, regardless of market fluctuations.
  2. Enhanced returns with special tenures
    Bajaj Finance goes beyond standard tenure options, offering select investment periods like 18, 22, 33, 42 and 44 months that come with even higher interest rates. This allows you to tailor your fixed deposit to your financial goals while maximising potential returns.
  3. Highest credit ratings
    Bajaj Finance fixed deposit carry the highest credit ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE. These ratings signify the institution's robust financial stability and underscore its unwavering commitment to safeguarding your deposits.
  4. Loan against fixed deposit
    Bajaj Finance understands that unexpected financial needs may arise. To cater to such situations, they offer loan against your fixed deposit. This can help you to access funds without having to prematurely break your investment. Loan amounts can go up to 60% of the deposit for non-cumulative FD and up to 75% for cumulative FD, providing a flexible financial safety net while your investment continues to grow.

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 up to Rs. 3 crore (17 Sep, 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

New Product Launch
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.40% 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 rates for customers above the age of 60

Fixed Deposit Annualized rate of interest for senior citizens valid for deposit of up to Rs. 3 crore (17 Sep, 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* 8.65% 8.33% 8.38% 8.47% 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%

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 criteria for booking a Bajaj Finance FD

  • Indian resident: (Individual, senior citizen, minor)
  • NRI
  • Business owner/Partner
  • Clubs, association, society, or family trust

Documents required

  • Pan card
  • Any KYC document: Aadhaar card, Passport, voter ID, Driving license

Conclusion

Fixed deposit offers a secure and rewarding avenue to grow your savings in 2024. With rising interest rates and a wide array of financial institution offering attractive FD schemes, now is a great time to invest in this traditional yet dependable investment instrument. Remember to compare options, choose a tenure that suits your financial goals, and reap the benefits of guaranteed returns.

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.