Fixed Deposits in Doddaballapura

Understand the features and benefits of Bajaj Finance Fixed Deposit
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FD in Doddaballapura
OPEN FD
4 min
14-May-2024

Doddaballapura, a vibrant city on the outskirts of Bangalore, offers a plethora of investment opportunities for its residents. Among these, fixed deposits (FDs) remain a popular choice due to their safety, predictability, and ease of access.

Benefits of investing in fixed deposit

  1. Stability and security
    FD offer a safe haven for investors, providing assurance that their hard-earned money is protected from market fluctuations and economic uncertainties. Whether saving for a rainy day or planning for future expenses, FD provide peace of mind and financial stability.
  2. Assured returns
    Fixed deposits offer guaranteed returns, making them particularly appealing for individuals seeking a predictable source of income. In Doddaballapura, where many residents rely on steady streams of income to meet their financial needs, FDs serve as a reliable investment avenue. The assurance of fixed returns enables investors to plan their finances effectively and achieve their long-term objectives.
  3. Flexibility and convenience
    Fixed deposit come with a range of flexible options, allowing investors to tailor their investments to suit their specific requirements. From choosing the deposit amount and tenure to selecting the frequency of interest payouts, FD offer features that cater to diverse investor preferences. Moreover, many financial institutions provide convenient online banking services, allowing investors to manage their FD with ease from the comfort of their homes.

Features and benefits of Bajaj Finance Fixed Deposit

  1. Attractive returns
    Earn up to 8.65% p.a. with Bajaj Finance FD offering competitive rates and protection from market volatility.
  2. Senior citizen advantage
    If you are 60 years or above, enjoy an additional interest rate of up to 0.40% p.a. for a rewarding retirement income.
  3. Highest credit ratings
    With top ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, Bajaj Finance assures a high level of security for depositor's funds.
  4. Loan against fixed deposit
    Instead of prematurely withdrawing your FD, Bajaj Finance provides the opportunity to obtain a loan against it. You can borrow up to 60% of the value of non-cumulative FDs or up to 75% of cumulative FDs, allowing you to preserve your investment while meeting your financial requirements.

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 Fixed Deposit

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

Documents required

  • PAN card and any KYC document: Aadhaar card/ Passport/ Driving license/ Voter ID

Conclusion

Fixed deposits offer a secure and reliable way to grow your money. By understanding the benefits, types of FDs available you can make informed investment decisions that align with your financial goals and risk tolerance. Remember to compare interest rates offered by different institutions and choose an FD that best suits your requirements. With careful planning and the, you can build a secure financial future in Doddaballapura.

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.