Fixed Deposit in Gachibowli

Your guide to finding top FD interest rates in Gachibowli.
FD in Gachibowli
4 min
14-May-2024

Gachibowli, a prominent IT hub in Hyderabad, offers a dynamic environment for both businesses and residents. When it comes to securing your finances, Fixed Deposits (FDs) remain a popular choice due to their stability, predictable returns, and ease of access.

Benefits of investing fixed deposit

  • Guaranteed returns: Unlike market-linked investments that fluctuate based on market conditions, FDs offer a predetermined interest rate. This ensures predictable returns on your investment, fostering financial planning and goal setting.
  • Flexible tenure: FD come with a wide range of tenures, typically ranging from 7 days to 10 years. This flexibility allows you to choose a tenure that aligns with your financial goals and liquidity needs. Whether you are saving for a short-term objective like a vacation or a long-term goal like a child's education, there is an FD tenure to suit your needs.
  • Regular income: Some financial institutions offer interest payout options. You can choose to receive interest payments monthly, quarterly, half-yearly, annually, or at maturity, providing you with a steady stream of income. This can be beneficial for individuals seeking to supplement their monthly earnings or those with recurring expenses.
  • Loan facility: Many banks and NBFCs in Gachibowli offer loans against FD (LADF). This allows you to access a portion of your invested amount without prematurely withdrawing the deposit. This can be a valuable option for unforeseen expenses or short-term financial needs.

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. 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.

3. Highest safety ratings

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

4. Special tenures

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

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 up to Rs. 5 crore (03 Apr, 2024) 

*Experience higher interest rate of up to 8.50% p.a. on a 42-month Digital FD, available exclusively on our 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* 8.60% 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 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. 5 crore (03 Apr, 2024) 

*Experience higher interest rate of up to 8.50% p.a. on a 42-month Digital FD, available exclusively on our 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* 8.60% 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%

Eligibility for Bajaj Finance FD

  • Nationality: 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 secure and reliable way to grow your money. By understanding the benefits and tenures 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 right FD, you can secure your financial future in Gachibowli.

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You can use the Bajaj Finserv App to:

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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.