Fixed Deposit in Hyderabad

Grow your savings with fixed deposit in Hyderabad.
Fixed Deposit in Hyderabad
4 min
21-May-2024

Hyderabad, a thriving hub of economic activity, presents a range of investment options, with fixed deposits (FDs) being a popular choice for their stability. While post office FD rates often serve as a safety benchmark, Bajaj Finance FD emerge as an appealing alternative for investors seeking potentially higher returns and greater flexibility.

Why choose Bajaj Finance Fixed Deposit?

Bajaj Finance FDs offer a compelling combination of features that make them a popular choice for investors:

  1. Attractive interest rates: Bajaj Finance offers some of the most competitive interest rates in the market on its FDs, allowing your savings to grow significantly over time. With rates up to 8.85% p.a., you can rest assured that your money is working hard for you.
  2. Highest safety ratings: Bajaj Finance FDs hold the highest safety ratings like [ICRA]AAA(Stable) and CRISIL AAA/STABLE, assuring investors of the security of their investments. This is crucial, especially in times of market volatility.
  3. Flexible tenure options: Bajaj Finance understands that different financial goals come with different timelines. Whether you're looking for a short-term investment or a long-term savings plan, Bajaj Finance has you covered with tenure options ranging from 12 to 60 months.
  4. Special tenures for higher returns: To further enhance your returns, Bajaj Finance offers special tenures like 18, 22, 33, 42, and 44 months, which come with even higher interest rates. This allows you to tailor your investment to your specific financial goals and risk appetite.
  5. Senior citizen benefits: Bajaj Finance values the financial security of senior citizens. They offer an additional interest rate of 0.40% p.a. over and above the regular FD rates for individuals aged 60 and above.

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 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 criteria for booking a Bajaj Finance Fixed Deposit

Nationality:

  • Resident Indians:
  • Non-Resident Indians (NRIs)

Types of investors:

  • Individuals
  • Senior citizens
  • Minors
  • Businesses
  • HUFs (Hindu Undivided Families),
  • Other Organizations: Clubs, associations, societies, and family trusts.

Documents required

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

Conclusion

Bajaj Finance Fixed Deposit offer a compelling combination of high-interest rates, top-tier safety ratings, and flexibility, making them an excellent investment choice for individuals in Hyderabad. Whether you are a young professional saving for your first home or a retiree looking for a steady income stream, Bajaj Finance FD can help you achieve your financial goals with confidence.

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Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

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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.