Fixed Deposit in Maharashtra

Find the highest Fixed Deposit interest rates in Maharashtra. Invest in top FD schemes with flexible tenures and assured returns for financial growth.
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FD in Maharashtra
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4 min
10-April-2025

Maharashtra, known as India’s economic powerhouse, caters to a wide spectrum of financial goals and investment preferences. Among the many investment avenues available, Fixed Deposit in Maharashtra stands out as a preferred option for those looking for security, stability, and assured returns over time.

What is a Fixed Deposit in Maharashtra?

A fixed deposit is a financial instrument offered by financial institutions where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. This interest is typically compounded, meaning you earn interest not only on your initial deposit but also on the accumulated interest over time.

Benefits of Bajaj Finance Fixed Deposit in Maharashtra

Bajaj Finance FDs in Maharashtra 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 7.30% p.a. 
    Earn up to 6.95% p.a. as a regular customer and up to 7.30% 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.

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 11 June, 2025).

Non-Senior Citizens
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 6.60% 6.41% 6.44% 6.49% 6.60%
15 - 23 6.75% 6.55% 6.59% 6.64% 6.75%
24 – 60 6.95% 6.74% 6.78% 6.83% 6.95%

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 11 June, 2025).

Senior Citizens
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 6.95% 6.74% 6.78% 6.83% 6.95%
15 - 23 7.10% 6.88% 6.92% 6.98% 7.10%
24 - 60 7.30% 7.07% 7.11% 7.17% 7.30%

Why choose Bajaj Finserv FD in Maharashtra?

Bajaj Finserv has built a strong local presence in Maharashtra, 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 Maharashtra: With branches and digital support, customers in Maharashtra can easily open, manage, or renew FDs without hassle.
  • Special senior citizen benefits: Senior citizens enjoy up to 0.35% 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.

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

Opening a Bajaj Finance FD in Maharashtra 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 Finserv 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 Maharashtra

Anyone in Maharashtra 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 deposit remains a popular investment option in Maharashtra due to their safety, security, and guaranteed returns. By understanding the various FD options available, comparing interest rates, and aligning your investment with your financial goals, you can make the most of this investment avenue and secure your financial future.

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

Investment Calculator

Fixed Deposit calculator

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Gratuity Calculator

Public Provident Fund Calculator

RD Calculator

EPF Calculator


Bajaj Finance Fixed Deposit Branches in Maharashtra
 

Fixed Deposit in Chembur East

Fixed Deposit in Dadar West

Fixed Deposit in Kalyan West

Fixed Deposit in Churchgate

Fixed Deposit in Ghatkopar East

Fixed Deposit in Hariniwas Circle

Fixed Deposit in Dombivli East

 

 

FAQs

What is the minimum amount for an FD in Maharashtra?

You can start a Bajaj Finance Fixed Deposit in Maharashtra with just Rs. 15,000, making it convenient for both new and seasoned investors.

Can I get higher rates as a senior citizen?

Yes. Senior citizens in Maharashtra enjoy an additional rate benefit of up to 0.35% p.a., ensuring higher earnings on their deposits.

How is the FD interest paid?

You can choose between cumulative (interest paid at maturity) or non-cumulative (monthly, quarterly, half-yearly, or yearly payouts) options.

Is premature withdrawal allowed?

Yes, premature withdrawal of FD is allowed in Maharashtra. However, it may attract a small penalty on the applicable interest rate.

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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.