Fixed Deposit in Pabnava

Learn more about fixed deposit interest rates in Pabnava.
FD in Pabnava
4 min

Fixed deposits (FDs) have consistently emerged as a popular choice for many individuals. Pabnava, a quaint village in the Jind district of Haryana, offers a range of FD options that cater to the financial needs of its residents.

Understanding fixed deposit

A fixed deposit is a financial product provided by banks and non-banking financial companies (NBFCs) where an individual deposits a lump sum amount for a specified tenure at a predetermined interest rate. Unlike savings accounts, FDs offer higher interest rates and the returns are not affected by market fluctuations, making them a secure investment option.

Benefits of fixed deposit

  1. Safety and security: Fixed deposits are considered one of the safest investment options. Banks and NBFCs offering FDs are regulated by the Reserve Bank of India (RBI), ensuring the safety of your investments.
  2. Assured returns: FDs provide guaranteed returns. The interest rate is locked in at the time of investment and remains unaffected by market conditions, ensuring predictable earnings.
  3. Flexible tenure: Investors can choose the tenure of their fixed deposit based on their financial goals. The tenure can range from 7 days to 10 years, offering flexibility to meet various financial needs.
  4. Ease of investment: Opening a fixed deposit account is simple and straightforward. Many financial institutions in Pabnava offer online and offline services, making it convenient for residents to invest.
  5. Loan facility: Fixed deposits can be used as collateral for loans. This feature allows investors to avail of loans without breaking their FD, providing liquidity in times of need.

Pro tip

Enjoy higher interest rate with Bajaj Finance Digital FD. Unlock returns of up to 8.65% p.a. by investing for 42 months via website and app.

Features and benefits of Bajaj Finance Fixed Deposit

  1. Competitive interest rates: Earn up to 8.65% p.a. on your investment, fostering robust growth even during market fluctuations. This competitive rate ensures your money works hard for you, helping you achieve your financial goals.
  2. Senior citizen benefit: Recognising the financial needs of senior citizens, Bajaj Finance offers an additional interest rate increase of up to 0.40% p.a. for individuals aged 60 and above. This benefit can significantly add to the overall return on their FD investment.
  3. High credit ratings: Bajaj Finance holds top safety ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE. These ratings indicate a low credit risk, which can be a reassuring factor for investors seeking a secure investment option for their funds.
  4. Loan against fixed deposit: Bajaj Finance offers a feature that allows you to utilize your FD as collateral for a loan. This provides flexibility by letting you access a portion of your invested amount (up to 60% for non-cumulative FD and 75% for cumulative FD) while the remaining principal continues to earn interest.

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 (16 July, 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
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
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
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 criteria for booking a Bajaj Finance FD

  • Nationality: Resident Indians/ Non-Resident Indians (NRIs).
  • Types of investors: Individuals, Senior Citizens, Minors, Sole Proprietorships, Partnership Firms, HUFs (Hindu Undivided Families), Clubs, Associations, Societies, and Family Trusts.

Documents required fixed deposit

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

Tax implications of fixed deposit

Interest earned on fixed deposits is taxable under the head "Income from Other Sources". Banks deduct TDS (Tax Deducted at Source) at 10% if the interest income exceeds Rs. 40,000 in a financial year (Rs. 50,000 for senior citizens). To avoid TDS deduction, you can submit Form 15G/15H if your total income is below the taxable limit.


Fixed deposits in Pabnava continue to be a preferred investment option due to their safety, assured returns, and flexibility. By selecting the right bank and tenure, investors can effectively grow their savings while enjoying peace of mind. Whether you are planning for short-term goals or long-term financial security, FDs in Pabnava offer a dependable and convenient investment solution. As with any financial decision, it is advisable to compare different options and consult with a financial advisor to make the best choice for your individual needs.

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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
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.