Fixed deposits (FDs) are a secure and popular investment option for individuals looking for safety and steady returns. Parola, a town in the Jalgaon district of Maharashtra, offers a variety of FD options to its residents. This article provides a detailed overview of the benefits, current interest rates, and the process of investing in fixed deposits in Parola.
Bajaj Finance offers attractive Fixed Deposit interest rates of up to 6.95% p.a. for non-senior citizens, and up to 7.30% p.a. for senior citizens, inclusive of an additional rate benefit of up to 0.35% p.a.
Bajaj Finance FDs in Parola combine safety with convenience. Investors enjoy high interest rates, flexible tenures, and quick online booking, along with added security through top credit ratings.
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).
| 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% |
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).
| 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% |
Bajaj Finserv has built a strong local presence in Parola, 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.
Opening a Bajaj Finance FD in Parola is quick, secure, and fully online
Anyone in Parola can invest in a Bajaj Finance FD, provided they meet basic eligibility and KYC requirements.
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 Parola offer a secure and reliable investment option for residents looking to grow their savings with assured returns. By choosing the right bank and tenure, investors can ensure their money is safe and their returns are guaranteed. Whether your goals are short-term or long-term, FDs in Parola provide a dependable solution tailored to meet your financial needs. It is advisable to compare different options and consult with a financial advisor to make the best choice for your individual circumstances.
Investment Calculator |
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You can start a Bajaj Finance Fixed Deposit in Parola with just Rs. 15,000, making it convenient for both new and seasoned investors.
Yes. Senior citizens in Parola enjoy an additional rate benefit of up to 0.35% p.a., ensuring higher earnings on their deposits.
You can choose between cumulative (interest paid at maturity) or non-cumulative (monthly, quarterly, half-yearly, or yearly payouts) options.
Yes, premature withdrawal of FD is allowed in Parola. However, it may attract a small penalty on the applicable interest rate.
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