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. 3 crore (17 Sep, 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
| Tenure in |
months 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 |
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. 3 crore (17 Sep, 2024)
Bajaj Finance Digital FD
| Tenure in |
months At maturity (p.a.) |
Monthly (p.a.) |
Quarterly (p.a.) |
Half yearly (p.a.) |
Annual (p.a.)
|
|
|---|---|---|---|---|---|
| 42* | 8.65% | 8.33% | 8.38% | 8.47% | 8.65% |
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% |
Fixed Deposit yield table
The term "yield" describes the profits produced and realised on an investment over a specific time frame. It is shown as a percentage based on the amount invested, the security's current market value, or its face value. The interest earned by customers on the investment is also included in the yield.
Maturity = Principal[(1+interest rate /interest frequency)^(frequency x no of years)]
Yield = [(Maturity-principal)/principal]/no of years]
Yield table for customers below 60 years of age
On an investment of Rs. 15,000, the yield for different tenures is mentioned below:
| Period (in months) |
Minimum amount (Rs.) |
FD rates 17 Sep, 2024 (p.a.) |
Yield 17 Sep, 2024 (p.a.) |
Payable amount (Rs.)
|
|
|---|---|---|---|---|
| 12 | 15,000 | 7.40% | 7.4% | 16,110 |
| 15 | 15,000 | 7.50% | 7.57% | 16,419 |
| 18 | 15,000 | 7.80% | 7.95% | 16,789 |
| 22 | 15,000 | 7.90% | 8.16% | 17,244 |
| 24 | 15,000 | 7.80% | 8.1% | 17,431 |
| 33 | 15,000 | 8.10% | 8.69% | 18,583 |
| 36 | 15,000 | 8.10% | 8.77% | 18,948 |
| 42 | 15,000 | 8.40% | 9.32% | 19,893 |
| 44 | 15,000 | 8.25% | 9.2% | 20,060 |
| 60 | 15,000 | 8.10% | 9.52% | 22,142 |
Yield table for senior citizens (customers above 60 years of age)
| Period (in months) |
Minimum amount (Rs.) |
FD rates 17 Sep, 2024 (p.a.) |
Yield 17 Sep, 2024 (p.a.) |
Payable amount (Rs.)
|
|
|---|---|---|---|---|
| 12 | 15,000 | 7.65% | 7.65 | 16,148 |
| 15 | 15,000 | 7.70% | 7.82 | 16,467 |
| 18 | 15,000 | 8.05% | 8.21 | 16,847 |
| 22 | 15,000 | 8.15% | 8.43 | 17,317 |
| 24 | 15,000 | 8.20% | 8.54 | 17,561 |
| 33 | 15,000 | 8.35% | 8.97 | 18,701 |
| 36 | 15,000 | 8.35% | 9.07 | 19,080 |
| 42 | 15,000 | 8.65% | 9.63 | 20,054 |
| 44 | 15,000 | 8.50% | 9.51 | 20,230 |
| 60 | 15,000 | 8.35% | 9.87 | 22,399 |
How to invest in a fixed deposit?
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Frequently asked questions
Yes, you can always choose periodic interest payouts and opt for monthly interest on your Fixed Deposit. To calculate the monthly fixed deposit interest amount, you can use FD interest calculator.
Yes, the fixed deposit interest is fully taxable. The interest you earn is added to your total income and taxed at slab rates applicable to your total income. Your income tax return is shown under 'Income from Other Sources’. In addition to income tax, banks and companies also deduct TDS from your interest income. You can also check your TDS on FD interest.
When investing in a fixed deposit for a specific tenure, you gain returns on your deposit based on the latest fixed deposit rates offered by your FD issuer. The current fixed deposit rates are low, but you can get the dual benefit of safety and high returns with a Bajaj Finance Fixed Deposit with the latest FD.
Bajaj Finance Fixed Deposit offers the highest FD rates on investment for a tenure of 42 months.
Choosing the right scheme for the best fixed deposit rates is essential, based on your requirement. You have the option to get your interest at the end of your maturity period or opt for periodic payout options. If you'd like to tend to your regular expenses, you can choose the option of periodic payouts, but if you'd like a lump sum amount at the end of your tenure, you can choose to get your fixed deposit interest at the end of your tenure.
Some investors also consider the current FD rates when planning to invest. While this may be a great way to grow your savings, it is also essential to make sure your NBFC FD has the highest safety ratings so that your principal amount is not at risk.
With Bajaj Finance you can invest for a tenure of 12-60 months. The highest FD rates are offered for a tenure of 42 months, which is up to 8.65% p.a. for senior citizens and up to 8.40% p.a. for customers below 60 years of age.
You can use the FD calculator to know the FD interest earned on your investment.
Bajaj Finance offers one of the best FD rates for senior citizens. The FD rates can go up to 8.65% p.a. for a tenure of 42 months.
FD rates can change with time depending on various factors such as market conditions, inflation, the RBI's monetary policy, and more. Financial institutions may increase or decrease their FD rates to attract or retain customers, adjust to market conditions, or manage their liquidity position. The duration of the FD may also affect the interest rate, with longer-term deposits typically offering higher rates.
Check the latest FD rates of Bajaj Finance 17 Sep, 2024.
The fixed deposit rates can vary for different banks and NBFCs. The interest rate for Bajaj Finance Fixed Deposit ranges from 7.53% p.a. to 8.40% p.a. for customers below the age of 60. The FD rate for senior citizens ranges from 7.91% p.a. to 8.65% p.a.
With effect from 17 Sep, 2024, the FD rates offered by Bajaj Finance are up to 8.65% p.a. for senior citizens and up to 8.40% p.a. for customers below the age of 60.
Yes, Bajaj Finance offers senior citizen FD which has an extra up to 0.40% p.a. interest payout than the regular rates. These FDs come with flexible payouts and special tenures to facilitate regular income for the elderly and to get the best return on their investments. The highest rate for Bajaj Finance senior citizen FD is up to 8.65% p.a. for a special tenure of 42 months.
Yes, Digital Bajaj Finance Fixed Deposits are considered safe as they have high credit ratings from agencies like CRISIL and ICRA, indicating strong financial stability and low default risk.
The interest for a 1 lakh FD depends on the tenure and the financial institution's interest rates.
Yes, FD interest can be paid monthly if you choose a monthly payout option. Other payout options include quarterly, half-yearly, annually, or at maturity, depending on your preference and the terms of the FD.
The interest you can earn on your Fixed Deposit depends on the tenure and the interest rate offered by the bank or financial institution. Rates typically range from 5% to 10% per annum.
TDS on Fixed Deposit interest is deducted when the interest earned exceeds Rs. 40,000 in a financial year (Rs. 50,000 for senior citizens). It is deducted at the time of credit or payment of the interest, whichever is earlier.
