How to choose the ideal investment tenure for your Fixed Deposit

Know the key factors to consider when selecting a fixed deposit tenure to maximise savings.
Fixed Deposit
3 mins
03 April 2024

Investing in fixed deposits is a popular and secure way to grow your savings. It offers a stable and profitable return on your investment. However, one crucial aspect that often goes overlooked is the selection of the ideal investment tenure. The investment tenure refers to the duration for which you will keep your money locked in the fixed deposit.

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 of up to Rs. 5 crore (03 Apr, 2024)

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* 8.60% 8.28% 8.34% 8.42% 8.60%

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%

Senior citizens get additional rate benefit of up to 0.40% p.a. on the base rate offered to customers below 60 years of age.

While the ideal tenure for a fixed deposit depends on your specific requirements and financial goals, Bajaj Finance offers attractive options for maximising your returns. For those seeking the highest FD rates, Bajaj Finance provides an idle tenure of 42 months, allowing you to benefit from competitive interest rates and steady growth.

However, if your primary focus is on achieving maximum returns, Bajaj Finance offers an even more lucrative option with a tenure of 60 months. By opting for this longer tenure, you can potentially leverage compounding and capitalise on the higher interest rates to optimise your investment returns over the extended duration.

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

Investment Calculator
SIP Calculator
FD calculator
SDP calculator
Gratuity Calculator

Frequently Asked Questions

Are there any special rates for senior citizens?

Yes, most banks and NBFCs offer special fixed deposit rates for senior citizens, providing them with higher interest rates as a benefit for their age. Bajaj Finance offers up to 0.40% p.a. extra interest on FDs to senior citizens.

What is the tenure of fixed deposit?

The tenure of Bajaj Finance fixed deposits range from 12 months to 60 months.

Can I change the tenure of FD?

In some cases, you may be able to change the tenure of your fixed deposit before it matures, but it often involves certain terms and conditions, so it's advisable to check with your bank or NBFC for specific details.


While care is taken to update the information, products, and services included in or available on our application, website and related platforms, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions.

*Terms and conditions apply