Invest in Fixed Deposit with Bajaj Finance
- Click on ‘Open FD' at the top of this page to open our online application form.
- Enter your 10-digit mobile number and verify the OTP sent to your phone.
- Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN card and date of birth.
- Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar.
- A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
- Complete your investment using NetBanking/ UPI or NEFT/ RTGS.
Once your fixed deposit is booked, you will receive the Fixed Deposit Acknowledgement (FDA) on your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be sent to your email ID within 3 working days (subject to documents being in the correct order).
Rules of fixed deposit interest & income tax (2022-23)
FD interest is taxable in the hands of investors under the head of 'Income from Other Sources'.
Fixed deposit interest is completely taxed. Add it to your overall income to be taxed at the appropriate slab rates. It must be included in your Income Tax Return under the heading "Income from Other Sources."
When banks credit interest to your account, they deduct tax at source. The tax is deducted if the amount of interest exceeds Rs. 40,000 in a Financial year (Rs. 50,000 for senior citizens) in bank and Rs. 5,000 for NBFC.
It is important to keep in mind that the TDS is taken out when interest is credited rather than when the FD matures. So, banks must deduct TDS at the end of each year if you have an FD for three years.
Conclusion
A Rs. 2 crore Fixed Deposit can be a game-changer for your financial journey—whether you want to build long-term wealth or generate monthly income. Bajaj Finance FDs offer market-beating returns, high safety, and unmatched flexibility. With options to choose your payout frequency and added benefits for senior citizens, it’s one of the most reliable ways to grow and protect your wealth.