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 amounts from Rs. 15,000 to Rs. 3 crore (w.e.f 11 June, 2025).
Non-Senior Citizens
| 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% |
FD rates for customer above the age of 60
Fixed Deposit annualised rate of interest for senior citizens is valid for deposit amounts from Rs. 15,000 to Rs. 3 crore (w.e.f 11 June, 2025).
Senior Citizens
| Tenure in |
months At maturity (p.a.) |
Monthly (p.a.) |
Quarterly (p.a.) |
Half yearly (p.a.) |
Annual (p.a.)
|
|
|---|---|---|---|---|---|
| 12 - 14 | 6.95% | 6.74% | 6.78% | 6.83% | 6.95% |
| 15 - 23 | 7.10% | 6.88% | 6.92% | 6.98% | 7.10% |
| 24 - 60 | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% |
Factors affecting NBFC FD interest rates
Market Movements: Repo rates, inflation, and RBI policies directly influence FD interest rates.
Safety and Credit Ratings: NBFCs with top CRISIL/ICRA ratings (like Bajaj Finance) assure safety and reliability.
Tenure & FD Type: Longer tenures, senior citizen deposits, and cumulative payout options often yield higher returns.
Senior citizens can enjoy an additional rate benefit of up to 0.35% p.a. on Bajaj Finance FDs, boosting retirement income. Check eligibility.
How are NBFC FD interest rates calculated?
NBFC FD interest rates are determined by:
Prevailing economic and financial climate.
RBI policies and repo rates.
Chosen FD tenure.
Type of FD (cumulative or non-cumulative).
Investor profile (general or senior citizen).
To simplify the process, you can use the Bajaj Finance FD Calculator—an online tool to estimate maturity value instantly based on your investment amount, tenure, and applicable interest rate.
Try the FD Calculator by Bajaj Finance to plan your investments with complete clarity.
Fixed deposit variants
Benefits and risks of NBFC FD
Listed below are a few benefits and risks of NBFC FDs:
Benefits of NBFC FD
Higher interest rates compared to traditional bank FDs.
Flexible tenures ranging from 12 to 60 months.
Multiple payout options (monthly, quarterly, yearly, or at maturity).
Easy online booking process within minutes.
Risks of NBFC FD
NBFCs are regulated differently from banks, so risk can be slightly higher.
Interest earned is taxable, and NBFC FDs are not tax-saving investments.
Bajaj Finance FD reduces risk concerns with AAA ratings from CRISIL and ICRA, making it one of the safest NBFC FDs in India. Invest and get up to 7.30% p.a. returns. Open FD.
Grow your wealth with the highest NBFC FD rates
If your goal is to build a secure corpus for future needs like education, marriage, or emergency funds, NBFC FDs are an excellent choice. With higher returns, flexible options, and strong safety measures, they are designed for modern investors.
Open a Bajaj Finance FD online today and grow your wealth with competitive rates of up to 7.30% p.a.—all from the comfort of your home.
Conclusion
NBFC Fixed Deposits are a strong alternative to traditional bank FDs, especially for those seeking higher returns without compromising safety. By choosing a reputed NBFC like Bajaj Finance, you not only benefit from better interest rates but also enjoy peace of mind with top credit ratings. Whether you are a young professional, a parent saving for education, or a retiree seeking steady income, Bajaj Finance FD is a reliable option to achieve your financial goals securely.
Calculate your expected investment returns with the help of our investment calculators
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Frequently asked questions
Yes, by choosing the non-cumulative FD option, you can choose your payout frequency from monthly, quarterly, or annual payouts. This enables investors to enjoy a regular income stream from their investments.
Yes, NBFCs usually offer higher interest rates on fixed deposits compared to traditional banks and post offices.
The tax deductions on NBFC FD interest income are subject to the investor's tax slab and the prevailing tax regulations. The TDS rate is deducted at 10%.
Bajaj Finance is one NBFC FD that offers the highest FD rates up to 7.30% p.a. to their investors.
Unlike bank FDs, Bajaj Finance FD offers higher interest rates up to 7.30% p.a., flexible payout options, and extra benefits for senior citizens—all while maintaining the highest safety standards. Open an FD account with Bajaj Finance now!
Interest rates offered by NBFCs vary based on their credit rating, internal policies, and market conditions. Many NBFCs offer higher rates compared to traditional banks to attract long-term deposits. While rates differ across institutions, NBFCs generally provide interest rates in the range of 7% to 9% p.a., depending on the tenure and customer category. Bajaj Finance, for instance, offers fixed deposit interest rates of up to 7.30% p.a., which is among the competitive rates available in the NBFC space.
Fixed deposits in NBFCs can be a safe investment option when the NBFC has strong credit ratings and follows RBI’s regulatory guidelines. NBFC FDs do not come with deposit insurance, so safety depends largely on the company’s financial strength and rating. Choosing a well-rated NBFC with a consistent track record—such as Bajaj Finance, which holds high safety ratings—can offer stability along with predictable returns. However, because NBFCs are not insured by DICGC, they carry slightly higher risk than bank FDs, making it important for investors to review credit ratings before investing.
Yes, NBFCs can accept fixed deposits, but only if they hold the necessary approval from the Reserve Bank of India. NBFCs that are authorised to accept public deposits must maintain a minimum investment-grade credit rating and follow regulatory norms regarding deposit limits and tenures. These deposits typically range from 12 to 60 months and are governed by strict guidelines to protect depositors. Bajaj Finance, being a deposit-accepting NBFC, offers fixed deposits that comply with RBI regulations and provide secure, predictable returns.
