Features and benefits

  • Easy renewal

    Easy renewal

    Renew your NRI FD at the time of maturity and stay invested for a longer tenor.

  • Safety and credibility

    Safety and credibility

    The Bajaj Finance Fixed Deposit is accredited with the highest safety ratings of MAAA/ Stable by ICRA and FAAA/ Stable by CRISIL.

  • Senior citizen benefits

    Senior citizen benefits

    Get additional interest rate benefit up to 0.25% p.a. if you are above the age of 60 to grow your wealth faster.

  • Attractive returns

    Attractive returns

    Grow your money at high-interest rates up to 7.45% p.a.

Non-resident Indians (NRIs) looking to diversify their portfolios can invest in a Bajaj Finance Fixed Deposit for NRIs to get attractive and guaranteed returns. Bajaj Finance offers FDs for non-resident Indians, overseas citizens of India and any person of Indian origin. Investors can start investing through an NRO account.

As an NRI, you can grow your wealth at interest rates up to 7.45% p.a.. Choose a tenor between 12 months and 36 months to get maturity proceeds in time for your financial needs and claim tax benefits under a DTAA to reduce your tax payment.

Bajaj Finance NRI FD is backed by ICRA's MAAA (stable) rating and CRISIL's FAAA/ Stable rating, assuring investors guaranteed returns on maturity. Safeguard yourself from stock market fluctuations or intermittent interest rate movements by investing in an FD. You can also take advantage of periodic interest payouts should you need liquidity for recurring expenses.

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NRI fixed deposit interest rates

Here’s a look at the latest FD interest rates offered by Bajaj Finance.

The annual rate of interest is valid for deposits from Rs. 15,000 up to Rs. 5 Crore (w.e.f June 14, 2022)

Tenor in months

12 – 23

24 – 35

36

Cumulative

5.85% p.a.

6.60% p.a.

7.20% p.a.

Monthly

5.70% p.a.

6.41% p.a.

6.97% p.a.

Quarterly

5.73% p.a.

6.44% p.a.

7.01% p.a.

Half-yearly

5.77% p.a.

6.49% p.a.

7.08% p.a.

Annual

5.85% p.a.

6.60% p.a.

7.20% p.a.

 

Special FD interest rates for cumulative deposits

Tenor in months

15

18

22

30

33

At Maturity

6.05% p.a.

6.15% p.a.

6.30% p.a.

6.70% p.a.

6.95% p.a.

 

Special FD interest rates for non-cumulative deposits

Tenor in months

15

18

22

30

33

Monthly

5.89% p.a.

5.98% p.a.

6.13% p.a.

6.50% p.a.

6.74% p.a.

Quarterly

5.92% p.a.

6.01% p.a.

6.16% p.a.

6.54% p.a.

6.78% p.a.

Half Yearly

5.96% p.a.

6.06% p.a.

6.20% p.a.

6.59% p.a.

6.83% p.a.

Annual

6.05% p.a.

6.15% p.a.

6.30% p.a.

6.70% p.a.

6.95% p.a.

 

Rate benefits basis customer category (w.e.f June 14, 2022)

  • Additional rate benefit up to 0.25% p.a. for senior citizens

Disclaimer

Actual returns may vary slightly if the FD tenor includes a leap year.

Frequently asked questions

What is NRI FD?

An NRI fixed deposit allows Indians living abroad to invest through ordinary non-resident accounts. This investment option enables NRIs to invest in Indian rupees and avail of high-interest rates applicable on fixed deposits in India.

Can non-resident Indians (NRIs) invest with Bajaj Finance?

Yes, NRIs, overseas citizens of India and people of Indian origin can invest in Bajaj Finance FDs through their ordinary non-resident accounts.

What is the acceptable mode of payment for NRI FD?

Payments can be made via cheque or RTGS/ NEFT from a non-resident ordinary bank account. Payment through demand draft, debit card, IMPS or UPI is not allowed.

Which NBFC gives the highest interest for NRI?

Bajaj Finance FD offers attractive interest rates of up to7.45% p.a. for senior citizens and up to 7.20% p.a. for customers below 60.

Can NRIs take a loan against FD?

No, loans against fixed deposits are not available for NRIs, overseas citizens of India and other people of Indian origin.

Can NRIs avoid paying double tax?

Yes, NRIs can avoid paying tax on income earned in a source country and the country of their residence by claiming benefits under the applicable Double Tax Avoidance Agreement (DTAA).

Is PAN mandatory for NRI fixed deposit?

Yes. As per India's Securities and Exchange Board, a PAN card is mandatory if an NRI wishes to invest in India. Once you invest, you will be taxed in India, recorded as per your PAN.

Does tax deducted at source (TDS) apply to NRI FD?

TDS is applicable for NRI fixed deposits. However, there are different rules for income tax for NRI fixed deposits.

Can an NRI get an Aadhar card?

Yes. As per Budget 2019 announcements, NRIs with valid India passports can now apply for Aadhaar cards. They would no longer be required to wait for the mandatory 180 days period. The KYC will also be fast-forwarded, and the issuance of this card will expedite financial transactions in India for NRIs.

It is mandatory to quote an Aadhar card for filing IT returns in India. Hence, it is important for NRIs to have an Aadhar card to avail the benefits of lucrative investment options. Tax Deducted at Source (TDS) is applicable to NRI deposit schemes. Also, the tax filing might have to be done in India even though they can claim tax benefits under the Double Tax Avoidance Agreement (DTAA).

What are the documents required for NRIs to invest in FD?

For NRI KYC, please provide the below:

PAN, Passport, & Visa
Any one of the below Indian address proofs, only if address in the passport is outside India.

  • Driving license/ Voter ID card/ Aadhaar / NREGA job card/ Letter issued by the National Population Register
  • Bank Statement/ Passbook (having address) of the depositor’s NRO account

Cheque from NRO (Non-Resident Ordinary) A/c only

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