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 sfaety 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% 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 7.05%

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 citizen 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 7.05%. 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.

Annual rate of interest valid for deposits from Rs. 25,000 up to Rs. 5 crore (w.e.f. Dec 01, 2021)

Tenor in months

12 – 23

24 – 35

36

Cumulative

5.65%

6.40%

6.80%

Monthly

5.51%

6.22%

6.60%

Quarterly

5.53%

6.25%

6.63%

Half-yearly

5.57%

6.30%

6.69%

Annual

5.65%

6.40%

6.80%


Rate benefits basis customer category (w.e.f. Dec 01, 2021)

  • Additional rate benefit up to 0.25% for senior citizens

Frequently asked questions

What is NRI FD?

An NRI fixed deposit allows Indians living abroad to invest through their non-resident ordinary accounts. This investment option enables NRIs to invest in Indian rupees and avail 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 non-resident ordinary accounts.

What mode of payment is accepted for NRI FD?

Payment is accepted through 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 to 7.05% for senior citizens and up to 6.80% for customers below the age of 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 the Securities and Exchange Board of India, a PAN card is mandatory if an NRI wishes to invest in India. Once you invest, you will be taxed in India, which must be 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 as well. 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 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 benefit under the Double Tax Avoidance Agreement (DTAA).

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