Senior Citizen FD Rates

Bajaj Finance offers the highest Senior Citizen FD interest rates up to 7.75% p.a., ensuring secure and high returns for individuals aged 60 years and above on their fixed deposits.
OPEN FD
Senior citizen FD
OPEN FD
3 mins
17-Apr-2026

As a senior citizen in India, you can earn up to 0.35% p.a. more on your Fixed Deposits compared to regular investors. With Bajaj Finance, this means enjoying interest rates of up to 7.75% p.a., allowing you to grow your retirement savings securely.

Additionally, you can receive regular interest payouts to ensure a steady income after retirement. If needed, you also have the flexibility to take a loan against your FD, providing financial security without breaking your investment. Take charge of your financial future today. Invest now!


 

Fixed deposit schemes for senior citizens

The table below presents key information about the Senior Citizen Fixed Deposit scheme

Minimum and maximum investment amountsMinimum and maximum deposit for a senior citizen FD varies among financial institution.
TenureTypically ranging from 12 to 60 months, you can choose a tenure based on your needs.
Premature withdrawalsFinancial institution often allows premature withdrawals, serving as an emergency fund, though they charge some penalties. Check terms and condition before investing
Loan against FDFDs can be used as collateral for loans, financial institutions like Bajaj Finance offers loan against fixed deposit up to 75% of the deposit value.
Nomination facilityWhen opening a Fixed Deposit (FD), it is important to designate a nominee to ensure that your dependents can easily claim the funds if needed. To do this, the depositor must complete a separate form for nomination, called Form DA1.

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

Pro tip

Bajaj Finance offers attractive Fixed Deposit interest rates of up to 7.40% p.a. for non-senior citizens, and up to 7.75% p.a. for senior citizens, inclusive of an additional rate benefit of up to 0.35% p.a.

systematic-deposit-plan-pro-tip-banner

Key Features of Senior Citizen Fixed Deposit Schemes

The features of senior citizen fixed deposit schemes offered by Bajaj Finance are listed below:

  • Get secured returns up to 7.75% p.a.
    Grow your savings without any effect of market fluctuations.
  • Up to 0.35% p.a., the higher interest rate for senior citizens
    Choose to receive returns on maturity or regularly.
  • Flexible tenure up to 60 months
    Get higher returns on your investments by staying invested for longer.
  • Deposits begin at just Rs. 15,000
    Start investing with a small amount and grow your savings with our fixed deposits.
  • Online account management
    Check FD account balance, renew FD and download receipt via customer portal- Bajaj My Account

If you’re planning for a financially secure retirement, now is the time to invest. Boost your retirement corpus with a high-interest FD – Get up to 7.75% p.a. with Bajaj Finance FD. Book your FD today!


Senior citizen FD interest rates

Senior citizen FD interest rates are typically higher than regular FD rates, offering an additional 0.25% to 0.50% interest benefit. Depending on the bank and tenure, rates can range from around 3.50% to 7.50% or more annually, with some institutions offering even higher returns. These deposits provide stable, guaranteed returns, making them a reliable investment option for retirees seeking regular income and capital safety.

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 01 May, 2026).

Senior Citizens
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 17 6.95% 6.74% 6.78% 6.83% 6.95%
18 - 30 7.20% 6.97% 7.01% 7.08% 7.20%
31 - 60 7.75% 7.49% 7.53% 7.61% 7.75%

Fixed deposit variants

Highest Credit Ratings | Trusted with over 1.4 million Deposits | Assured Returns on FD
Recommended

Fixed Deposit - 60 Months

INTEREST RATES UP TO
7.75% p.a.
Invest Online

Fixed Deposit - Senior Citizen

INTEREST RATES UP TO
7.75% p.a.
Invest Online

Fixed Deposit - Age below 60

INTEREST RATES UP TO
7.40% p.a.
Open FD

Fixed Deposit - Minor

INTEREST RATES UP TO
7.40% p.a.
Open FD

Fixed Deposit - HUF

INTEREST RATES UP TO
7.40% p.a.
Open FD

Fixed Deposit - Sole Proprietor

INTEREST RATES UP TO
7.40% p.a.
Open FD

Taxation under senior citizen fixed deposit scheme

  • Taxation: Interest earned on Senior Citizen FDs is taxable as part of the senior citizen's total income.
  • TDS Deduction: Financial institutions deduct TDS at 10% if the annual interest income exceeds Rs. 5,000.
  • Section 80TTB Deduction: Senior citizens are eligible for a tax deduction of up to Rs. 50,000 on interest earnings under Section 80TTB of the Income Tax Act, reducing their taxable income.
  • Form 15H: Senior citizens whose total income falls below the taxable threshold can submit Form 15H to their bank, ensuring no TDS is deducted from their interest income.

Use the Fixed Deposit Calculator to estimate your returns and maximize your savings with Bajaj Finance’s highest Senior Citizen FD rates


 

Benefits of Senior Citizen Fixed Deposit Rates

  • Higher interest earnings: Senior citizen FDs offer additional interest (usually 0.25%–0.50%) over regular rates, helping maximise returns. Compare latest FD Interest Rates to choose the best option.
  • Regular income options: These FDs provide flexible payout frequencies—monthly, quarterly, half-yearly, or yearly—ensuring a steady income stream to manage day-to-day expenses comfortably after retirement.
  • Low-risk investment: Fixed Deposits are considered safe, offering guaranteed returns and capital protection, making them a dependable choice for conservative investors seeking stability.
  • Liquidity through loans: In case of emergencies, you can avail a loan against your FD without breaking it, ensuring access to funds while continuing to earn interest.
  • Simple and convenient: Opening and managing an FD is straightforward, with minimal documentation and easy online or offline processes, ideal for hassle-free investing.
  • Supports retirement planning: With predictable returns and low risk, senior citizen FDs help build financial security and ensure peace of mind during retirement years.


 

Eligibility for Senior Citizen Fixed Deposit

All resident Indians above the age of 60 years of age can apply for a senior citizen FD. The investor must have completed 60 years on the date on which he/she Open FD  with Bajaj Finance.

Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) can connect with our representative or write to us at wecare@bajajfinserv.in.


 

Documents Required for Senior Citizen FD Account

Below are the documents required for applying to Senior citizen fixed deposit by Bajaj Finance.

  • PAN Card
  • FD account opening application form
  • KYC Documents (Aadhar card/passport/driving license/voter ID)
  • Passport-size photographs
  • Form 15H or self-declaration form


 

Premature withdrawal of senior citizen fixed deposit

Investing in a Bajaj Finance online FD is quick and easy. Follow the steps below:

  1. Click on 'Invest Online' to open our online form
  2. Enter your phone number, date of birth and OTP
  3. Existing customers only need to verify their details
  4. If you’re a new customer, you will be asked to enter your basic details for KYC
  5. Choose the deposit amount, tenor, interest payout type and your bank details
  6. Pay the amount with net banking or UPI

After a successful payment, your deposit will be booked, and you’ll receive a confirmation via email and SMS within 15 minutes.

Frequently asked questions

Is the Bajaj Finance Fixed Deposit safe?

Bajaj Finance FD is one of the safest investment options for senior citizens. Here's what makes it one of the safest ways to grow your savings:

  • The highest credit ratings of CRISIL AAA/STABLE and [ICRA]AAA(Stable), indicates highest level of safety and lowest investment risk.
  • More than 5 lakh happy customers have contributed to a total FD book size of more than Rs. 50,000 crore
  • Nearly 80,000 of these customers are senior citizens, which reflects how senior citizens trust this FD to be one of the safest investment avenues

Investing in a Bajaj Finance Fixed Deposit is safe, as you can be sure of low risks of delays and defaults.

Is interest in FD taxable for senior citizens?

The interest earned on senior citizen fixed deposit is taxable, as per the applicable income tax laws. These taxes, if any, are deducted at the source. Senior citizens whose interest income from all Bajaj Finance FDs put together is Rs. 3 lakh in a year can submit Form 15H to avoid incurring deductions.

What is the interest rate for Bajaj Finance Senior Citizen Fixed Deposit?

By investing in a Bajaj Finance Senior Citizen FD, senior citizens are eligible for additional rate benefit of up to 0.35% p.a. By investing in a Bajaj Finance Senior Citizen FD, they can earn returns of up to 7.75% p.a.

How can senior citizens save tax?

There are various investment options through which senior citizens can create wealth and also save tax. Some of these methods are:

a. Senior Citizen Fixed Deposit: With the Bajaj Finance Fixed Deposit, senior citizens can enjoy interest up to 7.75% p.a. Under section 80 TTB of the IT act, interest income up to Rs. 5,000 for senior citizens during a financial year is tax free.

b. Senior Citizen Saving’s Scheme: If you are above 60 years old, you can invest in the government backed Senior Citizen Savings Scheme and deduct up to Rs. 1.5 lakh from your taxable income under Section 80C of the Income Tax Act, 1961. Taxes are levied on the interest.

c. National Pension Scheme: The National Pension Scheme is a specialised section of the Pension Fund Regulatory and Development Authority, which is under the Ministry of Finance's supervision. In India, the National Pension Scheme is a defined contribution pension system with a voluntary component.

Which scheme is best for senior citizens?

The best scheme for senior citizens depends on individual financial goals, risk tolerance, and preferences. Options like Senior Citizen Savings Scheme (SCSS), senior citizen fixed deposit, or pension plans may suit different needs. It is advisable to research and consult with financial advisors for personalised advice.

How is the taxation done for senior citizens FD?

If the interest earned in a financial year (1st April to 31st March) exceeds Rs. 50,000, TDS is charged at 10%.

What is the difference between fixed deposit and senior citizen fixed deposit?

Unlike regular FDs, the senior citizen fixed deposit comes with special interest rates. Generally, banks offer 0.5% extra interest for elderly customers as compared to regular FD customers.

Who can open a senior citizen fixed deposit account?

A senior citizen fixed deposit (FD) account can be opened by individuals who are 60 years of age or older. Some banks also offer special “super senior citizen” FDs for those aged 80 years and above, providing higher interest rates. The account can be opened in banks, post offices, or NBFCs, subject to submission of KYC documents and required identification.

What is the minimum amount to invest in Bajaj Finance Senior Citizen FD?

The minimum investment amount for a Bajaj Finance Senior Citizen FD typically starts from Rs. 15,000, making it accessible for small investors to begin earning stable returns.

Can senior citizens choose monthly interest payout on Bajaj Finance FD?

Yes, senior citizens can opt for monthly interest payouts in Bajaj Finance FD, along with quarterly, half-yearly, or annual options, ensuring a steady income based on financial needs.

Show More Show Less

Videos on Fixed Deposit

Bajaj Finance app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finance App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finance App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finance App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finance App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.