Types of Fixed Deposit

When investing in a Bajaj Finance Fixed Deposit, you can get guaranteed returns with competitive interest rates. There are also different Fixed Deposit schemes to suit your convenience, and investment needs. Read on to know more about these.

DID You Know ? Bajaj Finance is now offering interest rates of upto 6.50% on fixed deposit and 0.25% more for senior citizens. What's more, online investors get 0.10% extra (not applicable for senior citizens) Invest Online

Fixed Deposit for Non Senior Citizens

Deposit amount for a fixed tenor and earn interest up to 7.10%
Tenor ranges from 12 months to 60 months
Choose to get interest payout at maturity, or opt for periodic payouts
Invest online through a paperless journey, and get 0.10% additional rate benefit on investing online

Fixed Deposit for NRIs

This FD is applicable for non-resident Indians (NRIs), Overseas Citizen of India (OCI) and Person of Indian Origin (PIO) with NRO accounts
Deposit amount for a fixed tenor and earn interest up to 7.25%
Tenor ranges from 12 months to 36 months
Payment is accepted only through cheque or RTGS/NEFT from NRO bank account.

Systematic Deposit Plan:

Make monthly deposits starting Rs. 5000 per month
Choose number of deposits ranging from 6 to 48
Tenor for each deposit ranges from 12 months to 60 months
Payment is accepted only through cheque or RTGS/NEFT from NRO bank account.

Bajaj Finance offers different deposit options for every customer type, thereby enabling more and more investors to reap the benefit of attractive returns with maximum safety of deposit. Bajaj Finance has the highest safety ratings of FAAA by CRISIL and MAAA by ICRA, which indicates highest safety of deposits. Additionally Bajaj Finance online FD offers the convenience of investing from the comfort of your home, thereby enabling you to invest within a few minutes.

Which type of FD is best?

When you choose to select a fixed deposit, it is important to consider your liquidity needs, investment horizon and investment goals. The different FD plans offered by Bajaj Finance may cater to different customers.
Read on to know the best benefits of each of these plans, to make a smart investment choice.

Fixed Deposit for Non-Senior Citizens where money is deposited for a fixed tenor ranging from 12 months to 60 months, and interest is earned up to 6.50%, with cumulative or non-cumulative pay out option. Investing online via the Bajaj Finserv website gets you an additional rate benefits of 0.10%.
Fixed Deposit for Senior Citizens caters to the customers above the age of 60, with 0.25% higher interest rates. For senior citizens, tenor range is from 12 months to 60 months.
Fixed Deposit for NRIs is specifically designed for non-resident Indians (NRIs), Overseas Citizens of India (OCI) and Persons of Indian Origin (PIO) with NRO bank accounts. Tenor ranges from 12 months to 36 months. Amount is deposited for a fixed tenor and interest is earned up to 6.75%. The payment is acceptable through RTGS/NEFT or cheques from the NRO account.
Systematic Deposit Plan allows you to choose the number of deposits ranging from 6 to 48. Investors can make monthly deposits starting from Rs. 5,000. Tenor for each deposit ranges from 12 months to 60 months.

SDP offers two variants when it comes to payout options