Types of fixed deposit

2 min read

When investing in a Bajaj Finance Fixed Deposit, you get returns at a competitive interest rate. There are different FD schemes to suit your convenience and investment needs.

Fixed deposit for customers below the age of 60

Investors above 60 years of age can gain a 0.25% p.a. higher interest rate

  • 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 mode, and get NA additional rate benefit

Fixed deposit for senior citizens

  • Additional rate benefits up to 0.25% p.a. for senior citizens
  • Invest over a fixed tenor and earn at up to 7.75% p.a.
  • Tenor ranges from 12 months to 60 months

Fixed deposit for NRIs

  • For Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs) with NRO accounts
  • Deposit an amount for a fixed tenor and earn at up to 7.65% p.a.
  • Tenor ranges from 12 months to 36 months
  • Payment is accepted only through cheque or RTGS/ NEFT from an NRO bank account

Systematic Deposit Plan (SDP):

  • Make monthly deposits of Rs. 5,000 or more
  • Have 6 to 48 deposits in total
  • The tenor for each deposit ranges from 12 months to 60 months
  • Opt for the Monthly Maturity Scheme (deposits mature over successive months) or Single Maturity Scheme (deposits mature on a single date)

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