Did you know? Bajaj Finance Fixed Deposit has the highest safety ratings of FAAA by CRISIL and MAAA by ICRA, so you can get assured returns up to 7.85%.
Amid falling fixed deposit rates and fluctuating market conditions, Fixed Deposit interest rates offered by financiers may not appear too attractive, but you can invest in a Bajaj Finance Fixed Deposit to reap the benefits of best FD rates of up to 7.85%.
In addition to competitive interest rates, Bajaj Finance Limited offers several benefits that make it easy for you to invest and grow your savings.However, your FD interest rates depend on the tenure, and interest payout frequency you choose. Bajaj Finance FD offers one of the best FD rates in India, which go up to 7.60% for new customers, up to 7.70% for existing BFL customers and up to 7.85% for senior citizens.
Along with the highest Fixed Deposit interest rates, you can look for high safety of your deposit, along with flexible tenures, periodic interest payouts, multi-deposit facility, auto-renewal facility and easy loan against FD. This ensures a hassle-free investment experience along with the benefit of growing your savings with the best Fixed Deposit rates in India.Start your investment journey with Bajaj Finance FD, and make your savings grow easily.
Rate benefits basis customer category (w.e.f 05 May 2020):
+ 0.25% for senior citizens+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
Renewal:
+0.10% over and above the rate of interest at which the deposit is booked
Cumulative FD vs Non-cumulative FD:
Choose from Cumulative FDs (where interest is payable at the time of maturity) or Non-cumulative FDs (where interest may be payable at monthly, quarterly, half-yearly or annual basis).
Systematic Deposit Plan
For those who seek a reliable monthly savings plan, Systematic Deposit Plan (SDP) by Bajaj Finance is a great choice. This monthly savings option enables the customer to invest in small monthly deposits starting with just Rs. 5000. The maturity period of each monthly deposit under Systematic Deposit Plan shall range from 12 to 60 months. The depositor can choose to make 6 to 48 numbers of monthly deposits under Systematic Deposit Plan. All deposits made with SDP shall be cumulative FDs.
The interest rate prevailing on the date of each deposit will be applicable to that particular deposit, wherein each deposit under SDP shall be treated as a separate Fixed Deposit. Check out the table below to see the latest FD interest rates for Systematic Deposit Plan.
| Tenure in Months | Cumulative rates of Interest | |||
|---|---|---|---|---|
| For New Depositors | Special Category | |||
| For senior citizens | For Bajaj Group employees, Bajaj Finance Ltd Depositors and Bajaj Allianz Life Insurance policyholders | |||
| 12 – 23 | 7.40% | 7.65% | 7.50% | |
| 24 – 35 | 7.45% | 7.70% | 7.55% | |
| 36 - 47 | 7.50% | 7.75% | 7.60% | |
| 48 - 60 | 7.60% | 7.85% | 7.70% | |
How much interest will get in 5 years?
If you invest in a Bajaj Finance Fixed Deposit for 5 years, you can grow your savings by more than 47%. To understand this, let’s assume that you’ve invested Rs. 1,00,000 for 5 years in a Bajaj Finance FD.
Here’s a table below to help you know the 5 years Fixed Deposit interest rates better:
| Customer type | Interest rate | Interest amount | Growth in savings |
|---|---|---|---|
| New customer | 7.60% | Rs. 45,577 | 45.57% |
| Existing customer | 7.70% | Rs. 46,254 | 46.25% |
| Senior citizen | 7.85% | Rs. 47,273 | 47.27% |
How to open Fixed Deposit account?
Steps to Open a Bajaj Finance Fixed Deposit Account Online
When investing in a Bajaj Finance Fixed Deposit, existing customers can reap the benefit of an online paperless journey, wherein investing takes a few minutes. To get started with an online investment, here are the steps you can follow:
Step 1: Visit our online application form here
Step 2: Enter your details. Verify your information and make edits, if needed
Step 3: Accept the ‘Terms and Conditions’
Step 4: Your FD will be booked. The FDR and all your FD-related communication will be sent to you on your registered address.
If you’re not an existing customer, consider filling your details here
Features of Bajaj Finance FD
- Deposit amountStarting Rs. 25, 000
- Rate of interestUp to 7.85%
- Benefits on renewal0.10% over and above the rate of interest
- High on stability and credibilityFAAA/Stable rating by CRISIL
MAAA (Stable) rating by ICRA
* ROI per annum applicable on a cumulative scheme of 48-60 months for senior citizens
