- Overview
- Fixed Deposit Calculator
- Eligibility Criteria
- Interest Rates and Charges
Take control of your investments by clubbing stability with attractive returns. What's more, you can choose from a range of tenures that suit your needs. To top it all, Finserv MARKETS provide a very easy process to book your FDs online.
Features and Benefits of Bajaj Finance Fixed Deposit
Why Choose Finserv MARKETS for Fixed Deposit Online
How to Apply for Bajaj Finance Fixed Deposit
Invest for your future in 4 easy steps.
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Fill in your details & choose FD plan
Fill your personal and beneficiary details, choose the FD amount, plan type and tenor.
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Upload documents required
Upload the documents required to open an Bajaj Finance FD account.
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Deposit FD amount and relax
Once you're done with form filling and document submission, pay the FD amount and complete your Bajaj Finance fixed deposit online application process.
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24x7 Tracking
Track your Bajaj Finance FD returns anytime, anywhere!
Bajaj Finance FD - Eligibility Criteria and Documents Required
- Indian citizen residing in the country.
- HUF (Hindu Undivided Family).
- Sole proprietors, partnership firms, and companies (includes group companies).
- Clubs, Societies and Associations.
- Family trust.
- Latest photograph.
- KYC documents.
What is Fixed Deposit?
What is FD - Fixed Deposits are one of the most traditionally popular savings avenues. Indians have always preferred to park their savings in a fixed deposit account because they present a safe investment, offer good returns, and are easy to operate and understand.
In a fixed deposit account, you invest a lump sum money for a pre-decided tenure at an agreed rate of interest. At the end of the tenure, you receive the principal amount along with the compound interest. In case you opt for a non-cumulative FD, you will receive interest on a regular basis - either monthly, quarterly ot yearly. Because FDs are meant for a fixed tenure, they are also called term deposits.
Types of FDs
Finserv MARKETS provides you with the option to choose from two types of FDs, depending upon your preference for the returns.
Cumulative Fixed Deposits
As the name suggests, cumulative fixed deposits reinvest the interest with the principal amount such that the amount you receive at maturity includes your principal amount and the total interest accumulated. Such cumulative fixed deposits are best suited for investors who are keen on maximising their returns on the FD, but don’t seek a regular payout.
Non-cumulative Deposits
Non-Cumulative Fixed Deposit is a kind of FD where the interest is payable on a monthly, quarterly, and half-yearly or annual basis. You can choose the frequency of the interest payout. With the steady returns from non-cumulative FD, you can look for regular interest payouts, to meet your monthly expenses, bills etc. This is why such types of FDs are extremely suitable for people who need a regular income, such as pensioners.
Maximise returns through Laddering Fixed Deposits
FDs are great investments that preserve your money against the market volatility, and if wealth creation is your goal, you can try to maximise your returns through laddering, which means investing in multiple FDs with varied tenures.
Laddering deposits is basically a way in which you can split your investment into multiple FDs so that you get to maintain steady liquidity, while also allowing your fixed deposit accounts to earn high returns. It can help reduce losses associated with premature withdrawals - you can receive the amount from the FD nearest to its maturity date. You can also meet your short-term goals through laddering.
Interest Rates
Interest rates on FDs are fixed when you open the deposit and the rate depends on the term that you wish to hold it for. Finserv MARKETS offers an interest rate which can go up to 7.35% and fixed deposit rates for senior citizens that are as high as 0.25%, over and above the existing rates.
Taxation
As per the Section 194A of the Income Tax Act of 1961, the interest that is earned from investing in fixed deposits floated by NBFCs and banks is taxable in case it crosses Rs. 5,000/Rs. 10,000 depending on the type of financial institution. Often, tax is deducted at source for the same.
Fixed Deposit Renewals
When the Fixed Deposit reached maturity, you are presented with the option to either withdraw or renew. If you choose the former option, the maturity amount will be directly credited to your bank account. If you choose to renew the FD, it can be done easily online.
- Fixed deposits for senior citizens
- Fixed deposits for women
- NRI Fixed Deposit
- Different Types of FDs
- How to Calculate Fixed Deposit Maturity Amount?
- What is Interest Rate on Fixed Deposit?
- TDS on fixed deposits
- How is Fixed Deposit interest calculated?
- Why should you choose Bajaj Finance Fixed Deposit?
- Why FD is a smart way of Investment?
- Loans Again Fixed Deposit
- Pros and Cons for investing in Fixed Deposit
- Fixed Deposits vs Debt Mutual Fund
- Fixed Deposit vs SIP
- Premature Withdrawal of Fixed Deposits
- Steps to earn more money from FD
- How to open FD account online?
- What is Cumulative and Non Cumulative Fixed Deposit?
- Why Choose Fixed Deposits Over Savings Account?
- FD vs NSC
- FD vs ELSS
- Benefits of FD
- Earning High Returns on Secured Investment for Audience Who has Exhausted 80C Limit
- Invest with Finserv MARKETS App
- What is Fixed Deposit?
- How to apply for FDs?
- FD or PPF: Which is the best investment option for you?
- Is an FD plan good for your child’s future?
- What are the different types of FDs?
- FD vs RD
- How Fixed Deposits Work?
- Fixed Deposits vs Debt Mutual Fund
- Fixed Deposit vs. SIP
- Premature Withdrawal of Fixed Deposits
- Steps to earn more money from FD
- How to open FD account online?
- What is Cumulative and Non Cumulative Fixed Deposit?
- Why Choose Fixed Deposits Over Savings Account?
- FD vs NSC
- FD vs ELSS
- Benefits of FD
- Earning High Returns on Secured Investment for Audience Who has Exhausted 80C Limit
Why Bajaj Finserv Fixed Deposit from Finserv MARKETS?
Bajaj Finserv Fixed Deposits available online at Finserv MARKETS offer lucrative interest rates of up to 7.35%. These FDs enjoy stable ICRA MAAA and CRISIL FAAA ratings. With a minimum investment amount of Rs. 25,000 and flexible investment tenures that range from 12 months to 5 years, go ahead and invest right away. What’s more, senior citizens enjoy special interest rates! You can also use Bajaj Finance FD calculator to determine the interest amount that you can earn upon maturity of your Fixed Deposit.
Manage all your queries here
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✔️Who can open a Fixed Deposit account with us?
You can start a Fixed Deposit with just Rs. 25,000. To apply, you must meet be a Resident Indian citizen. -
✔️What is the tenure I can choose for FDs?
Your fixed deposit schemes could range between 1 year to 5 years. -
✔️How to withdraw or renew Fixed Deposits?
As popular investment options, FDs are always subject to renewal and withdrawal. After the completion of your tenor, you can either renew or withdraw your FD. You can renew your FD easily online. If you don’t plan to renew your FD, your maturity amount will be directly credited into your bank account. -
✔️Who should invest in Fixed Deposit?
If you are a Resident Indian citizen, you can invest in a FD. They are safe investment avenues that help you grow your savings, without risk to your principal amount. You must invest in Fixed Deposits if you’re looking for: (1) Diversifying your investments (2) Higher returns with stability Flexibility in terms of tenor and pay out (3) Most risk-averse investors invest in FDs for their stability and assured returns. Since your returns are unaffected by market forces, you can look for assured returns. -
✔️How to choose the best Fixed Deposit scheme?
Choosing the right FD scheme is very important to get the best returns out of your investment. You must consider the following factors: 1. Rate of interest , 2. Credibility of FD provider, 3. Tenure, 4. Interest pay out frequency, and 5. Penalty rates. You will get one of the highest interest rates and you can choose your tenure and interest pay out frequency. -
✔️What are the different types of Fixed Deposits?
They are of two types – Cumulative and Non-Cumulative. In case of Cumulative FDs, the interest is compounded every quarter or annually, and paid at the time of maturity. In a Non-Cumulative FD, interest is paid out periodically, as per the investor’s choice. The regular interest pay outs can help you meet your daily expenses. Though both FDs offer better returns than a savings account, cumulative FDs help you earn higher returns. -
✔️What is TDS on an FD?
A TDS refers to the Tax Deducted at Source and as per the Section 194A of the Income Tax Act of 1961, interest that is earned from investing in fixed deposits floated by NBFCs and banks is taxable in case it crosses Rs. 5,000/Rs. 10,000 depending on the type of financial institution. The interest income for a single depositor will be computed after taking all his/her fixed deposits into account. The TDS is calculated by the financial institution and is paid into the requisite Government account depending upon the frequency of interest pay outs to the investor. The TDS certificate is given to the investor on a quarterly basis. In case the investor furnishes Form 15G/15H during the application stage for a fixed deposit, he/she will not have to pay tax on interest income. This can be furnished when the investor’s total income is lower than the taxable limit. Form 15G/H is valid for one financial year. -
✔️How to choose best Fixed Deposit Plan?
You have two options before you, namely Cumulative Fixed Deposits or Non-Cumulative Fixed Deposits. In case of Cumulative Fixed Deposits, the interest you earn on the principal amount will be compounded annually. This means that you can grow your wealth steadily and get the entire interest income paid out at the time of maturity along with the principal amount. There are no periodic pay outs of interest income and this scheme can actually multiply your money in a bigger way if you are disciplined enough and do not need regular interest income pay outs. In case of the non-cumulative FD scheme, the interest you earn on your principal amount will be paid out at regular intervals. This can be on a monthly or quarterly basis or even on a semi-annually or yearly basis. Now this scheme is ideal if you need the interest income paid out at periodic intervals. It all depends on your own circumstances and the goals you have from your FD, i.e. earning regular interest income or simply growing wealth for a specific tenure without any regular income needs. Apart from choosing between these two types, you should also select the best fixed deposit plan based on other parameters which are the following: (1) Rates of interest - You should always go for the highest possible rates of interest. (2) Tenure - You should choose flexible tenure as per your convenience. (3) Terms & Conditions - You should always choose a fixed deposit plan where you have convenient interest pay outs and keep in mind extra rates for senior citizens among other aspects. (4) Other features - Go for financial institutions which offer you online access to your fixed deposit account along with easy application and payment procedures. -
✔️Will any special rates be applicable for specific category of applicants?
Yes, specific category of applicants will be eligible for special rates as mentioned below: • Senior Citizens (more than 60 years of age, subject to provision of proof of age) – Additional rate of 0.25% p.a. for deposit size up to ₹5 Crore • Bajaj Group Employees – Additional rate of 0.10% p.a. (BHIL, BAL, BFS, BFL, MSL, BAGIC, BALIC, MUKAND and BAJAJ ELECTRICALS) for deposit size up to ₹5 Crore • Only one of the above special category benefit is allowed per transaction • Rate of interest for bulk deposits of more than ₹5 Crore may vary from the published card rate and to be decided on a case to case basis. -
✔️What are the benefits of a Fixed Deposit available on Finserv MARKETS?
Now avail of the best in class fixed deposits (AAA rated NBFC) at attractive rates. Finserv Markets is one of the fastest growing NBFCs from one of the most trusted and respected business houses in India offers an all new FD program for Indian residents. (1) Minimum deposit size of Rs.25000. (2) Rated FAAA/Stable by CRISIL and MAAA/Stable by ICRA, which means highest safety of your money (3) Attractive and assured rates of interest for your money to grow periodically. (4) Choose a tenor of any number of months from 12 to 60 carrying different rates of interest to suit everyone’s needs. (5) Branch presence across over 600 locations in India. (6) Access to all loan account details on our Customer Portal – Experia. (7) Flexibility of payment option through electronic or physical modes. (8) Special rates for senior citizens, existing customers and group employees. (9) Our in-house products are available at attractive rates specially to the depositor.
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