FD Rates - Get highest rate of interest on Fixed Deposits

On This Page: Fixed Deposit Rates 2021 - Check the latest FD Rates | FD Rates offered by Finserv MARKETS | Features and Benefits of Bajaj Finance FD | Different types of FD plans on Finserv MARKETS | FAQs

Fixed Deposit Rates 2021 - Check the Latest Bajaj Finance FD Rates

Choosing to go with a Fixed Deposit involves investing a principal amount. There is a minimum amount you can invest at a fixed rate to earn high FD interest rates. The FD interest rates are determined on the basis of the investment tenure you choose. Over the course of the investment tenure, you gain FD interest rates on the amount deposited. This accrues and grows until the maturity of the bajaj finance FD where you can choose to withdraw or re-invest the amount. When you decide to invest in an FD, do keep in mind that the higher interest rates will provide you with a bigger amount at the time of maturity. Hence, you ought to go with the lender that offers the highest FD rates in India.

Bajaj Finance Fixed Deposits available on Finserv MARKETS offers investors one the highest FD interest rates in all of India. Alongside, these FDs enjoy high safety ratings. This ensures that the principal amount you invest is safe.

FD Rates offered by Finserv MARKETS

For information on the best Bajaj Finance FD Rates offered, please refer to the tables below:

• For New Customers

• For Senior Citizens

• For Online Customers

Annual rate of interest valid for deposits up to Rs. 5 crore (w.e.f 2nd Nov 2020)

Features and Benefits of Bajaj Finance FD

There are multiple benefits of investing in Bajaj Finance FD. You can book your Bajaj Finance FD through a fast online process. You get to keep track of your fixed deposit account online and avail competitive fixed deposit rates of 7.25% in India. Senior citizens can avail a benefit of extra 0.25% FD interest rate. Not only this, Bajaj Finance FD comes with assured returns irrespective of market fluctuations.

Different types of FD plans on Bajaj Finserv

There are different types of FD offered by banks and non-banking financial companies in India with tenures ranging from 7 days to 20 years. These options provide you with the opportunity to easily invest on the basis of your planning. At Finserv MARKETS, you get plenty of variety in Fixed Deposits investment options such as Cumulative FD & Non-Cumulative FD, Corporate FD, Monthly Interest FD & Short term FD.

• Cumulative FD -

In a Cumulative Fixed Deposit, the interest accumulated on your Fixed Deposit is reinvested and you get the benefit of compounding return. Hence, Cumulative Fixed Deposits are also called money multipliers.

• Non-Cumulative FD -

In a Non-Cumulative FD, the interest amount is payable on a monthly, quarterly, semi-annual or annual basis.

• Corporate FD -

Corporate FD is also called Company Fixed Deposit. It’s a term deposit in which the fixed rates of interest is payable over a fixed period. Corporate FDs are provided by multiple Financial and Non-Banking financial companies (NBFCs) across India. The FD maturity ranges from a few months to a few years.

• Monthly Interest FD -

In a monthly interest FD, the deposit is either received by the account holder in regular intervals i.e. fortnightly, monthly, quarterly or yearly basis upon maturity of the term.

• Short term FD rates -

Short term FD allows you to select a term from 7 days to 12 months. Interest is accumulated over the selected term and is paid at maturity.

Common Queries Asked By FD Investors 

Do you pay interest on FDs monthly?

Yes, we do. The choice of having the interest on fixed deposit paid on a periodic basis lies with the investor. You can opt for a monthly pay-out on your Bajaj fixed deposit.

Am I liable to pay tax on the interest earned through Fixed Deposits?

Yes, you are, as the interest earned is fully taxable. The interest that you earn when investing in an FD is added to your total income. Based on the tax-slab category, you are liable to pay tax on this total amount. This reflects under the section ‘Income from Other Sources’ in your IT Returns. Additionally, ‘Tax Deducted at Source’ or TDS will be deducted on the interest amount.

How do I select the best Fixed Deposit Rates Scheme?

Based on your requirements, you get to choose your FD pay-out. This could be at the end of the maturity period or you could always opt for periodic pay-outs. Should you have regular expenses to take care of, you can opt for periodic pay-outs. However, if you prefer receiving a lumpsum amount, then you should choose to get the interest at the end of the FD tenure. However, do keep in mind that selecting the best FD rates scheme is important as it affects the interest pay-out.

What makes FDs good investment options?

To start off, an FD is best suited for investors who do not like to take much risks and are looking for stable returns. Fixed Deposits offered on Finserv MARKETS allow for flexible investment tenures, competitive interest rates and period pay-outs and are the best when it comes to low-risk investment options that aren’t influenced by market fluctuations.

Speaking of tenures, what is the maximum and minimum FD tenures offered on Finserv MARKETS?

We offer investors the freedom of choosing their own FD tenures. The minimum tenure is 12 months while the maximum is 60 months. It is important to note that your Fixed Deposit rates is determined basis the tenure you choose.