Lucrative interest rates available
with Fixed Deposits on Finserv MARKETS
Choosing to go with a Fixed Deposit involves investing a principal amount. There is a minimum amount you can invest at a fixed interest rate. The interest rate is determined basis the investment tenure you choose. Over the course of the investment tenure, you gain interest on the amount deposited. This accrues and grows until the maturity of the 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 Finserv Fixed Deposits available on Finserv MARKETS offers investors one the highest interest rates in all of India. Alongside, these FDs enjoy high safety ratings. This ensures that the principal amount you invest is safe.
For information on the best FD Interest Rates offered, please refer to the tables below:
Tenor in months |
Minimum deposit (in Rs.) |
Cumulative |
Non-Cumulative |
|||
Monthly |
Quarterly |
Half Yearly |
Annual |
|||
12 – 23 |
25,000 |
6.10% |
5.94% |
5.97% |
6.01% |
6.10% |
24 – 35 |
6.30% |
6.13% |
6.16% |
6.20% |
6.30% |
|
36 - 60 |
6.60% |
6.41% |
6.44% |
6.49% |
6.60% |
Tenor in months |
Minimum deposit (in Rs.) |
Cumulative |
Non-Cumulative |
|||
Monthly |
Quarterly |
Half Yearly |
Annual |
|||
12 – 23 |
25,000 |
6.35% |
6.17% |
6.20% |
6.25% |
6.35% |
24 – 35 |
6.55% |
6.36% |
6.40% |
6.45% |
6.55% |
|
36 - 60 |
6.85% |
6.64% |
6.68% |
6.74% |
6.85% |
Tenor in months |
Minimum deposit (in Rs.) |
Cumulative |
Non-Cumulative |
|||
Monthly |
Quarterly |
Half Yearly |
Annual |
|||
12 – 23 |
25,000 |
6.20% |
6.03% |
6.06% |
6.11% |
6.20% |
24 – 35 |
6.40% |
6.22% |
6.25% |
6.30% |
6.40% |
|
36 - 60 |
6.70% |
6.50% |
6.54% |
6.59% |
6.70% |
Annual rate of interest valid for deposits up to Rs. 5 crore (w.e.f 2nd Nov 2020)
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.
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.
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.
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.
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.
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