Bajaj Finance FD at Finserv MARKETS

 

FD (Fixed Deposit) - Overview & Benefits

Interest Rate upto 7.45% p.a. | Online Application | High CRISIL FAAA Rating | Assured Returns

Earn interest up to 7.45% p.a. by investing in a Bajaj Finance Fixed Deposit | Stable Rating - CRISIL’s FAAA & ICRA’s MAAA

  • Overview
  • Fixed Deposit Calculator
  • Eligibility Criteria
  • Interest Rates and Charges

What is a Fixed Deposit?

A fixed deposit (FD) is a low-risk investment option where you can grow your capital at a fixed rate of interest and for a set tenor. Fixed deposits offer higher interest rates as compared to savings accounts. The safety and attractive interest income on the invested amount makes a fixed deposit an ideal match for all your short term and long term goals.

With Bajaj Finance FD on Bajaj MARKETS you can earn attractive interest income in a safe market environment. With higher safety ratings and lucrative interest rates of up to 7.45% per annum, this deposit is your one-stop solution for all financial goals be it short term or long term. Here is a look at some of the important features and benefits of the that the Bajaj Finance fixed deposit has to offer.

Features and Benefits of a Bajaj Finance Fixed Deposit

It is the best option of investment for people who are looking for both short term and long term investment options. One such FD is the Bajaj Finance FD on Bajaj MARKETS. The following are the benefits and interest rates on offer:

Features

Details

Interest Rate

Ranges from 5.75% p.a. to 7.45% p.a.

Minimum Tenor

1 Year

Maximum Tenor

5 Years

Minimum Deposit Amount

₹15,000

Application Process

Easy and hassle-free online paperless process

Online Payment Options

Net Banking and UPI

Fixed Deposit Annualized rate of interest for non- senior citizens Valid for deposits up to Rs.5 crore (w. e. f. 10 May 2022)

 Non-Senior Citizen FD Rates

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

12 – 23 months

15,000

5.75%

5.60%

5.63%

5.67%

5.75%

24 – 35 months

6.40%

6.22%

6.25%

6.30%

6.40%

36 - 60 months

7.00%

6.79%

6.82%

6.88%

7.00%

Non-Senior Citizen FD Rates for Special Tenures

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

15,000

6.00%

5.84%

5.87%

5.91%

6.00%

18 months

6.10%

5.94%

5.97%

6.01%

6.10%

22 months

6.25%

6.08%

6.11%

6.16%

6.25%

30 months

6.50%

6.31%

6.35%

6.40%

6.50%

33 months

6.75% 6.55% 6.59% 6.64% 6.75%

44 months

7.20%

6.97%

7.01%

7.01%

7.20%

Fixed Deposit Annualized rate of interest for senior citizens Valid for deposits up to Rs.5 crore (w. e. f. 10 May 2022)

Senior Citizen FD Rates

Period

Minimum deposit (in Rs.)

Cumulative At Maturity

(% p.a.)

Non-Cumulative

Monthly

(% p.a.)

Quarterly

(% p.a.)

Half Yearly

(% p.a.)

Annual

(% p.a.)

12 – 23 months

15,000

6.00%

5.84%

5.87%

5.91%

6.00%

24 – 35 months

6.65%

6.46%

6.49%

6.54%

6.65%

36 - 60 months

7.25%

7.02%

7.06%

7.12%

7.25%

Senior Citizen FD Rates for Special Tenures

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

15,000

6.25%

6.08%

6.11%

6.16%

6.25%

18 months

6.35%

6.17%

6.20%

6.25%

6.35%

22 months

6.50%

6.31%

6.35%

6.40%

6.50%

30 months

6.75%

6.55%

6.59%

6.64%

6.75%

33 months

7.00% 6.79% 6.82% 6.88% 7.00%

44 months

7.45%

7.21%

7.25%

7.32%

7.45%

Bajaj Finance FD on Bajaj MARKETS offers one of the best interest rates available in India and can go up to 7.20% per annum. They can go as high as 7.45% per annum for senior citizens. With such lucrative interest rates, you can earn assured returns in a safe market environment.

Higher Senior Citizen FD Rates

A fixed deposit is one of the ideal investment options for senior citizens as it offers higher returns with utmost safety and minimum risks. If you are a senior citizen, i.e. above 60 years of age, you can easily get an additional interest rate benefit of 0.25% p.a. over the regular interest rates with a Bajaj Finance FD. You can also opt for the periodic payout options to tend to your regular expenses.

Types of Fixed Deposits

There are two types of time deposits available on Bajaj MARKETS, cumulative and non-cumulative. These two forms of fixed deposits depend on how you choose to collect the interest payment of your investment. In a cumulative fixed deposit, your interest will be compounded per year and will be paid to you at the time of maturity. On the other hand, in a non-cumulative FD, the interest income will be paid out monthly, quarterly, half-yearly or annually depending on your choice.

Fixed Deposit for NRIs

Bajaj Finance FD also offers the option of NRI FD for Non-resident Indians (NRIs), Overseas Citizen of India (OCI) and Person of Indian Origin (PIO). The NRI/OCI/PIO with an NRO account can easily invest and earn income interest for a flexible tenor ranging from 12 months to 36 months. For new customers, the NRI FD rates are up to 7.20% p.a. while the senior citizens get an additional benefit of 0.25% and can get interest rates as high as 7.45% p.a.

Systematic Deposit Plan

This fixed deposit offers a monthly savings option called Systematic Deposit Plan (SDP). This plan lets investors make small monthly deposits. The interest rates prevailing on the date of each deposit are applicable for that particular deposit. Bajaj Finance now offers schemes under the Systematic Deposit Plan that are Monthly Maturity Scheme and Single Maturity Scheme. These schemes can be availed by the investors as per their requirements. In the Monthly Maturity Scheme, you can get your maturity income on a monthly basis. You can opt for a flexible tenor ranging from 1 year to 5 years and can choose to make 6-48 deposits. On the other hand, with the Single Maturity Scheme, you can get all of your maturity income amounts from all deposits on a single day. You can choose a tenor between 19 months and 60 months and you can make 6 to 47 deposits.

High Stability and Credibility Ratings

Bajaj Finance FD is one of the highly-rated investments with CRISIL’s FAAA/Stable rating and ICRA’s MAAA (Stable) rating. This offers a higher safety to your invested capital. Financiers with the highest credit ratings prove that your money is invested in a safe investment. They also ensure that you get your returns regularly and without any difficulties on part of the issuer. The best way to know if the company is reliable for investment is to check for its credit ratings from reputed rating agencies.

Flexible Tenor

Another interesting aspect of Bajaj Finance fixed deposit is that you can go for a flexible tenor ranging from 12 months to 60 months, i.e. from 1 year to 5 years. Based on your financial needs and requirements, you can achieve all your goals be it short term or long term.

Fixed Deposit Calculator

The FD also offers you a chance to use the FD calculator tool where you can check for maturity amount, interest rate and expected returns before you make the actual investment. You can use the FD calculator on Bajaj MARKETS to plan your finances and investment in advance.

Minimum Deposit Amount of ₹15,000

With Bajaj Finance FD you can start your fixed deposit investment with an amount as low as ₹15,000, making it easier to invest for small investors too. You do not have to wait for a large amount to be saved to start investing. Even with a smaller amount, you can start your investment and grow your money.

Paperless Online Application Process

You can avoid the trouble of submitting lengthy documents and waiting in queues to start your fixed deposit investment with Bajaj Finance FD. You can start your fixed deposit with an easy online application process that saves your time and trouble. It is an end to end online application process where you can open an FD within a few minutes.

Steps to open an FD Online:

  • Share your details & choose a plan

Fill the Bajaj Finance FD form with personal and beneficiary details, and chosen FD amount, plan type and tenor.

  • Upload required documents

Upload the mandatory documents required to open a Bajaj Finance FD account.

  • Deposit FD amount and relax

Once you are done filling in your details and uploading your documents, proceed to pay the FD amount and complete your online application process to open your FD.

  • 24x7 Tracking

Track your Bajaj Finance FD returns with ease anytime, anywhere!

Online Loan Against Fixed Deposit

Even though it is not advised, you might have to prematurely withdraw your FD amount to tend to any emergency expenses. This leads to losing out on the interest income which you would have otherwise earned on maturity. With a Bajaj Finance FD, you can take a loan against it and avoid losing out on interest income. You can take an easily available loan against your FD that is up to 75% of your deposit’s value.

Renewal of your fixed deposit

While filling your fixed deposit application form, you can opt for auto renewal of your FD. By choosing this you will not have to fill any additional form during the maturity period.

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Fixed Deposit - Reviews & Testimonials

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