- Overview
- Fixed Deposit Calculator
- Eligibility Criteria
- Interest Rates and Charges
On This Page: Different Types of FD | Features and Benefits of Bajaj Finserv FD | Eligibility Criteria | Steps on how to Open an FD on Bajaj Finance | Why choose a Bajaj Finance FD? | FAQs
Bajaj Finance Fixed Deposit
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 with a Bajaj Finance FD with an attractive interest rate of 6.75%.
Fixed Deposit is a safe way to 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. A Bajaj Finance Fixed Deposit provides a very easy process to open an FD account online giving you assured returns and steady growth of capital. With the Bajaj Finance FD rates you can achieve your financial goals easily.
Checkout the Bajaj Finance FD rates for regular, online and senior citizens on Finserv MARKETS. Pick the Bajaj Finance FD which works best for you and start investing today.
Different Types of FDs
You can avail different types of Bajaj Finance Fixed Deposit at Finserv MARKETS. These Fixed Deposit schemes provide benefits to all age groups basis their requirements. There are Fixed Deposit schemes which provide benefits to senior citizens as well as schemes which provide high returns to NRIs.
Fixed Deposit for Non-Senior Citizens |
Deposit in a fixed deposit for long term & earn interest upto 6.75% |
Flexible from 12 months to 60 months |
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Choose to get interest payout at maturity, or choose periodic payouts |
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Invest easily through a paperless journey, and get additional 0.10% rate on investing online |
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Fixed Deposit for Senior Citizens |
This type of FD is available for senior citizens above 60 years of age |
Senior Citizens gain 0.25% higher interest rate |
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Deposit amount for a fixed tenure and interest rate of up to 6.75% |
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Flexible from 12 months to 60 months |
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Fixed Deposit for NRIs |
This FD is created for non-resident Indians, Overseas Citizens of India and Persons of Indian Origin with NRI accounts |
Deposit amount for a fixed tenure and interest rate of up to 6.75% |
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Flexible from 12 months to 60 months |
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Payments is accepted through cheque or RTGS/NEFT from RTO account |
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Systematic Deposit Plan |
Make monthly deposits starting Rs. 5000 per month |
Choose number of deposits ranging from 6 to 48 |
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Tenure for each deposit ranges from 12 months to 60 months |
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Payments is accepted through cheque or RTGS/NEFT from RTO account |
Features and Benefits of Bajaj Finserv FD
- Fast Online Process
Forget visits to any branch or a lengthy documentation process. With Finserv MARKETS, apply for an Bajaj Finance FD, submit documents and keep track of your fixed deposit account online. Seamless and hassle-free!
- Competitive Interest Rates
Finserv MARKETS offers the best fd interest rates in India. Bajaj Finance FD interest rates can go up to 6.75%.
- Senior Citizen Benefit
Finserv MARKETS offers senior citizens fd rates that are as high as 0.25%, over and above the existing rates.
- Flexible FD Tenure
Choose an investment period that ranges from 12 months to 5 years.
- Assured Returns
Finserv MARKETS and secured investments go hand in hand. Irrespective of market fluctuations, we promise high returns. Your money is in safe hands.
Eligibility Criteria
You need to fulfill a certain set of easy requirements in order to be eligible for a Bajaj Finance Fixed Deposit. Below is a list of parameters to be fulfilled to avail the Bajaj Finance Fixed Deposit. Once you are eligible, you can apply for the Bajaj Finance Fixed Deposit in a few simple easy steps online and avail high returns on your investments.
All we need from you…
- 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.
Steps on how to Open an FD on Bajaj Finance
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!
Why choose a Bajaj Finance FD?
Bajaj Finance FD is available online at Finserv MARKETS. We offer lucrative interest rates of up to 6.75%. Bajaj Finance Fixed Deposits enjoy stable ICRA MAAA and CRISIL FAAA ratings. With a minimum investment amount of ₹25,000 and flexible investment tenures that range from 12 months to 5 years, you can go ahead and invest right away. What’s more, senior citizens enjoy special interest rates! You can also use the Bajaj Finance FD calculator to determine the interest amount that you can earn upon maturity of your Bajaj Finance Fixed Deposit.
Why Bajaj Finserv Fixed Deposit from Finserv MARKETS?
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. You can pick multiple Bajaj Finance Interest rates on FDs available on Finserv MARKETS
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 with the high Bajaj Finance FD rates offered. It can help reduce losses associated with premature withdrawals - you can receive the amount from the FD nearest to its maturity date. With the best Bajaj Finance Fixed Deposit rates chosen you can invest in multiple FDs and meet your short-term goals through laddering.
Interest Rates
Bajaj Finance FD Interest rates are fixed when you open the deposit and the rate depends on the term that you wish to hold it for. Bajaj Finance FD Interest rates can go up to 6.75% 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 reaches 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. You can pick the Bajaj Finance FD Interest rates which works for you during the FD renewal process online
Manage all your queries here
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✔️ What minimum amount can be deposited in Fixed Deposit?
You can start investing in a Bajaj Finance Fixed Deposit with as low as ₹25,000
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✔️ Is there any option to get monthly interest on FD?
Yes. You can get monthly interest rate on your Bajaj Finance Fixed Deposit. Use Bajaj Finance Fixed Deposit Calculator to calculate the amount of interest you would earn on your Fixed Deposit.
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✔️ What is the minimum tenure for a Fixed Deposit on Bajaj Finserv?
The minimum period for a Bajaj Finance Fixed Deposit is 12 Months
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✔️ What happens to FD once it matures?
Once the FD matures, the maturity amount is transferred electronically in the bank account which the investor mentioned in the initial investment form.
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✔️ Is it possible to withdraw my deposit before maturity?
There is a fixed lock-in period of 3 months when you invest in Bajaj Finance Fixed Deposit. While there is no penalty on withdrawing money prematurely, you may incur losses in terms of earned interest.
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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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