The Bajaj Finance FD offers attractive interest rates, flexible tenors, and various investment options to suit the needs of different investors. These FDs are available for non-senior citizens and senior citizens.
With a maximum tenor of 5 years, you can book a Bajaj Finance FD online with just ₹15,000 and earn competitive returns. Furthermore, you could get attractive interest rates up to 8.25% p.a., with senior citizens enjoying up to 0.25% p.a. over these rates.
Tenor in Months |
Non-senior Citizens (p.a.) |
Senior Citizens (p.a.) |
12 |
7.40% |
7.65% |
16 |
7.50% |
7.75% |
18 |
7.80% |
8.05% |
22 |
7.90% |
8.15% |
25 |
7.80% |
8.20% |
33 |
8.10% |
8.35% |
36 |
8.10% |
8.35% |
44 |
8.25% |
8.50% |
48 |
8.10% |
8.35% |
60 |
8.10% |
8.35% |
Disclaimer: The above interest rates are w.e.f. 3rd April 2024.
Tenor in Months |
Monthly (p.a.) |
Quarterly (p.a.) |
Half-Yearly (p.a.) |
Annually (p.a.) |
||||
Non-senior Citizens |
Senior Citizens |
Non-senior Citizens |
Senior Citizens |
Non-senior Citizens |
Senior Citizens |
Non-senior Citizens |
Senior Citizens |
|
12 |
7.16% |
7.39% |
7.20% |
7.44% |
7.27% |
7.51% |
7.40% |
7.65% |
16 |
7.25% |
7.49% |
7.30% |
7.53% |
7.36% |
7.61% |
7.50% |
7.75% |
18 |
7.53% |
7.77% |
7.58% |
7.82% |
7.65% |
7.89% |
7.80% |
8.05% |
22 |
7.63% |
7.86% |
7.68% |
7.91% |
7.75% |
7.99% |
7.90% |
8.15% |
25 |
7.53% |
7.91% |
7.58% |
7.96% |
7.65% |
8.04% |
7.80% |
8.20% |
33 |
7.81% |
8.05% |
7.87% |
8.10% |
7.94% |
8.18% |
8.10% |
8.35% |
36 |
7.81% |
8.05% |
7.87% |
8.10% |
7.94% |
8.18% |
8.10% |
8.35% |
44 |
7.95% |
8.19% |
8.01% |
8.24% |
8.09% |
8.33% |
8.25% |
8.50% |
48 |
7.81% |
8.05% |
7.87% |
8.10% |
7.94% |
8.18% |
8.10% |
8.35% |
60 |
7.81% |
8.05% |
7.87% |
8.10% |
7.94% |
8.18% |
8.10% |
8.35% |
Disclaimer: The above interest rates are w.e.f. 3rd April 2024.
The following table summarises the returns you can earn from a Bajaj Finance Fixed Deposit (FD) for various tenors, with an assumed investment amount of ₹5 Lakhs.
The table below shows the Bajaj Finance FD interest rates of Non-Senior Citizens:
Tenor (in months) |
Interest Rates (p.a.) |
Cumulative Interest Earnings |
12 |
7.40% |
₹37,000 |
24 |
7.80% |
₹81,042 |
36 |
8.10% |
₹1,31,607 |
48 |
8.10% |
₹1,82,767 |
60 |
8.10% |
₹2,38,072 |
The table below shows the Bajaj Finance FD interest rates for senior citizens:
Tenor (in months) |
Interest Rates (p.a.) |
Cumulative Interest Earnings |
12 |
7.65% |
₹38,250 |
24 |
8.20% |
₹85,362 |
36 |
8.35% |
₹1,35,999 |
48 |
8.35% |
₹1,89,105 |
60 |
8.35% |
₹2,46,646 |
By comparing the FD interest rates in Bajaj Finance with banks, you can make an informed decision and optimize your returns.
Below are the interest rates on fixed deposits from a few leading banks.
Bank |
Non-senior Citizens (p.a.) |
Senior Citizens (p.a.) |
State Bank of India |
Up to 7.00% |
Up to 7.60% |
Kotak Mahindra Bank |
Up to 7.20% |
Up to 7.70% |
ICICI Bank |
Up to 7.25% |
Up to 7.25% |
Canara Bank |
Up to 7.25% |
Up to 7.75% |
Axis Bank |
Up to 7.10% |
Up to 8.01% |
Bank of Baroda |
Up to 7.05% |
Up to 7.55% |
YES Bank |
Up to 7.00% |
Up to 7.75% |
Punjab National Bank |
Up to 7.25% |
Up to 8.05% |
Union Bank of India |
Up to 7.25% |
Up to 7.75% |
HDFC Bank |
Up to 7.10% |
Up to 7.75% |
Disclaimer: The above-listed interest rates are subject to change at the banks’ discretion.
Here are the Bajaj Finance Cumulative FD interest rates for Non-resident Indians or NRIs.
Tenor in Months |
Non-senior Citizens (p.a.) |
Senior Citizens (p.a.) |
12 |
7.40% |
7.65% |
16 |
7.50% |
7.75% |
18 |
7.80% |
8.05% |
22 |
7.90% |
8.15% |
25 |
7.80% |
8.20% |
33 |
8.10% |
8.35% |
36 |
8.10% |
8.35% |
44 |
8.25% |
8.50% |
48 |
8.10% |
8.35% |
60 |
8.10% |
8.35% |
Disclaimer: The above interest rates are w.e.f. 3rd April 2024.
Bajaj Finance offers two types of fixed deposits, cumulative and non-cumulative:
Cumulative FDs are suitable if you want to earn higher interest rates and seek a lump sum payout upon maturity. With cumulative FDs, the interest on the principal amount is compounded and added along with the principal amount.
Non-cumulative FDs, on the other hand, offer the flexibility of receiving periodic interest payouts, which can be monthly, quarterly, half-yearly, or annual, as per your requirement. These are ideal when you are looking for regular income options.
You can choose a tenor of up to 60 months with an online Bajaj Finance FD
You can book a Bajaj Finance FD with a minimum deposit of ₹15,000
You can enable the auto-renewal feature for your FD to avoid the hassle of manual renewals
To open a fixed deposit with Bajaj Finance, you need to fulfil the following eligibility criteria:
You must be 18 years old to invest in a Bajaj Finance FD
You need to be an Indian citizen
Submit valid identity proof (Aadhaar card, PAN card, Voter ID card, or passport) and address proof (utility bills, rental agreements, or bank statements)
Invest a minimum of ₹15,000 to book an FD
With the above eligibility criteria, the following entities can invest in an FD:
Indian Resident
Sole Proprietors
Partnership Firms
Societies, family trusts, and clubs
HUFs
NRIs
The attractive Bajaj Finance Fixed Deposit interest rates make it a great investment option to grow your wealth. Select the right tenor and take advantage to earn better returns.
Furthermore, you can invest in Bajaj Finance Fixed Deposit in just a few simple steps and secure your financial growth, online.
Follow these quick steps to proceed:
Click on ‘Invest Now’
Enter your mobile number, date of birth, and the verification code (OTP) sent to your number
Compare the attractive interest rates offered by various banks/ NBFCs
Select the partner, tenor, and interest payout frequency that best suits your needs
Upload your PAN card, Aadhaar card, and a selfie for quick processing
Double-check and update your details like your address, marital status, and email address
Securely enter your bank details including your bank name, IFSC code, and account number
Add your nominee details
Make your online payment and start earning on your investment
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To open an FD account with Bajaj Finance, you will need to provide a copy of your identity proof and address proof . Additionally, you may need to provide a passport-size photograph and a cancelled cheque or bank statement.
Yes, Bajaj Finance allows premature withdrawal of FDs, subject to certain terms and conditions. However, premature withdrawal may attract a penalty, and the interest paid may be lower than the original interest rate.
You can pay to open a Bajaj Finance FD account through various modes, such as net banking, cheque, UPI, or NEFT/RTGS transfer. You can choose the mode that is most convenient for you.
No, the interest earned on Bajaj Finance FD is not tax-free. The interest earned is subject to taxation as per the Income Tax Act, 1961. However, senior citizens can enjoy a higher tax exemption limit on the interest earned on their fixed deposits.
With a minimum tenor of 12 months, you can book a Bajaj Finance FD online with just ₹15,000.
The senior citizens can get an additional rate of up to 0.25%, meaning, you can get up to 8.60% p.a. Bajaj Finance also offers FDs for special tenors that go up to 44 months at 8.85% p.a. for senior citizens.