Earn interest up to 8.85% p.a. by investing in a Bajaj Finance Digital FD | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

About Bajaj Finance FD

Bajaj Finance is a non-banking financial company offering various financial services, including loans, insurance, and fixed deposits. With over 35 years of experience in the financial industry, Bajaj Finance has established itself as a leading player in the financial sector.

 

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 handsome returns. Furthermore, you can get attractive interest rates up to 8.35% p.a., with senior citizens enjoying up to 0.25% over the regular rates. 

 

The company has a long-standing reputation in the financial industry and provides a hassle-free investment process. The Bajaj Finance Fixed Deposit is a convenient investment option offering higher returns than most other fixed-income investments.

 

The Bajaj Finance FD rates vary from 7.11% p.a. to 8.35% p.a. across tenors. Besides, 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.

Bajaj Finance Cumulative FD Interest Rates

Tenor (In months)

Non-senior Citizens (p.a.)

Senior Citizens (p.a.)

12 – 14

7.40%

7.65%

15

7.45%

7.70%

>15-17

7.50%

7.75%

18

7.40%

7.65%

19-21

7.50%

7.75%

22

7.50%

7.75%

23

7.50%

7.75%

24

7.55%

7.80%

25-29

7.35%

7.60%

30

7.45%

7.70%

31-32

7.35%

7.60%

33

7.75%

8.00%

34-35

7.35%

7.60%

36 – 43

8.05%

8.30%

44

8.35%

8.60%

45-60

8.05%

8.30%

Disclaimer: Valid for deposits up to ₹5 Crores (w.e.f 2nd January 2024).

Bajaj Finance Non-Cumulative FD Interest Rates

Tenor (months)

Monthly (p.a.)

Quarterly (p.a.)

Half-Yearly (p.a.)

Annual (p.a.)

Non-senior citizens

Senior citizens

Non-senior citizens

Senior citizens

Non-senior citizens

Senior citizens

Non-senior citizens

Senior citizens

12 – 14

7.16%

7.39%

7.20%

7.44%

7.27%

7.51%

7.40%

7.65%

15

7.21%

7.44%

7.25%

7.49%

7.32%

7.56%

7.45%

7.70%

>15-17

7.25%

7.49%

7.30%

7.53%

7.36%

7.61%

7.50%

7.75%

18

7.16%

7.39%

7.20%

7.44%

7.27%

7.51%

7.40%

7.65%

19-21

7.25%

7.49%

7.30%

7.53%

7.36%

7.61%

7.50%

7.75%

22

7.25%

7.49%

7.30%

7.53%

7.36%

7.61%

7.50%

7.75%

23

7.25%

7.49%

7.30%

7.53%

7.36%

7.61%

7.50%

7.75%

24

7.30%

7.53%

7.35%

7.58%

7.41%

7.65%

7.55%

7.80%

25-29

7.11%

7.35%

7.16%

7.39%

7.22%

7.46%

7.35%

7.60%

30

7.21%

7.44%

7.25%

7.49%

7.32%

7.56%

7.45%

7.70%

31-32

7.11%

7.35%

7.16%

7.39%

7.22%

7.46%

7.35%

7.60%

33

7.49%

7.72%

7.53%

7.77%

7.61%

7.85%

7.75%

8.00%

34-35

7.11%

7.35%

7.16%

7.39%

7.22%

7.46%

7.35%

7.60%

36 – 43

7.77%

8.00%

7.82%

8.05%

7.89%

8.13%

8.05%

8.30%

44

8.05%

8.28%

8.10%

8.34%

8.18%

8.42%

8.35%

8.60%

45-60

7.77%

8.00%

7.82%

8.05%

7.89%

8.13%

8.05%

8.30%

Bajaj Finance FD Returns Based on Different Tenors

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

7.55%

₹78,350

36

8.05%

₹1,30,731

48

8.05%

₹1,81,505

60

8.05%

₹2,36,366

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

7.80%

₹81,042

36

8.30%

₹1,35,119

48

8.30%

₹1,87,834

60

8.30%

₹2,44,935

Compare Bajaj Finance Fixed Deposit Returns with Top Banks

By comparing the FD interest rates in Bajaj Finance with other 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%

Bajaj Finance FD Interest Rates for NRIs

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.)

12-14

7.40%

7.65%

>15-23

7.50%

7.75%

24

7.55%

7.80%

25-35

7.35%

7.60%

36

8.05%

8.30%

Types of Bajaj Finance FD Schemes

Bajaj Finance offers 2 types of fixed deposits, cumulative and non-cumulative.

  • Cumulative FD

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.

 

Once your FD tenor is complete, you get this maturity amount. The Bajaj Finance deposit rates are higher for cumulative deposits.

  • Non-Cumulative FD

Non-Cumulative FDs, on the other hand, offer the flexibility of receiving periodic interest payouts, which can be monthly, quarterly, half-yearly, or annually, as per your requirement. 

 

These are ideal when you are looking for regular income options. Here, the Bajaj Finance interest rate on fixed deposits is comparatively lesser than the cumulative option.

 

You can choose the type of FD scheme based on your investment goals and financial requirements. Cumulative FDs may be a better option if you are looking for higher returns and do not require immediate income. 

However, if you need a regular source of income from your investment, then non-cumulative FDs may be more suitable for you.

Features of the Bajaj Finance FD

Flexible Tenors

The Bajaj Finance FD online scheme has a flexible tenor of up to 60 months. This allows you to choose a tenor that best suits your requirements for growth while ensuring financial security. 

Easy to Start

You can book a Bajaj Finance FD with a minimum deposit of ₹15,000. Opening a fixed deposit account with Bajaj Finance can assist you in saving money for your financial goals, regardless of the size of your excess funds.

With Bajaj Finance's multiple deposit facilities, you can book multiple fixed deposits with varying tenures, enabling easy access to your funds in case of emergencies. 

Auto-Renewal

You can avoid the additional effort of renewing your fixed deposit manually by opting for the auto-renewal feature. This allows you to keep your funds invested longer and earn returns.

Eligibility Criteria

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 (such as an Aadhaar card, PAN card, Voter ID card, or passport) and address proof (utility bills, rental agreements, or bank statements) when booking your FD

  • The minimum deposit amount for opening an FD with Bajaj Finance is ₹15,000.

 

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 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 at Bajaj Markets.

Latest Bajaj Finance FD News

Bajaj Finance Increases Fixed Deposit Rates, Seniors Citizens Can Get Up to 8.60% p.a

Bajaj Finance has hiked its FD rates up to 40 bps on fixed deposits that mature in 36-60 months, offering up to 8.35% p.a and 8.60% p.a to non-senior citizens and senior citizens respectively. The company notified in a statement that senior depositors can earn 8.60% p.a if they invest in the 44 month special tenor. The revised interest rates will be applicable on fresh deposits as well as renewals of up to ₹5 Crores. The new interest rates have come into effect from 10th May, 2023.

- May  23, 2023

Bajaj Finance Increases FD Rates by up to 30 Basis Points

Bajaj Finance Ltd. has increased its FD interest rates by up to 30 basis points for investment tenors between 24 and 30 months. The rate change will come into effect from 7th October 2022 on both, fresh deposits and renewals, of maturing deposits of up to Rs. 5 Crores. 

 

Changes have been made with regard to cumulative FD rates for regular citizens (aged 60 and below). They will now earn 30 bps and 20 bps higher for tenors of 30 and 33 months, respectively. The FD rates for investment tenors of 15, 18 and 22 months now stand changed at 6.7%, 6.8% and 7.05%.

 

- Nov  09, 2022

Disclaimer

“The information provided by BFDL herein above is related to the Group Company and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. in the content mentioned hereinabove, as well as offers by the Group Companies. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED.”

FAQ on Bajaj Finance FD Interest Rates 2023

To open a Bajaj Finance FD account, you will need to provide a copy of your identity proof (such as Aadhaar card, PAN card, passport, or driving licence) and address proof (such as an Aadhaar card, passport, utility bill, or bank statement).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 per the Income Tax Act 1961. However, senior citizens can avail of a higher tax exemption limit on the interest earned on their fixed deposits.

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