Bajaj Finance FD Interest Rates

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. The Bajaj Finance FD is one of the most competitive FDs available in the market, allowing you to maximize returns and grow your corpus. Read on to learn more about Bajaj Finance's fixed deposit interest rate for different time periods.

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.

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:

The table below shows the Bajaj Finance FD interest rates for senior citizens:

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.

Here are the Bajaj Finance Cumulative FD interest rates for Non-Resident Indians or NRIs.

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.

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.