Fixed deposits (FDs) are financial instruments that let you save your funds for a predefined period of time at a predetermined rate of interest. Bajaj Finance, a Non-banking Financial Company (NBFC), offers fixed deposits at attractive interest rates of up to 8.10% for tenors of up to 5 years, providing you with dual benefits of higher rates of interest and minimum risk.
Bajaj Finance fixed deposit provides interest rates that range from 6.93% to
7.85% per annum with an additional 0.25% for senior citizens. With interest rates as high as that of Bajaj Finance, you will be able to maximise your returns and contribute to building your corpus in the long run.
Bajaj Finance fixed deposit offers tenors that begin from a period of 12 months going all the way up to 60 months. On the basis of your financial requirements you can opt for a tenor that caters to your monetary needs.
You can book a Bajaj Finance FD with a deposit amount of ₹15,000. Subsequently, you can open an FD account and save for your financial goals even with smaller spare funds. Furthermore, Bajaj Finance FDs provide Multiple Deposit Facilities that help you book multiple FDs with different tenors to access your funds easily during emergencies.
Renowned credit rating entities such as CRISIL and ICRA have rated Bajaj Finance fixed deposit with a FAAA and a MAAA rating respectively, that suggest highest degree of safety and credit quality making Bajaj Finance FD a reliable and trustworthy savings option.
With a Fixed Deposit Calculator you can estimate your returns and maturity amount before you invest in an FD by entering your preferred tenor and interest rate.
You can avoid the additional effort of renewing your FD manually, but resorting to the auto-renewal feature provided by Bajaj Finance FD .
A Bajaj fixed deposit offers numerous features and benefits that make it a worthwhile savings instrument. Here are a few reasons why you should save in a Bajaj Finance fixed deposit
With interest rates as high as 8.10% you will be able to receive high and assured returns on your investments which will lead to the creation of wealth.
Bajaj Finance fixed deposit offers cumulative as well as non-cumulative FDs that you can choose from, based on your financial aspirations. Depending on how often you require funds, you can opt for a cumulative FD and receive interest payouts at the end of your tenor or opt for a non-cumulative FD and receive payouts on a monthly, quarterly, half-yearly or annual basis.
The high interest rates offered by Bajaj Finance fixed deposits enable the multiplication of your savings, and make them grow manifold. With increased funds, you will be able to strengthen your corpus over a specified period of time.
The Premature Withdrawal offered by Bajaj Finance Fixed Deposit facilitates the liquidity of funds. Having multiple FD accounts gives you the liberty to prematurely close one of your FDs in times of exigencies.
The feature of online payments provided by Bajaj Finance fixed deposit makes it easier for you to book a Bajaj FD online without having to face the hassle of getting out of your homes.
A Bajaj fixed deposit lets you apply for a loan of up to 75% of your deposit amount against your FD and refrain from paying the premature withdrawal charges in times of emergencies.
The minimum amount required to book a Bajaj Finance fixed deposit is ₹15,000. You can invest a maximum amount of up to ₹5 Crores.
The minimum tenor of a Bajaj Finance fixed deposit is 1 year with a lock-in period of 3 months. The maximum tenor of a Bajaj Finance FD is 5 years.
Individuals such as Indian residents, persons of Indian origin and NRIs are eligible to book an FD. Furthermore, non-individuals such as joint stock companies, Hindu Undivided Families (HUFs), partnership firms, registered societies, public and private limited companies and others are also eligible to book a Bajaj FD .
Yes, a Bajaj Finance fixed deposit is a safe investment option since it is accredited by CRISIL and ICRA with a FAAA and MAAA rating that provide assurance of the FD’s credibility and security. Moreover, the interest rates are not affected by market fluctuations which ensures secure returns.
Bajaj Finance fixed deposit is a good investment since it offers numerous features and benefits such as high interest rates, flexible tenors, multiple deposit options, trustworthy credit and safety, FD calculator, auto-renewal facility and more.
Yes, the Bajaj Finance fixed deposit offers a facility that allows you to acquire 75% of your deposit amount as a loan against your FD.
Yes, about 10% to 20% in taxes are deducted from your Bajaj FD returns once your returns exceed the limit of ₹40,000 (₹50,000 for senior citizens).
Depending on the individual or non-individual category under which you would like to book your FD, you can submit identity proofs, address proofs, deed of declaration, memorandum and articles of association and other documents as required.
Yes, a minor can invest in an FD, however, the account has to be owned by an adult. Hence, an adult is required to open an FD account on behalf of a minor.