Bajaj Finance FD Interest Rates

Maximise your savings with Bajaj Finance Fixed Deposits, which offer high interest rates and flexible tenures from 12 to 60 months. Bajaj Finance FDs provide a secure investment option with high credit ratings of AAA/Stable from credit agencies like CRISIL and ICRA. Ideal for both long and short-term investments, these fixed deposits offer stability and growth. Start your investment journey with a quick and easy online application process and enjoy guaranteed returns.

Below are the regular interest rates offered by Bajaj Finance for both regular and senior citizens:

Note: The interest rates mentioned above are subject to change at Bajaj Finance’s discretion. Check the NBFC’s official website for the latest rates before investing.

Here are the interest rates offered by Bajaj Finance Digital FDs for regular and senior citizens:

Below are the cumulative interest rates for a Bajaj Finance NRI FD for both regular and senior citizens:

Here is an example that showcases the returns on a 3 and 5-year investment at an interest rate of 8.65% p.a. Here’s what you can expect to receive upon the maturity of your fixed deposit:

Before you begin investing, it is important to understand all the charges involved:

1. Premature Withdrawal

In case of unforeseen expenses, Bajaj Finance allows you to withdraw funds from your fixed deposit prematurely. However, there are certain conditions to keep in mind:

• If you withdraw between 3 and 6 months from the date of deposit, you will only receive the principal amount  

• If you opt to liquidate after 6 months, the interest payable is 2% p.a. lower than the interest rate offered to the general public

• If no specific interest rate has been mentioned, the interest rate payable is 3% lower than the minimum interest rate offered to the general public

2. Tax Deducted at Source (TDS)

Any interest you earn from a fixed deposit is fully taxable and will be taxed according to the income tax slab you fall under. It is important to account for this deduction because it can reduce the overall returns at the time of maturity of your fixed deposit. Therefore, it is crucial to plan your finances accordingly. The exemption limit for fixed deposit interest earned is ₹40,000 for general citizens and ₹50,000 for senior citizens. If your total taxable income is below the threshold limit of ₹2.5 Lakhs, you are exempt from paying TDS. You can declare this by submitting Form 15G if you are below 60 years old and Form 15H if you are above 60 years old.

You can begin your investment journey on Bajaj Markets by following this simple application process:

1. Fill out the ‘Invest Now’ form with your mobile number, date of birth, and pin code

2. Enter the OTP sent to your mobile number to begin the setup process

3. At this stage, you can compare the FD interest rates offered by partnered banks and NBFCs

4. Select Bajaj Finance FD from the list, choose a tenure that suits your needs, and an interest payout frequency that matches your financial goals

5. Enter your name and PAN card details

6. Upload the required documents, such as your PAN card, Aadhaar card, and a recent passport-sized photograph for verification

7. Validate and update the details you have entered, such as your address, marital status, and email address

8. Enter your banking details, including your bank’s name, IFSC code, and bank account number

9. Add the details of the nominee for your FD in case of any unfortunate events

10. Proceed to make the payment online through your preferred payment gateway

11. Once you have completed these steps, your FD will be booked, and you will start earning interest on your investment