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Earn interest up to 7.75% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable)

Bajaj Finance FD is one of the most attractive fixed deposit investment options in India. With lucrative FD interest rates that are as high as up to 7.35% for individuals below 60 years of age, you can earn assured returns on your Bajaj Finance fixed deposit. On the other hand, senior citizens can get assured returns of 7.60%. Bajaj Finance offers one of the highest fixed deposit interest rates in India. 

Bajaj Finance Fixed Deposit Interest Rates 2022 for Deposits up to ₹5 Crore

Bajaj Finance FD interest rates are undoubtedly one of the best in India. You can invest up to ₹5 Crore in Bajaj Finance FD with a minimum deposit amount of ₹15,000. Even if your investment goal is for the short term, you can still get the best out of Bajaj Finance FD. A detailed explanation of Bajaj Finance fixed deposit interest rates can be seen in the tables below.

Fixed Deposit Annualized rate of interest for non-senior citizens Valid for deposits up to Rs.5 crore(w. e. f. 1st July, 2022)

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

12 – 23 months

15,000

6.2%

6.03%

6.06%

6.11%

6.2%

24 – 35 months

6.95%

6.74%

6.78%

6.83%

6.95%

36 - 60 months

7.4%

7.16%

7.2%

7.27%

7.4%

Special Tenure FD Rates for Non-Senior Citizens

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

15,000

6.4%

6.22%

6.25%

6.3%

6.4%

18 months

6.5%

6.31%

6.35%

6.4%

6.5%

22 months

6.65%

6.46%

6.49%

6.54%

6.65%

30 months

7.05%

6.83%

6.87%

6.93%

7.05%

33 months

7.15% 6.93% 6.97% 7.03% 7.15%

44 months

7.5%

7.25%

7.3%

7.36%

7.5%

Fixed Deposit Annualized rate of interest for senior citizens Valid for deposits up to Rs.5 crore (w. e. f. 1st July, 2022)

Period

Minimum deposit (in Rs.)

Cumulative At Maturity

(% p.a.)

Non-Cumulative

Monthly

(% p.a.)

Quarterly

(% p.a.)

Half Yearly

(% p.a.)

Annual

(% p.a.)

12 – 23 months

15,000

6.45%

6.27%

6.3%

6.35%

6.45%

24 – 35 months

7.2%

6.97%

7.01%

7.08%

7.2%

36 - 60 months

7.65%

7.39%

7.44%

7.51%

7.65%

Special Tenure FD Rates for Senior Citizens

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

15,000

6.65%

6.46%

6.49%

6.54%

6.65%

18 months

6.75%

6.55%

6.59%

6.64%

6.75%

22 months

6.9%

6.69%

6.73%

6.79%

6.9%

30 months

7.3%

7.07%

7.11%

7.17%

7.3%

33 months

7.4% 7.16% 7.2% 7.27% 7.4%

44 months

7.75%

7.49%

7.53%

7.61%

7.75%

The above interest rates are w.e.f. from June 14, 2022.

Features of Bajaj Finance FD

Bajaj Finance FD has a lot to offer for your investment. Apart from the attractive Bajaj Finance fixed deposit interest rates, here is a look at all other features of Bajaj Finance FD.

Bajaj Finance FD interest rate Ranges from 6.03% p.a. to 7.75% p.a.
Minimum Tenor 1 Year
Maximum Tenor 5 Years
Deposit Amount The minimum amount is ₹15,000
Application Process An easy paperless online process
Online Payment options UPI and Net Banking

Cumulative vs. Non-Cumulative Fixed Deposit Interest Rate 2022

The fixed deposit interest rate for cumulative and non-cumulative is different and also varies according to the tenor of investment. Here is a detailed table of the interest rates for both types of FDs.

 Non-Senior Citizen FD Rates

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

12 – 23 months

15,000

5.85%

5.70%

5.73%

5.77%

5.85%

24 – 35 months

6.60%

6.41%

6.44%

6.49%

6.60%

36 - 60 months

7.20%

6.97%

7.01%

7.08%

7.20%

Non-Senior Citizen FD Rates for Special Tenures

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

15,000

6.05%

5.89%

5.92%

5.96%

6.05%

18 months

6.15%

5.98%

6.01%

6.06%

6.15%

22 months

6.30%

6.13%

6.16%

6.20%

6.30%

30 months

6.70%

6.50%

6.54%

6.59%

6.70%

33 months

6.95% 6.74% 6.78% 6.83% 6.95%

44 months

7.35%

7.11%

7.16%

7.22%

7.35%

FD Interest Rates of Top 7 Banks & Financial Institutions in India

With interest rates as high as 7.75%, Bajaj Finance offers one of the best FD rates in India. Here is a look at FD interest rates of some of the major banks in India.

Financial Institution For Non Senior Citizens (p.a.) For Senior Citizens (p.a.)
Bajaj Finance FD 6.20% to 7.50% 6.45% to 7.75%
HDFC Bank FD 2.50% to 5.50% 3.00% to 6.25%
SBI Bank FD 2.90% to 5.40% 3.40% to 6.20%
Bank of India FD 3.25% to 5.30% 3.75% to 5.80%
BOB Bank FD 2.80% to 5.25% 3.30% to 6.25%
ICICI Bank FD 2.50% to 5.50% 3.00% to 6.30%
Axis Bank FD 2.50% to 5.75% 2.50% to 6.50%
IDBI Bank FD 2.70% to 5.25% 3.20% to 5.75%
LIC Housing Finance FD 5.25% to 5.75% 5.75% to 6.25%
Kotak Bank FD 2.50% to 5.41% 3.00% to 5.93%

 

 

 

Common Queries Asked By FD Investors 

1. Do you pay interest on FDs monthly?

Yes, we do. The choice of having the interest on fixed deposit paid on a periodic basis lies with the investor. You can opt for a monthly pay-out on your Bajaj fixed deposit.

2. Am I liable to pay tax on the interest earned through Fixed Deposits?

Yes, you are, as the interest earned is fully taxable. The interest that you earn when investing in an FD is added to your total income. Based on the tax-slab category, you are liable to pay tax on this total amount. This reflects under the section ‘Income from Other Sources’ in your IT Returns. Additionally, ‘Tax Deducted at Source’ or TDS will be deducted on the interest amount.

3. How do I select the best Fixed Deposit Rates Scheme?

Based on your requirements, you get to choose your FD pay-out. This could be at the end of the maturity period or you could always opt for periodic pay-outs. Should you have regular expenses to take care of, you can opt for periodic pay-outs. However, if you prefer receiving a lumpsum amount, then you should choose to get the interest at the end of the FD tenure. However, do keep in mind that selecting the best Bajaj Finance FD Interest rates in 2021 scheme is important as it affects the interest pay-out.

4. What makes FDs good investment options?

To start off, an FD is best suited for investors who do not like to take much risks and are looking for stable returns. Fixed Deposits offered on Finserv MARKETS allow for flexible investment tenures, competitive interest rates and period pay-outs and are the best when it comes to low-risk investment options that aren’t influenced by market fluctuations.

5. Speaking of tenures, what is the maximum and minimum FD tenures offered on Finserv MARKETS?

We offer investors the freedom of choosing their own FD tenures. The minimum tenure is 12 months while the maximum is 60 months. It is important to note that your Fixed Deposit rates is determined basis the tenure you choose.

Manage all your queries here

✔️Can I get a monthly interest rate on Fixed Deposit?

Yes. You can get a monthly interest rate on your Bajaj Finance Fixed Deposit. Use Bajaj Finance Fixed Deposit Calculator to calculate the amount of interest you would earn on your Fixed Deposit.

✔️Is the interest on FD taxable?

Yes, the Interest income from Bajaj Finance Fixed Deposits is completely taxable. You can find the taxable income amount under the head ‘Income from Other Sources’ in your Income Tax Return. This amount is deducted at the time your interest is credited into your account, and not when the FD matures.

✔️How to choose the best FD rates scheme?

It is important to choose the best FD scheme basis your requirement. You can choose the best FD scheme basis, the lender offering at least 7% rate of interest, the safety rating of your fixed deposit by agencies like CRISIL or ICRA, type of the Fixed Deposit you choose & the length and simplicity of your FD application process.

✔️What Is the minimum & maximum tenure for which one can invest in an FD?

You can invest in a Fixed Deposit for a minimum of 7 days and a maximum of 10 years.

✔️Who can open a Fixed Deposit account with us?

You can start a Fixed Deposit with just Rs. 15,000. To apply, you must meet be a Resident Indian citizen.

✔️What is the tenure I can choose for FDs?

Your fixed deposit schemes could range between 1 year to 5 years.

✔️How to withdraw or renew Fixed Deposits?

As popular investment options, FDs are always subject to renewal and withdrawal. After the completion of your tenor, you can either renew or withdraw your FD. You can renew your FD easily online. If you don’t plan to renew your FD, your maturity amount will be directly credited into your bank account.

✔️Who should invest in Fixed Deposit?

If you are a Resident Indian citizen, you can invest in a FD. They are safe investment avenues that help you grow your savings, without risk to your principal amount. You must invest in Fixed Deposits if you’re looking for: (1) Diversifying your investments (2) Higher returns with stability Flexibility in terms of tenor and pay out (3) Most risk-averse investors invest in FDs for their stability and assured returns. Since your returns are unaffected by market forces, you can look for assured returns.

✔️How to choose the best Fixed Deposit scheme?

Choosing the right FD scheme is very important to get the best returns out of your investment. You must consider the following factors: 1. Rate of interest , 2. Credibility of FD provider, 3. Tenure, 4. Interest pay out frequency, and 5. Penalty rates. You will get one of the highest interest rates and you can choose your tenure and interest pay out frequency.

✔️What are the different types of Fixed Deposits?

They are of two types – Cumulative and Non-Cumulative. In case of Cumulative FDs, the interest is compounded every quarter or annually, and paid at the time of maturity. In a Non-Cumulative FD, interest is paid out periodically, as per the investor’s choice. The regular interest pay outs can help you meet your daily expenses. Though both FDs offer better returns than a savings account, cumulative FDs help you earn higher returns.

✔️What is TDS on an FD?

A TDS refers to the Tax Deducted at Source and as per the Section 194A of the Income Tax Act of 1961, interest that is earned from investing in fixed deposits floated by NBFCs and banks is taxable in case it crosses Rs. 5,000/Rs. 10,000 depending on the type of financial institution. The interest income for a single depositor will be computed after taking all his/her fixed deposits into account. The TDS is calculated by the financial institution and is paid into the requisite Government account depending upon the frequency of interest pay outs to the investor. The TDS certificate is given to the investor on a quarterly basis. In case the investor furnishes Form 15G/15H during the application stage for a fixed deposit, he/she will not have to pay tax on interest income. This can be furnished when the investor’s total income is lower than the taxable limit. Form 15G/H is valid for one financial year.

✔️How to choose best Fixed Deposit Plan?

You have two options before you, namely Cumulative Fixed Deposits or Non-Cumulative Fixed Deposits. In case of Cumulative Fixed Deposits, the interest you earn on the principal amount will be compounded annually. This means that you can grow your wealth steadily and get the entire interest income paid out at the time of maturity along with the principal amount. There are no periodic pay outs of interest income and this scheme can actually multiply your money in a bigger way if you are disciplined enough and do not need regular interest income pay outs. In case of the non-cumulative FD scheme, the interest you earn on your principal amount will be paid out at regular intervals. This can be on a monthly or quarterly basis or even on a semi-annually or yearly basis. Now this scheme is ideal if you need the interest income paid out at periodic intervals. It all depends on your own circumstances and the goals you have from your FD, i.e. earning regular interest income or simply growing wealth for a specific tenure without any regular income needs. Apart from choosing between these two types, you should also select the best fixed deposit plan based on other parameters which are the following: (1) Rates of interest - You should always go for the highest possible rates of interest. (2) Tenure - You should choose flexible tenure as per your convenience. (3) Terms & Conditions - You should always choose a fixed deposit plan where you have convenient interest pay outs and keep in mind extra rates for senior citizens among other aspects. (4) Other features - Go for financial institutions which offer you online access to your fixed deposit account along with easy application and payment procedures.

✔️Will any special rates be applicable for specific category of applicants?

Yes, specific category of applicants will be eligible for special rates as mentioned below: • Senior Citizens (more than 60 years of age, subject to provision of proof of age) – Additional rate of 0.35% p.a. for deposit size up to ₹5 Crore • Bajaj Group Employees – Additional rate of 0.25% p.a. (BHIL, BAL, BFS, BFL, MSL, BAGIC, BALIC, MUKAND and BAJAJ ELECTRICALS) for deposit size up to ₹5 Crore • Only one of the above special category benefit is allowed per transaction • Rate of interest for bulk deposits of more than ₹5 Crore may vary from the published card rate and to be decided on a case to case basis.

✔️What are the benefits of a Fixed Deposit available on Finserv MARKETS?

Now avail of the best in class fixed deposits (AAA rated NBFC) at attractive rates. Finserv Markets is one of the fastest growing NBFCs from one of the most trusted and respected business houses in India offers an all new FD program for Indian residents. (1) Minimum deposit size of Rs.25000. (2) Rated FAAA/Stable by CRISIL and MAAA/Stable by ICRA, which means highest safety of your money (3) Attractive and assured rates of interest for your money to grow periodically. (4) Choose a tenor of any number of months from 12 to 60 carrying different rates of interest to suit everyone’s needs. (5) Branch presence across over 600 locations in India. (6) Access to all loan account details on our Customer Portal – Experia. (7) Flexibility of payment option through electronic or physical modes. (8) Special rates for senior citizens, existing customers and group employees. (9) Our in-house products are available at attractive rates specially to the depositor.