LOANS

INSURANCE

INVESTMENTS

CARDS

eStore

Discover

MY OFFERS

CUSTOMER PORTAL

ABOUT US

CONTACT US

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

Fixed Deposit Interest Rates 2022

Bajaj Finance FD is renowned to provide one of the most attractive fixed deposit interest rates in India. Its FD interest rates are as high as up to 7.35% for individuals below 60 years of age, significantly higher than most banks. Moreover, senior citizens can get an additional 0.25% taking the total FD interest rate to up to 7.60% while earning assured returns on their Bajaj Finance fixed deposit.

Bajaj Finance Fixed Deposit Interest Rates 2022 for Different Tenures - Non-senior Citizens

Here’s a quick look at the Bajaj Finance Fixed Deposit interest rates across different investment tenors, for non-senior citizens.

Tenor (in months)

Interest Rates of FD for non-senior Citizens (p.a.)

12-23

5.85%

24-35

6.6%

36-60

7.2%

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022 for cumulative deposits between Rs. 25,000 to Rs. 5 Cr; and may be subject to change as per company policies.

Bajaj Finance Special Fixed Deposit Interest Rates 2022 for Different Tenures - Non-senior Citizens

As the name suggests, Special FIxed Deposits have a “special” something extra as compared to a Regular Fixed Deposit. The interest rate of a Special FD is higher than that of a Regular FD. However, keep in mind that the tenor in a Special FD is specific, unlike the range in a regular FD.

 

The table below talks about the Special FD interest rates as per tenure and the interest you can earn on a Rs 50 Lakh investment.

Tenor (months)

Interest Rates of FD

Total Cumulative Interest

Maturity Amount

15

6.05%

Rs. 3,77,771

Rs. 53,77,771

18

6.15%

Rs. 4,64,408

Rs. 54,64,408

22

6.30%

Rs. 5,87,785

Rs. 55,87,785

30

6.70%

Rs. 8,52,535

Rs. 58,52,535

33

6.95%

Rs. 9,83,864

Rs. 59,83,864

44

7.35%

Rs. 14,51,849

Rs. 64,51,849

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022, and may be subject to change as per company policies.

Bajaj Finance Fixed Deposit Interest Rates 2022 for Different Tenures - Senior Citizens

As mentioned earlier, Bajaj Finance offers as extra 0.25% on the FD interest rates for senior citizens. The table provided below is how the total interest rate appears for different tenors.

Tenor (in years)

Interest Rates of FD for Senior Citizens (p.a.)

12-23

6.1%

24-35

6.85%

36-60

7.45%

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022 for cumulative deposits between Rs. 25,000 to Rs. 5 Cr; and may be subject to change as per company policies.

Bajaj Finance Special Fixed Deposit Interest Rates 2022 for Different Tenures - Senior Citizens

The Special FD interest rates for Senior Citizens is 0.25% more than that of Non-Senior Citizens. The same investment of 50 Lakh will yield the following when a Special FD is opened by a Senior Citizen at Bajaj Finance:

Tenor (months)

Interest Rates of FD

Total Cummulative Interest

Maturity Amount

15

6.30%

Rs. 3,93,630

Rs. 53,93,630

18

6.40%

Rs. 4,83,732

Rs. 54,83,732

22

6.55%

Rs. 6,11,913

Rs. 56,11,913

30

6.95%

Rs. 8,86,941

Rs. 58,86,941

33

7.20%

Rs. 10,22,480

Rs. 60,22,480

44

7.60%

Rs. 15,07,191

Rs. 65,07,191

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022, and may be subject to change as per company policies.

Bajaj Finance Fixed Deposit Interest Rates 2022 for Different Deposit Amount - Non-senior Citizens

Investment Amount (Rs.)

Interest Rate (p.a) for Non-senior Citizens

Cumulative interest for 3 years

50,000

7.00%

Rs. 11,252

1 Lakh

7.00%

Rs. 22,504

5 Lakh

7.00%

Rs. 1,12,522

10 Lakh

7.00%

Rs. 2,25,043

15 Lakh

7.00%

Rs. 3,37,565

20 Lakh

7.00%

Rs. 4,50,086

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022 for cumulative deposits between Rs. 25,000 to Rs. 5 Cr; and may be subject to change as per company policies.

Bajaj Finance Fixed Deposit Interest Rates 2022 for Different Deposit Amount - Senior Citizens

Investment Amount (Rs.)

Interest Rate (p.a) for Non-senior Citizens

Cumulative interest for 3 years

50,000

7.25%

Rs. 11,682

1 Lakh

7.25%

Rs. 23,365

5 Lakh

7.25%

Rs. 1,16,825

10 Lakh

7.25%

Rs. 2,33,650

15 Lakh

7.25%

Rs. 3,50,475

20 Lakh

7.25%

Rs. 4,67,300

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022 for cumulative deposits between Rs. 25,000 to Rs. 5 Cr; and may be subject to change as per company policies.

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 some other beneficial features of Bajaj Finance FD.

Bajaj Finance FD interest rate

Ranges from 6.03% . to 7.75% 

Minimum Tenor

1 Year

Maximum Tenor

5 Years

Deposit Amount

The minimum amount is Rs. 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. While the cumulative interest rates have been mentioned earlier, here is a table of the interest rates for non-cumulative FDs for non-senior citizens.

Tenor in months

Non-Cumulative

Non-Senior Citizens

Monthly

Quarterly

Half Yearly

Annual

12-23

6.03%

6.06%

6.11%

6.2%

24-35

6.74%

6.78%

6.83%

6.95%

36-60

7.16%

7.2%

7.27%

7.4%

Disclaimer: The aforementioned FD interest rates are valid as of 10-May-2022 for cumulative deposits between Rs. 25,000 to Rs. 5 Cr; and may be subject to change as per company policies.

FD Interest Rates of Top Banks in India

It is a good policy to compare the fixed deposit interest rates among different financial institutions before making an investment. Here’s a look at the interest rates of some of the top Indian banks.

Bank

Interest Rate Range for Non-senior Citizens (p.a)

Interest Rate Range for Senior Citizens (p.a)

Punjab National Bank

2.90% to 5.25%

3.50% to 5.75%

SBI

2.90% to 5.50%

3.40% to 6.30%

HDFC Bank

2.50% to 5.60%

3.00% to 6.35%

Axis Bank

2.50% to 5.75%

2.50% to 6.50%

IDFC Bank

2.50% to 6.00%

3.00% to 6.50%

Bank of India

2.85% to 5.05%

3.35% to 5.55%

Canara Bank

2.90% to 5.50%

2.90% to 6.00%

Disclaimer: The aforementioned Bank FD interest rates are valid as of 01-Mar-2022, and may be subject to change as per bank announcements.

FD Interest Rates of Top NBFCs in India

Now you can take a look at FD interest rates of some of the top NBFC companies.

NBFC

Interest Rate Range for Non-senior Citizens (p.a)

Interest Rate Range for Senior Citizens (p.a)

Bajaj Finance Ltd

5.75% to 7.20%

6.00% to 7.45%

Sundaram Finance

5.50% to 5.80%

6.00% to 6.30%

LIC Housing Finance

5.25% to 6.00%

5.40% to 6.25%

Disclaimer: The aforementioned NBFC FD interest rates are valid as of 10-May-2022, and may be subject to change as per NBFC announcements.

Common Queries Asked By FD Investors

✔️What makes a FD a good investment option?

 An FD is best suited for investors who do not like to take many risks and are looking for stable returns. Fixed Deposits offered on Bajaj 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.

✔️Does Bajaj Finance pay interest on FDs monthly?

 Yes, indeed. 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.

✔️Is there any tax obligation on the interest earned through Fixed Deposits?

 Yes, the interest earned on FDs is taxable, if the accrued interest is above the threshold. Typically, 10% standard TDS will be deducted on the interest amount, however, the actual liability depends on the tax-slab category you fall under.

✔️Does Bajaj Finance FD provide a premature withdrawal facility?

 Yes, you can withdraw your FD amount before the completion of its term. However, it will attract a penalty based on the amount and the originally set tenor.  

✔️What is the maximum and minimum FD tenures offered on Bajaj MARKETS?

 The minimum tenure is 12 months while the maximum is 60 months. It is important to note that your Fixed Deposit rates are determined based on the tenure you choose.