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.
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.
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.
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.
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.
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.
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.
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 |
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.
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.
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.
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.
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.
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.
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.
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.
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