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.
Our Pursuit, Your Happiness
I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!
My husband and I will finally move into our own house this Diwali. All thanks to Finserv Markets, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!
Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!
The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!
I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!
Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!