Earn interest up to 8.60% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

What is NRI FD?

NRI fixed deposit is a type of fixed deposit account that lets Indians living abroad invest through their Non-Resident Ordinary (NRO) accounts. With this investment option, non-residential Indians can invest their money in the Indian currency of rupees and enjoy higher interest rates applicable on fixed deposits in India as compared to other nations.

NRI FD Interest Rates

Bajaj Finance FD on Bajaj Markets offers one of the best interest rates on NRI fixed deposits. The NRI FD interest rates in Bajaj Finance’s NRI FD start at 7.40% for a cumulative type of FD for non-senior citizen investors for a tenor of 12 to 14 months. The interest rates in Bajaj Finance NRI fixed deposits are as high as 8.60% for a maximum deposit of up to ₹5 Crores and a minimum deposit value of ₹15,000. You can use an online fixed deposit interest calculator to determine the returns that you would receive on your investment amount.

 

Senior citizens get an additional benefit of 0.25% per annum while investing in Bajaj Finance NRI fixed deposit. Another interesting aspect of Bajaj Finance NRI FD interest rates is that a 0.10% per annum over and above the rate of interest or card rate is applicable at the time of renewal of deposit. Here is a look at the Bajaj Finance NRI FD interest rates.

 

Fixed Deposit Annualized rate of interest for non- senior citizens Valid for deposits up to ₹5 Crores (10th May, 2023)

 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 – 14 months

₹15,000

7.40%

7.16%

7.20%

7.27%

7.40%

15 – 23 months

7.50%

7.25%

7.30%

7.36%

7.50%

24 months

7.55%

7.30%

7.35%

7.41%

7.55%

25-35 months

7.35%

7.11%

7.16%

7.22%

7.35%

36 - 60 months

8.05%

7.77%

7.82%

7.89%

8.05%

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

7.45%

7.21%

7.25%

7.32%

7.45%

18 months

7.40%

7.16%

7.20%

7.27%

7.40%

22 months

7.50%

7.25%

7.30%

7.36%

7.50%

30 months

7.45%

7.21%

7.25%

7.32%

7.45%

33 months

7.75%

7.49%

7.53%

7.61%

7.75%

44 months

8.35%

8.05%

8.10%

8.18%

8.35%

Bajaj Finance’s NRI fixed deposit is one of the best investment options available for non-residential Indians. The payment for Bajaj Finance NRI FD is accepted through cheque or RTGS/NEFT from the NRO bank account.

 

nri fd

How to Open an FD on Bajaj Markets

Here is a look at how to invest in a Bajaj Finance FD -

  • Step 1: Navigate to Fixed Deposits on Bajaj Markets

  • Step 2: Click on 'Invest Now'

  • Step 3: Enter the required credentials carefully such as your name, email ID, country of residence, intended deposit amount and other important details

  • Step 4: Cross-check all the details once and submit

  • Step 5: A representative of Bajaj Finance will get in touch with you for further process

Important Benefits of NRI FD

  • An NRI fixed deposit is one of the safe and secure investment options for non-residential Indians

  • The NRI FD interest rates are higher in India than in several other countries

  • You can also avail overdraft and loan against FD option on your NRI fixed deposit

  • The nomination facility is also provided for an NRI FD

  • With such benefits, NRI FD becomes the ideal option to save money earned abroadome tax for NRI fixed deposits.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. 

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 
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FAQs

NRI FD is a fixed deposit investment option for non-residential Indians.

NRIs can easily invest in Bajaj Finance with its NRI FD option. It can be started with an easy and hassle-free online application process.

Yes, you can avoid paying double tax on income earned in the source country and residence country. You will have to claim benefits under the Double Tax Avoidance Agreement (DTAA).

Yes. According to the Securities and Exchange Board of India (SEBI), if an NRI wishes to invest in India, having a PAN card is mandatory. Once you invest in India, the amount becomes taxable and therefore having a PAN is also applicable to an FD investment.

Yes, Tax Deducted at Source or TDS is applicable for NRI fixed deposit. However, there are different rules for income tax for NRI fixed deposits.

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Contact

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Address

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Bajaj Finserv Direct Limited ("Bajaj Markets") offers to its customers, various financial products and services through its digital platform as a registered Corporate Agent with IRDAI, registered Investment Adviser with SEBI, registered Third-Party App Provider (UPI payments), and as DSA or Digital lending platform of its Partners. Further, Bajaj Markets also offers a marketplace e-commerce platform to facilitate transactions between customers and sellers on-boarded on the platform. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522 Corporate Agency (Composite) Registration no.CA0551 (valid till 10-Apr-2024) Investment Adviser, SEBI registration: INA000016083 (Validity - Aug 11, 2021 - Perpetual)
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