The Bajaj Finance FD offers attractive interest rates, flexible tenors, and various investment options to suit the needs of different investors. These FDs are available for non-senior citizens and senior citizens. 

 

With a maximum tenor of 5 years, you can book a Bajaj Finance FD online with just ₹15,000 and earn competitive returns. Furthermore, you could get attractive interest rates up to 8.35% p.a., with senior citizens enjoying up to 0.25% over the regular rates.  

Bajaj Finance Cumulative FD Interest Rates

Tenor (In Months)

Non-senior Citizens (p.a.)

Senior Citizens (p.a.)

12 – 14

7.40%

7.65%

15

7.45%

7.70%

>15-23

7.50%

7.75%

18

7.40%

7.65%

24

7.55%

7.80%

25-35

7.35%

7.60%

36 – 43

8.05%

8.30%

44

8.35%

8.60%

45-60

8.05%

8.30%

Disclaimer: Valid for deposits up to ₹5 Crores (w.e.f. 2nd January 2024).

Bajaj Finance Non-cumulative FD Interest Rates

Tenor (months)

Monthly (% p.a.)

 

Quarterly (% p.a.)

 

Half Yearly (% p.a.)

 

Annual (% p.a.)

 
 

Non-senior Citizens

Senior Citizens

Non-senior Citizens

Senior Citizens

Non-senior Citizens

Senior Citizens

Non-senior Citizens

Senior Citizens

12 - 14

7.16

7.39

7.20

7.44

7.27

7.51

7.40

7.65

15

7.21

7.44

7.25

7.49

7.32

7.56

7.45

7.70

16-17

7.25

7.49

7.30

7.53

7.36

7.61

7.50

7.75

18

7.16

7.39

7.20

7.44

7.27

7.51

7.40

7.65

19-21

7.25

7.49

7.30

7.53

7.36

7.61

7.50

7.75

22

7.25

7.49

7.30

7.53

7.36

7.61

7.50

7.75

23

7.25

7.49

7.30

7.53

7.36

7.61

7.50

7.75

24

7.30

7.53

7.35

7.58

7.41

7.65

7.55

7.8

25-29

7.11

7.35

7.16

7.39

7.22

7.46

7.35

7.6

30

7.21

7.44

7.25

7.49

7.32

7.56

7.45

7.7

31-32

7.11

7.35

7.16

7.39

7.22

7.46

7.35

7.6

33

7.49

7.72

7.53

7.77

7.61

7.85

7.75

80

34-35

7.11

7.35

7.16

7.39

7.22

7.46

7.35

7.6

36-43

7.77

8.00

7.82

8.05

7.89

8.13

8.05

8.3

44

8.05

8.28

8.10

8.34

8.18

8.42

8.35

8.6

45-60

7.77

8.00

7.82

8.05

7.89

8.13

8.05

8.3

Disclaimer: The above-mentioned interest rates are valid as of 2nd January 2024, and are subject to change at the discretion of the issuer. 

Bajaj Finance FD Returns Based on Different Tenors

The following table summarises the returns you can earn from a Bajaj Finance Fixed Deposit (FD) for various tenors, with an assumed investment amount of ₹5 Lakhs.

 

The table below shows the Bajaj Finance FD interest rates of Non-Senior Citizens:

Tenor (in months)

Interest Rates (p.a.)

Cumulative Interest Earnings

12 

7.40%

₹37,000

24

7.55%

₹78,350

36

8.05%

₹1,30,731

48

8.05%

₹1,81,505

60

8.05%

₹2,36,366

The table below shows the Bajaj Finance FD interest rates for senior citizens:

Tenor (in months)

Interest Rates (p.a.)

Cumulative Interest Earnings

12

7.65%

₹38,250

24

7.80%

₹81,042

36

8.30%

₹1,35,119

48

8.30%

₹1,87,834

60

8.30%

₹2,44,935

Bajaj Finance FD vs Other Banks

By comparing the FD interest rates in Bajaj Finance with banks, you can make an informed decision and optimize your returns. 

 

Below are the interest rates on fixed deposits from a few leading banks.

Bank

Non-senior Citizens (p.a.)

Senior Citizens (p.a.)

State Bank of India

              Up to 7.00%

      Up to 7.60%

Kotak Mahindra Bank

              Up to 7.20%

      Up to 7.70%

ICICI Bank

              Up to 7.25%

      Up to 7.25%

Canara Bank

              Up to 7.25%

      Up to 7.75%

Axis Bank

              Up to 7.10%

      Up to 8.01%

Bank of Baroda

            Up to 7.05%

      Up to 7.55%

YES Bank

            Up to 7.00%

        Up to 7.75%

Punjab National Bank

          Up to 7.25%

      Up to 8.05%

Union Bank of India

          Up to 7.25%

      Up to 7.75%

HDFC Bank

          Up to 7.10%

      Up to 7.75%

Disclaimer: The above-listed interest rates are subject to change at the banks’ discretion. 

Bajaj Finance FD Interest Rates for NRIs

Here are the Bajaj Finance Cumulative FD interest rates for Non-Resident Indians or NRIs.

Tenor (in months)

Non-senior Citizens (p.a.)

Senior Citizens (p.a.)

12-14

7.40%

7.65%

>15-23

7.50%

7.75%

24

7.55%

7.80%

25-35

7.35%

7.60%

36

8.05%

8.30%

Types of Bajaj Finance FD Schemes

Bajaj Finance offers two types of fixed deposits, cumulative and non-cumulative:

  • Cumulative FD

Cumulative FDs are suitable if you want to earn higher interest rates and seek a lump sum payout upon maturity. With cumulative FDs, the interest on the principal amount is compounded and added along with the principal amount.

  • Non-Cumulative FD

Non-cumulative FDs, on the other hand, offer the flexibility of receiving periodic interest payouts, which can be monthly, quarterly, half-yearly, or annual, as per your requirement. These are ideal when you are looking for regular income options.

Features of the Bajaj Finance FD

Flexible Tenors

You can choose a tenor of up to 60 months with an online Bajaj Finance FD

Easy to Start

You can book a Bajaj Finance FD with a minimum deposit of ₹15,000 

Auto-Renewal

You can enable the auto-renewal feature for your FD to avoid the hassle of manual renewals 

Eligibility Criteria

To open a fixed deposit with Bajaj Finance, you need to fulfil the following eligibility criteria:

  • You must be 18 years old to invest in a Bajaj Finance FD

  • You need to be an Indian citizen 

  • Submit valid identity proof (Aadhaar card, PAN card, Voter ID card, or passport) and address proof (utility bills, rental agreements, or bank statements)

  • Invest a minimum of ₹15,000 to book an FD 


With the above eligibility criteria, the following entities can invest in an FD:

  • Indian Resident

  • Sole Proprietors

  • Partnership Firms

  • Societies, family trusts, and clubs

  • HUFs

  • NRIs

 

The attractive Bajaj Finance Fixed Deposit interest rates make it a great investment option to grow your wealth. Select the right tenor and take advantage to earn better returns. 

 

Furthermore, you can invest in Bajaj Finance Fixed Deposit in just a few simple steps and secure your financial growth, online.

How to Invest in Bajaj Finance FD through Bajaj Markets

Follow these quick steps to proceed:

  1. Click on ‘Invest Now’

  2. Enter your mobile number, date of birth, and the verification code (OTP) sent to your number

  3. Compare the attractive interest rates offered by various banks/ NBFCs

  4. Select the partner, tenor, and interest payout frequency that best suits your needs

  5. Upload your PAN card, Aadhaar card, and a selfie for quick processing

  6. Double-check and update your details like your address, marital status, and email address

  7. Securely enter your bank details including your bank name, IFSC code, and account number

  8. Add your nominee details 

  9. Make your online payment and start earning on your investment

Disclaimer

“The information provided by BFDL herein above is related to the Group Company 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. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. in the content mentioned hereinabove, as well as offers by the Group Companies. 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.”

Frequently Asked Questions

What are the documents required to open a Bajaj Finance FD account?

To open an FD account with Bajaj Finance, you will need to provide a copy of your identity proof and address proof . Additionally, you may need to provide a passport-size photograph and a cancelled cheque or bank statement.

Is premature withdrawal allowed on Bajaj Finance FD?

Yes, Bajaj Finance allows premature withdrawal of FDs, subject to certain terms and conditions. However, premature withdrawal may attract a penalty, and the interest paid may be lower than the original interest rate.

What payment modes are accepted to open a Bajaj Finance FD account?

You can pay to open a Bajaj Finance FD account through various modes, such as net banking, cheque, UPI, or NEFT/RTGS transfer. You can choose the mode that is most convenient for you.

Is the interest earned on Bajaj Finance FD tax-free?

No, the interest earned on Bajaj Finance FD is not tax-free. The interest earned is subject to taxation as per the Income Tax Act, 1961. However, senior citizens can enjoy a higher tax exemption limit on the interest earned on their fixed deposits.

What is the minimum tenor and deposit amount required to open a Bajaj Finance FD?

With a minimum tenor of 12 months, you can book a Bajaj Finance FD online with just ₹15,000.

Does Bajaj Finance offer any special FD rates?

The senior citizens can get an additional rate of up to 0.25%, meaning, you can get up to 8.60% p.a. Bajaj Finance also offers FDs for special tenors that go up to 44 months at 8.85% p.a. for senior citizens.

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