Bajaj Finance FD Rates

Bajaj Finance offers fixed deposit accounts for minors, individuals, NRIs and other parties, by giving a way to save their inheritance, or to save for future prospects with high returns. Bajaj Finance FD is accessible for all the above parties and offers an investment plan of an amount of ₹15000 with a predetermined Bajaj Finance rate of interest and a wide range of tenures to choose from.

The Bajaj Finserv FD rates range from 7.15% to 8.60% p.a. for regular investors under 60 years of age. Senior citizens enjoy a higher interest rate of 0.40% p.a. Thereby ranging from 7.39% to 8.85% p.a. for deposits under ₹5 Crore. Bajaj Finance FD offers flexible tenure options and special period FDs of up to 60 months along with various options on interest payout. Additionally, investors can enjoy a simple account opening and renewal process, loan facilities, FD calculators and other benefits. Bajaj Finance also offers Special Tenure FDs as well as a new FD product that offers high returns.

Bajaj Finserv has recently launched a Fixed Deposit product with a special tenure of 42 months. The interest rates offered by this FD tenure ranges from 8.28% to 8.60% p.a for investors under 60 years of age. While the interest rates for senior citizens range from 8.51% to 8.85% p.a.

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Bajaj Finance FD Interest Rate for Regular Citizens

The Bajaj Finance FD interest rate for regular investors under the age of 60 years are:

Bajaj Finance Cumulative FD interest rates for deposits under ₹5 Crore

Bajaj Finance Non-cumulative FD interest rates for deposits under ₹5 Crore

Bajaj Finance Special Period FD Rates

The Bajaj FInserv interest rates for the Special Period FD offered for regular citizens under 60 years of age are:

Special Period FD Rates Cumulative FD Interest Rate under ₹5 Crore

Special Period FD Rates Non-cumulative Interest Rate (under ₹5 Crore)

New Bajaj Finance FD Scheme

Bajaj Finance has newly launched an FD plan with the following tenure and interest rates for deposits under ₹5 Crore

Bajaj Finance Cumulative FD Interest Rate – New Scheme

Bajaj Finance Non-cumulative FD Interest Rate – New Scheme

Bajaj Finserv FD Interest Rate for Senior Citizens

Bajaj Finance deposit rates for senior citizens for regular deposits under ₹5 Crores are given in the tables below:

Bajaj Finance Cumulative FD Interest Rate for Senior Citizens

Bajaj Finance Non-cumulative FD Rate for Senior Citizens

Bajaj Finance Special Period FD Rates for Senior Citizens

The Bajaj Finserv Special FD tenures and interest rates are as follows:

Cumulative FD Interest Rate under ₹5 Crore for Senior Citizens – Special Period FD

Non-cumulative Interest Rate (under ₹5 Crore) for Senior Citizens – Special Period FD

Bajaj Finance New FD Scheme for Senior Citizens

The Bajaj Finserv FD interest rate for the newly launched FD tenure for senior citizens are as follows:

Bajaj Finance Cumulative FD Interest Rates for Senior Citizens – New Scheme

Bajaj Finance Non-cumulative FD Interest Rates for Senior Citizens – New Scheme

Bajaj Finance FD Yield

The tables below shows how much you can get from a Bajaj Finserv FD investment as regular & senior citizens:

Bajaj Finance FD Yield for Regular Citizens

Bajaj Finance FD Yield for Senior Citizens

Online FD Calculator

A Fixed Deposit Calculator is a helpful tool for planning your finances. It helps you estimate your returns based on your FD investment, tenure, and interest rate, helping you make informed decisions to achieve your financial goals.

FD calculator online is an easy and simple tool to use, simply input your investment deposit, interest rate and time period.

Types of Bajaj Finance Fixed Deposit

There are two types of fixed deposits offered by Bajaj Finance, these are:

1. Bajaj Finance Cumulative FD: A cumulative FD is where the interest is added to the principal amount and paid out at maturity.
2. Bajaj Finance Non-cumulative FD: A non-cumulative FD is where the interest is paid out at regular intervals of the investor’s choice, whether monthly, quarterly, half-yearly or yearly.

Bajaj Finance FD Eligibility Criteria

Investing in a Bajaj Finance FD requires you to meet certain eligibility requirements, these are:

• Indian residents
• Non-resident Indians (NRI)
• Senior citizens
• Minors
• Sole Proprietorships
• Partnership Firms
• Hindu Undivided Families (HUF)
• Clubs
• Associations
• Societies
• amily Trusts

Documents to Open Bajaj Finance FD

To start investing in Bajaj Finance FD, you will be required to submit a few important documents, these are:

1. Individuals:
   • PAN card
   • KYC documents: Aadhaar card, Passport, Driving Licence, Voter ID.
2. Public/Private Limited Company
   • Incorporation certificate Registration
   • Memorandum and Articles of Association
   • A resolution from the Board to open an FD account and claim maturity proceeds.
   • Latest electricity and telephone bill.
   • Bank account statement
   • PAN card
   • Cancelled cheque
   • Recent passport size photograph, Form 60, and a valid OVD (Voter’s ID, Passport, Driving Licence)
   • BO declaration and KYC of BO
   • Names of people holding senior manager positions on the company’s letterhead:
     • CEO, MD or Manager
     • Company Secretary
     • Executive/Whole time Director
     • CFO
     • Any other persons approved by the Board as Key Management Personnel
   • Address of registered office and place of business.
3. Partnership Firms
   • Registration Certificate
   • PAN
   • Partnership deed
   • Recent passport size photograph, Form 60, and a valid OVD (Voter’s ID, Passport, Driving Licence)
   • BO declaration and KYC of BO
   • Partners’ names on entity’s letterhead signed by authorised signatories.
   • Address proof of registered office and principal place of business.
4. Hindu Undivided Family (HUF)
   • PAN
   • HUF deed and declaration
   • KYC of Karta
5. Registered Societies
   • Registration Certificate
   • Bye laws/rules
   • Resolution for account opening
   • PAN
   • Latest telephone or electricity bill
   • Bank account statement
   • Authorised signatories KYC

Features & Benefits of Bajaj Finance FD

Bajaj Finance FD offers several features and benefits, these are:

1. High Returns: Enjoy attractive interest rates of up to 8.85% p.a. on your investments, helping you grow your savings effectively.
2. Flexible Tenure: Choose from a range of flexible tenure options of 12 to 60 months.
3. Special Tenures: Get a range of Special tenure FDs of 18, 22, 33, 42 and 44 months to choose from with high interest rates.
4. Assured Returns: Get assured and reliable returns on your investments, as Bajaj Finserv FD has high credit ratings.
5. Regular Interest Payout: Bajaj Finance FD interest can be paid out at regular intervals of monthly, quarterly, half-yearly and yearly depending on your financial goals.
6. Easy Application: You can easily apply for a Bajaj Finance FD from the comfort of your home, through the Bajaj Finserv website. The account opening process is simple and hassle-free.
7. Loan Facility: You can avail of a loan against your FD in case of financial emergencies. You can get up to 75% loan from the deposit if you have a cumulative FD account and 60% loan from the principal amount if you have a non-cumulative FD account.
8. Senior Citizen Benefit: Senior citizens who are above the age of 60, can enjoy a higher interest rate of 0.40% p.a. on their FD investments, ensuring higher returns during retirement.

Steps to Apply for Bajaj Finance FD

Opening an FD account with Bajaj Finance is simple, here is a step-by-step process:

Step 1: Visit the Bajaj Finserv website.

Step 2: Click on ‘Investments’, choose ‘Fixed Deposits’ and then click ‘Open FD’.

Step 3: Enter your mobile phone number and verify with an OTP.

Step 4: Enter your desired investment amount, tenure and interest payout frequency.

Step 5: Enter your PAN and Date of Birth.

Step 6: Complete or confirm your KYC details using your Aadhaar.

Step 7: Read the declaration displayed on your screen carefully before agreeing to the terms and conditions for making better decisions and choosing the right option.

Step 8: Provide your Bank information and pay the deposit amount.

Steps to Renew a Bajaj Finance FD

If you want to renew your existing fixed deposit account, Bajaj Finance offer an easy process that includes only a few steps, these are:

Step 1: Sign in to your account through Bajaj Finserv Customer portal with your registered date of birth, mobile number and verifying using an OTP.

Step 2: Select ‘My Relations” then ‘View All’ and select the existing FD account that you want to renew.

Step 3: Click on ‘Renew Your Fixed deposit’

Step 4: The details of your FD will be available on screen then click ‘Proceed’.

Step 5: You can then choose your renewal options; Principal, Principal + Interest, or Partial Renewal. Then select your preferred payout frequency and tenure.

Step 6: Read the terms and conditions properly before accepting them, then verify the renewed account using an OTP.