BAJAJ Investment Fixed Deposit

To safeguard against market volatility, if there is one instrument where Indians prefer to park their excess funds, the Fixed deposits. In fact, as per a recent survey, ​​59% of women chose gold and fixed deposits as one of the top personal finance investment options. One of the leading NBFCs in the country, the Bajaj investment fixed deposit offers multiple fixed deposits options with higher benefits for senior citizens. In addition to the best FD rates, the entire fixed deposit application process is quick and seamless. In this article, we will explain their fixed deposit schemes in detail.

Bajaj Finance fixed deposit features

  • The highest Credit rating: FAAA or Stable by CRISIL and MAAA or Stable by ICRA
  • Auto-renewal facility
  • Multiple deposit facility through single cheque payment
  • Resident individuals, NRIs, HUFs, Partnership firms, Registered societies, Public companies, and Private limited companies are all eligible to open a fixed deposit account.
  • One can apply online for loan facilities available up to Rs 4 lakhs. More than Rs 4 lakhs loan amount is available offline.
  • Online and quick application process

Bajaj Finance fixed deposit Rates

1. For customers below the age of 60 years

  • Minimum deposit: Rs15,000
  • Maximum deposit: Rs 5 crore
  • FD rates as of 10th May 2022
S.no Tenure period 12-23 months 24-35 months 36- 60 months
1 Cumulative 5.75%p.a 6.40%p.a 7.00% p.a
2 Non- cumulative      
3 Monthly 5.60%p.a 6.22%p.a 6.79% p.a
4 Quarterly 5.63%p.a 6.25%p.a 6.82% p.a
5 Half-yearly 5.67%p.a 6.30%p.a 6.88% p.a
6 Annually 5.75%p.a 6.40%p.a 7.00%p.a

2. For customers above the age of 60 years(Senior citizens)

  • Minimum deposit: Rs15,000
  • Maximum deposit: Rs 5 crores
  • FD rates as of 10th May 2022
S.no Tenure period 12-23 months 24-35 months 36-60 months
1 Cumulative 6.00% p.a 6.65%p.a 7.25%p.a
2 Non-

cumulative

     
3 Monthly 5.84% p.a 6.46%p.a 7.02% p.a
4 Quarterly 5.87%p.a 6.49%p.a 7.06% p.a
5 Half-yearly 5.91%p.a 6.54%p.a 7.12% p.a
6 Annually 6.00%p.a 6.65%p.a 7.25% p.a

3. Special fixed deposit rates for customers below the age of 60 years- as of 10th May 2022

S.no Tenure period 15 months 18 months 22 months 30 months 33 months 44 months
1 Cumulative 6.00% p.a 6.10% p.a 6.25% p.a 6.50%p.a 6.75% p.a 7.20% p.a
2 Non- Cumulative            
3 Monthly 5.84% p.a 5.94% p.a 6.08% p.a 6.31% p.a 6.55% p.a 6.97% p.a
4 Quarterly 5.87% p.a 5.97% p.a 6.11 % p.a 6.35% p.a 6.59% p.a 7.01% p.a
5 Half-yearly 5.91% p.a 6.01% p.a 6.16% p.a 6.40% p.a 6.64% p.a 7.08% p.a
6 Annually 6.00% p.a 6.10% p.a 6.25% p.a 6.50% p.a 6.75% p.a 7.20% p.a

4. Special fixed deposit rates for customers above the age of 60 years- as of 10th May 2022

S.no Tenure period 15 months 18 months 22 months 30 months 33 months 44 months
1 Cumulative 6.25% p.a 6.35% p.a 6.50% p.a 6.75% p.a 7.00% p.a 7.45% p.a
2 Non- cumulative            
3 Monthly 6.08% p.a 6.17% p.a 6.31% p.a 6.55% p.a 6.79% p.a 7.21% p.a
4 Quarterly 6.11 % p.a 6.20% p.a 6.35% p.a 6.59% p.a 6.82% p.a 7.25% p.a
5 Half-yearly 6.16% p.a 6.25% p.a 6.40% p.a 6.64% p.a 6.88% p.a 7.32% p.a
6 Annually 6.25% p.a 6.35% p.a 6.50% p.a 6.75% p.a 7.00% p.a 7.45% p.a

How can you open a fixed deposit account with Bajaj Finance?

1. Offline mode

  • By visiting the branch nearest to you and filling out the fixed deposit form.

2. Online mode

  • Go to the Bajaj Finance site.
  • Click on “Invest Online”.
  • Enter your mobile number and date of birth and verify the OTP.
  • New customers need to verify their KYC details by uploading the necessary proofs.
  • Choose the deposit amount, tenure and other details.
  • Book your FD through net banking or UPI.
  • Once done, the acknowledgement will be sent to the registered email address and mobile number within 15 minutes.

In a nutshell

This article gives you a detailed overview of the Bajaj fixed deposits. With one of the safest fixed deposits in the country, you can grow your savings with assured returns and stability. With the facility of an online calculator, you can even estimate the interest rates and maturity amount.