Interest for 3 years
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|11 months 30 days - 1 year 1 month 30 days||7.15%||7.4%|
|1 year 2 months - 1 year 2 months 29 days||7.3%||7.55%|
|1 year 3 months - 1 year 8 months 28 days||7.15%||7.4%|
|1 year 8 months 29 days - 1 year 9 months 28 days||7.45%||7.7%|
|1 year 9 months 29 days - 1 year 11 months||7.15%||7.4%|
|1 year 11 months 1 day - 1 year 11 months 30 days||7.5%||7.75%|
|2 years - 2 years 4 months 29 days||7.3%||7.55%|
|2 years 4 months 30 days - 2 years 5 months 29 days||7.4%||7.65%|
|2 years 6 months - 2 years 7 months 28 days||7.3%||7.55%|
|2 years 7 months 29 days - 2 years 8 months 29 days||7.7%||7.95%|
|2 years 8 months 30 days - 2 years 11 months||7.3%||7.55%|
|2 years 11 months 1 day - 3 years 6 months 29 days||7.6%||7.85%|
|3 years 6 months 30 days - 3 years 7 months 28 days||7.85%||8.1%|
|3 years 7 months 29 days - 4 years 11 months 29 days||7.6%||7.85%|
Note: All interest rates shown above are as on 1st Jan 1970
Bajaj Finance Limited incorporated on March 25, 1987. It has a balance sheet size of Rs. 2,69,460 Cr as on 31st March 2021. It recorded a profit of Rs 7,367 cr in FY21
7.15% - 7.85%
7.4% - 8.1%
FD Rate for Seniors
₹ 5 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7.6%||For 5 years with interest of 7.6%|
|₹ 50,000||₹ 62,759||₹ 73,027|
|₹ 1 lakh||₹ 1,25,518||₹ 1,46,053|
|₹ 2 lakh||₹ 2,51,037||₹ 2,92,107|
|₹ 5 lakh||₹ 6,27,591||₹ 7,30,267|
|₹ 10 lakh||₹ 12,55,183||₹ 14,60,533|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,07,389||₹ 1,07,496|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹7,389||₹ 7,496|
|Bank Name||FD Interest Rates|
|Suryoday Small Finance Bank FD||7.25% - 7.75%|
|Karur Vysya Bank FD||7% - 7.4%|
|Utkal Grameen Bank FD||6.25% - 6.75%|
|Karnataka Bank FD||5.75% - 6.15%|
|State Bank of India FD||6.5% - 7%|
|Bank of India FD||6.5% - 7.25%|
|South Indian Bank FD||6.5% - 7%|
|Tamil Nadu Grama Bank FD||6.9% - 7.4%|
|ESAF Small Finance Bank FD||5.75% - 6.25%|
|Bangiya Gramin Vikash Bank FD||6.25% - 6.75%|
The flexible & tax efficient alternative to FDs.
Bajaj Finance fixed deposits are one of the most popular fixed deposits due to the high rate of interest. Bajaj Finance FD rates for senior citizens is 0.25% higher than regular Fixed Deposit rates. In this article we have covered the features and benefits of Bajaj Finance FD.
Bajaj Finance Limited is a Non Banking Finance Company (NBFC) and is a subsidiary of Bajaj Finserv Limited. Incorporated in 1987, Bajaj Finance Limited is the most diverse non-bank financing company. The company deals in consumer finance, SME finance, commercial lending, rural lending, mortgage lending and also investment products.
On January 31st 2019, the company was assigned a long term issuer credit rating of BBB- and short term issuer credit rating of A-3 by S&P Global Ratings. They are the top consumer lifestyle products, electronics and digital products and personal loans lender in India. Also, Their SME business is growing above the industry average. CRISIL has rated their fixed deposits via FAAA, the highest degree of safety.
The company has its headquarters in Pune. Also, it has 300 consumer branches and 500 rural locations with 33,000+ distribution points. Furthermore, the company has two wholly owned subsidiaries, Bajaj Housing Finance Limited and Bajaj Financial Securities Limited.
The parent company, Bajaj Finserv Limited, is a diversified financial services group with a pan-India presence. The company products include lending services, general insurance, health insurance, life insurance, fixed deposits, mutual funds and life insurance pensions
Interest on Bajaj Finance FDs is paid out to investors based on the scheme’s interest payment frequency.
Senior citizens fixed deposit interest rate is higher for Bajaj Finserv Fixed Deposits. The interest on FDs is taxable, and if the interest income exceeds INR 5,000, then it attracts TDS However, if form 15G or 15H is submitted, no TDS will be deducted.
Check out the latest fd interest rates.
Bajaj Finance Fixed Deposit account is one of the best investment options available for investors looking at higher returns than a bank saving account. Bajaj finance fixed deposit scheme offers guaranteed income at a fixed interest rate.
Following are the key features of Bajaj Finance Fixed deposit account:
Bajaj finance senior citizens deposit scheme is for individuals above the age of 60 years. The scheme allows the depositor to earn fixed returns without having to worry about market fluctuations.
Following are the benefits of Bajaj Finance FDs:
One can invest in Bajaj Finance Fixed Deposit through online and offline modes. To invest in Bajaj Finance FD offline, one can visit the nearest branch of Bajaj Finance office and fill the FD form.
To invest in Bajaj Finance FD online, one can visit the Bajaj Finance website or can download their official app and fill the online application. By investing online one can save the time and effort of physically visiting a branch of Bajaj Finance Limited.
However, to invest in Bajaj Finance FD, one has to be eligible. Following is the eligibility criteria:
To invest in Bajaj Finance FD, following are the documents required:
Yes, one can withdraw their FD investment before maturity. There is a lock-in period of 3 months. However, post the lock in period the investor can withdraw their FD investment. However, the investor will receive a lesser interest rate than the original one. Investors can instead take a loan against fixed deposit investment. Bajaj Finance gives a loan against the fixed deposit for 75% of the FD value.
Loans such as loans against property (home loan), business loan, an education loan, etc., can be taken against an FD. The loan interest rate varies based on the bank and type of loan. One can always calculate their loan EMI using the loan EMI calculator. The loan EMI calculator works as a home loan calculator, personal loan EMI calculator and car loan calculator. The investor can also use this EMI calculator in multiple scenarios by changing the car loan interest rate, personal loan interest rate, and home loan interest rate.
What is the highest Bajaj Finance FD rate today?
What is the highest interest rate on Bajaj Finance 1 year FD scheme?
What is Bajaj Finance FD scheme interest rate for 5 years?
How many years FD will double in Bajaj Finance?
What is Bajaj Finance FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in Bajaj Finance?
What are the available FD tenures in Bajaj Finance?
What is Bajaj Finance FD ROI for 10 lakh deposit for 1 year?
The interest from the Bajaj Finance FD calculator for 10 lakh deposit for 1 year will be INR 73,890. The maturity value will be INR 10,73,890. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in Bajaj Finance?
How many FDs can be opened in Bajaj Finance?