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Fixed Deposit: Features and Benefits

Bajaj Finance Fixed Deposit comes with FAAA/Stable Rating by CRISIL and MAAA (Stable) Rating by ICRA, offering the highest security for your investment. Moreover, you can choose a tenor of any number of months from 12 to 60 based on your needs.

Here are some of major benefits of fixed deposit:

- An additional 0.25% rate of interest for senior citizens
- Presence across more than 200 locations in India
- Flexible tenor option
- No TDS on interest payment up to Rs. 5,000 p.a.

Bajaj finserv offers flexible Fixed Deposit: Cumulative or Non-Cumulative.

A cumulative fixed deposit scheme is defined as one where the interest rate is payable at the time of maturity. On the other hand, non-cumulative fixed deposits offer monthly, quarterly, half-yearly, or annual interest payments on the amount invested.

Interest rates based on tenor

Rate of interest per annum valid up to Rs.5 Crore (New ROI effective from 6th Feb'17)
Tenor in months Cumulative Non-cumulative
Monthly Quarterly Half yearly Annual
12-23 7.80% 7.53% 7.58% 7.65% 7.80%
24-35 8.00% 7.72% 7.77% 7.85% 8.00%
36-60 8.05% 7.77% 7.82% 7.89% 8.05%
Min Amt 25,000/-
- Senior citizens (more than 60 years and subject to provision of age proof) eligible for 0.25% p.a. additional interest for deposit size up to Rs.1 Crore.
- Bajaj group employees (Bajaj Auto Ltd., Bajaj Finserv Ltd., Bajaj Holdings & Investment Ltd., Bajaj Electricals Ltd., Bajaj Allianz Life Insurance Company Ltd, Bajaj Allianz General Insurance Company Ltd., Maharashtra Scooters Ltd., and Mukand Ltd.) and Bajaj Finance Limited existing loan customers and FD renewal customers are eligible for 0.10% p.a. additional interest for deposit size up to Rs.1 Crore.
- Only one of the above special category benefits is allowed per transaction.
- Rate of interest for bulk deposits of more than Rs.5 Crore may vary from the published card rate and to be decided on a case to case basis by Bajaj Finance Limited.
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