COMPANY BACKGROUND

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 0.35% 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 (w.e.f. 1st Feb'18)

Tenor in months Cumulative
Non-cumulative
Monthly Quarterly Half yearly Annual
12 - 23 7.60%
7.35% 7.39% 7.46% 7.60%
24 - 35 7.80%
7.53% 7.58% 7.65% 7.80%
36 - 60 7.85%
7.58% 7.63% 7.70% 7.85%
Min Amt
25,000/-
 

1. Special Category Benefit : Existing Bajaj FD customers will get additional 0.25% (0.35% for Senior Citizens)

2. Renewal Benefit : On Renewal of Bajaj FD, customers will get additional 0.25% (including Senior Citizens)

 
Customer Category Special Category Benefit (A) Renewal Benefit (B) Total Benefit (A+B)
Senior Citizens 0.35% 0.25 0.60%
Existing Customer (live/closed) 0.25% 0.25 0.50%
There shall be a gap of two months between the first and second deposit to avail the special category benefit of 0.25%.
Any one of the above Special Category Benefit (0.35% or 0.25%) will be applicable

 

SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
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