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Bajaj Finance FD Rates

5.75%
1 Year
6.40%
2 Years
7.00%
3 Years
7.00%
5 Years
Overview of Bajaj Finance FDs
5.75% - 7.00%
Interest rates
1 year - 5 years
Time Period
₹15,000 - no limit
Min. - Max amount
ANNUALLY
Compounding

About Bajaj Finance

Bajaj Finance Limited is an Indian NBFC, (non-banking financial company) and focuses on consumer finance, SME (small and medium-sized enterprises), commercial lending, and also wealth management space.

Bajaj Finance offers its customers multiple fixed deposit options with attractive interest rates. Customers can deposit the deposit amount once at the time of opening with the bank. Bajaj Finance FD rates have been rated AAA by CRISIL and ICRA. Fixed Deposit is one of the safest investment options in India as it enables the depositor to take control of the investments with great flexibility and offers guaranteed returns.

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Started On2006
Head QuartersPune, Maharashtra
CRISIL RatingFAAA/Stable
CEONA
Listed on exchange asBajaj Finance
ICRA RatingMAAA (Stable)

Bajaj Finance FD Rates 2022

TenureRegular customersSenior citizens

Features and Benefits of Bajaj Finance FD

  • Bajaj Finance Ltd. is one of the largest NBFCs in India and Credit rating for FD program is FAAA/Stable by CRISIL & MAAA (Stable) by ICRA
  • One can choose a tenure between 12 months and 60 months as per the financial needs
  • Attractive interest rates up to 6.50% to easily multiply your savings
  • The minimum deposit needed to open a fixed deposit account is Rs 25,000
  • Auto-renewal facility is available
  • Multiple deposit facility is provided by Bajaj finance where a depositor can invest in multiple deposits through a single cheque payment
  • Loan facility of up to Rs. 4 lakh against the fixed deposits*

    *loan against FD up to Rs. 4 lac is applicable only for online application. For more than Rs. 4lac of the loan amount, the depositor can apply through offline mode.

Types of Bajaj Finance FD Schemes

Regular Fixed Deposit

  • This is the regular fixed deposit provided by Bajaj Finserv in which the customers can grow their savings with assured returns and higher stability.
  • Rated AAA by CRISIL and ICRA making it the safest deposit scheme with maximum security of the money against any volatility
  • Customers can choose from 12, 18, 24, 36, 48, or 60 months
  • Deposits are available on cumulative and non-cumulative deposits
  • The Lock-in period is of 3 months. If the amount is withdrawn before it matures, i.e. in 3 to 6 months, interest will not be paid on it. If withdrawn anytime after 6 months, 2% lesser than applicable rate payable. 
  • The minimum deposit is Rs. 25,000 for opening an FD account and one can enjoy attractive Bajaj Finance FD interest rates on it

Term wise Bajaj Finance FD Rates

Short-term Deposits

For Bajaj Finance FDs with tenure ranging from 12 to 23 months, the interest rate offered is from 5.51% p.a. to 5.65% p.a.

Medium-term Deposits

Medium-term fixed deposits have their tenures ranging from 24 months to 35 months. The interest offered by the bank on these deposits is around 6.22% p.a. – 6.40% p.a. p.a.

Long-term Deposits

These deposits have their tenure ranging from 36 months to 60 months or 3 years to 5 years and offer an interest rate of 6.60% p.a. to 6.80% p.a.

Bajaj Finance vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in Bajaj Finance FD?

One can invest in Bajaj Finance FD via both online and offline modes. 

1) Offline Mode

One needs to visit the nearest branch of the Bajaj Finance office and fill out the FD form to open an account.

2) Online Mode

Bajaj Finance FD can be opened via online mode as well. One needs to open Bajaj Finance's website or download its official app and fill out the online application. The steps to be followed are-

  • Click on 'Invest Online' to open the online form.
  • Next, enter your phone number, date of birth, and OTP.
  • If you are an existing customer, you will be required to only the details. Else, if you are a new customer, you will have to verify your basic details through KYC, OKYC, or by uploading the documents.
  • Next, choose the deposit amount, interest payout type, tenor, and the required bank details.
  • Lastly, pay the amount through UPI or net banking.

On successful payment, your FD will get booked. You will receive an acknowledgement through SMS or an e-mail within a span of 15 minutes.

Eligibility to Open BFL FD Account

Any resident individuals, as well as NRIs, can avail a standard or non-resident ordinary fixed deposit scheme through Bajaj Finserv FD. HUFs, partnership firms, public and private limited companies, registered societies, statutory society, etc. are eligible to operate a fixed deposit account with Bajaj Finance.

Documents Required to Open BFL FD

For individuals – 

  1. KYC documents for identification and address verification.
  2. PAN details. 
  3. Passport-sized photographs. 

For HUFs – 

  1. KYC documents. 
  2. Single PAN for a stipulated Hindu Undivided Family.
  3. Deed of declaration. 
  4. Bank account statement.

For partnership firms – 

  1. Certificate of registration. 
  2. ID proof of partners. 

For joint-stock companies – 

  1. Certificate of incorporation.
  2. Memorandum of association.
  3. Article of association.
  4. Board authorisation.

Registered societies and statutory boards can submit their PAN information and cumulative agreement for such fixed deposit investment to open a Bajaj Finance FD account.

FAQs

How much amount do you need to open an FD account with Bajaj Finance?

The minimum deposit amount required to open an FD account with Bajaj Finance is Rs. 25,000.

What tenure range does Bajaj finance provide?

The tenure for Bajaj Finance ranges from 365 days to 5 years.

What is the highest interest rate offered by Bajaj Finance?

Bajaj Finance offers a lucrative interest rate of up to 6.80% on Fixed Deposits for general citizens and 7.05% for senior citizens.

Is the interest taxable?

Yes. The interest earned on Bajaj Finance Fixed Deposit is taxable. The income earned from FD is added to your total income and taxed according to the slab rates applicable to your total income.

How good is FD as an investment?

FD is an overall safe and secure investment option especially if you are a risk-averse investor. The returns are guaranteed and are not market-dependent. So, owing to all these factors, fixed deposits can be easily considered a safe and good investment.

High Interest Rates
FDs without Savings Account
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