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We advise you to check the latest FD interest rates before opening an FD.
Open FD
Bajaj Finance offers attractive FD rate up to 8.60% p.a. for senior citizens and up to 8.35% p.a. for customers below 60 years of age. With an end-to-end online process, now earn profitable returns, and enjoy the benefits of flexible payout. Start investing with just Rs. 15,000 and earn higher returns for a tenure of 12 to 60 months. Bajaj Finance FD is the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE rated fixed deposit offeringhighest FD rates and the security that the investor’s money is entirely safe and remains unaffected by market conditions.
FD rates for customers below the age of 60
Fixed Deposit annualised rate of interest for customers below the age of 60 is valid for deposit up to Rs. 5 crore (w.e.f 10 May, 2023)
*special interest rates are offered on tenure of 15, 18, 22, 30, 33, and 44 months
Customers below the age of 60 – Special Period
| Tenure in | months At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
|---|---|---|---|---|---|
| 15* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
| 18* | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| 22* | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
| 30* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% |
| 33* | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 44* | 8.35% | 8.05% | 8.10% | 8.18% | 8.35% |
Customers below the age of 60 – Regular Period
| Tenure in | months At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
|---|---|---|---|---|---|
| 12 - 14 | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
| >15-23 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
| 24 | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% |
| 25-35 | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% |
| 36 - 60 | 8.05% | 7.77% | 7.82% | 7.89% | 8.05% |
FD rates for customers above the age of 60
Fixed Deposit annualised rate of interest for senior citizens valid for deposit up to Rs. 5 crore (w.e.f 10 May, 2023)
*special interest rates are offered on tenure of 15, 18, 22, 30, 33, and 44 months
Senior Citizen – Special Period
| Tenure in | months At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
|---|---|---|---|---|---|
| 15* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
| 18* | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 22* | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 30* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% |
| 33* | 8.00% | 7.72% | 7.77% | 7.85% | 8.00% |
| 44* | 8.60% | 8.28% | 8.34% | 8.42% | 8.60% |
Senior Citizen – Regular Period
| Tenure in | months At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
|---|---|---|---|---|---|
| 12 - 14 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| >15-23 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% |
| 24 | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% |
| 25 - 35 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 36 - 60 | 8.30% | 8.00% | 8.05% | 8.13% | 8.30% |
Fixed Deposit yield table
The term "yield" describes the profits produced and realised on an investment over a specific time frame. It is shown as a percentage based on the amount invested, the security's current market value, or its face value. The interest earned by customers on the investment is also included in the yield.
Maturity = Principal[(1+interest rate /interest frequency)^(frequency x no of years)]
Yield = [(Maturity-principal)/principal]/no of years]
Yield table for customers below 60 years of age
On an investment of Rs. 15,000, the yield for different tenures is mentioned below:
| Period (in months) | Minimum amount (Rs.) | FD rates w.e.f 10 May, 2023 (p.a.) | Yield w.e.f 10 May, 2023 (p.a.) | Payable amount (Rs.) | |
|---|---|---|---|---|
| 12 | 15,000 | 7.40% | 7.40% | 16,110 |
| 15 | 15,000 | 7.45% | 7.52% | 16,410 |
| 18 | 15,000 | 7.40% | 7.54% | 16,695 |
| 22 | 15,000 | 7.50% | 7.73% | 17,127 |
| 24 | 15,000 | 7.55% | 7.84% | 17,351 |
| 25 | 15,000 | 7.35% | 7.64% | 17,389 |
| 30 | 15,000 | 7.45% | 7.87% | 17,952 |
| 33 | 15,000 | 7.75% | 8.29% | 18,418 |
| 36 | 15,000 | 8.05% | 8.72% | 18,922 |
| 44 | 15,000 | 8.35% | 9.32% | 20,128 |
| 60 | 15,000 | 8.05% | 9.45% | 22,091 |
Yield table for senior citizens (customers above 60 years of age)
| Period (in months) | Minimum amount (Rs.) | FD rates w.e.f 10 May, 2023 (p.a.) | Yield w.e.f 10 May, 2023 (p.a.) | Payable amount (Rs.) | |
|---|---|---|---|---|
| 12 | 15,000 | 7.65% | 7.65% | 16,148 |
| 15 | 15,000 | 7.70% | 7.77% | 16,457 |
| 18 | 15,000 | 7.65% | 7.79% | 16,754 |
| 22 | 15,000 | 7.75% | 8.00% | 17,200 |
| 24 | 15,000 | 7.80% | 8.10% | 17,431 |
| 25 | 15,000 | 7.60% | 7.91% | 17,473 |
| 30 | 15,000 | 7.70% | 8.15% | 18,056 |
| 33 | 15,000 | 8.00% | 8.57% | 18,536 |
| 36 | 15,000 | 8.30% | 9.01% | 19,054 |
| 44 | 15,000 | 8.60% | 9.63% | 20,299 |
| 60 | 15,000 | 8.30% | 9.80% | 22,348 |
How to invest in a fixed deposit?
A step-by-step guide to invest in a fixed deposit
1. Click on ‘Open FD' at the top of this page to open our online application form.
2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
3. Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN card and date of birth.
4. Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar.
5. Adeclaration will be displayed. Please read it carefully and agree tothe terms and conditions. Enter your bank details and proceed topay.
6. Completeyour investment using NetBanking/ UPI or NEFT/ RTGS.
Once your fixed deposit is booked, you will receive the Fixed Deposit Acknowledgement (FDA) on your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be sent to your email ID within 3 working days (subjectto documents being in the correct order).
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Frequently asked questions
Can I get monthly interest on my fixed deposit?
Yes, you can always choose periodic interest payouts and opt for monthly interest on your Fixed Deposit. To calculate the monthly fixed deposit interest amount, you can use FD interest calculator.
Is FD interest earned taxable?
Yes, the fixed deposit interest is fully taxable. The interest you earn is added to your total income and taxed at slab rates applicable to your total income. Your income tax return is shown under 'Income from Other Sources’. In addition to income tax, banks and companies also deduct TDS from your interest income. You can also check yourTDS on FD interest.
What is the interest rate applicable for fixed deposits?
When investing in a fixed deposit for a specific tenure, you gain returns on your deposit based on the latest fixed deposit rates offered by your FD issuer. The current fixed deposit rates are low, but you can get the dual benefit of safety and high returns with a Bajaj Finance Fixed Deposit with the latest FD.
Bajaj Finance Fixed Deposit offers the highest FD rates on investment for a tenure of 44 months.
How to choose the best FD scheme with high fixed deposit rates?
Choosing the right scheme forthe best fixed deposit rates is essential, based on your requirement. You have the option to get your interest at the end of your maturity period or opt for periodic payout options. If you'd like to tend to your regular expenses, you can choose the option of periodic payouts, but if you'd like a lump sum amount at the end of your tenure, you can choose to get your fixed deposit interest at the end of your tenure.
Some investors also consider the current FD rates when planning to invest. While this may be a great way to grow your savings, it is also essential to make sure your NBFC FD has the highest safety ratings so that your principal amount is not at risk.
How much interest will I get in 5 years?
With Bajaj Finance you can invest for a tenure of 12-60 months. The highest FD rates are offered for a tenure of 44 months, which is up to 8.60% p.a. for senior citizens andup to 8.35% p.a. for customers below 60 years of age.
You can use the FD calculator to know the FD interest earned on your investment.
Which is the best interest rates on FD for senior citizens?
Bajaj Finance offers one of the best FD rates for senior citizens.The fixed deposit interest rates can go up to 8.60% p.a. for a tenure of 44 months.
What is FD rate now?
Fixed deposit rates canchange with time depending on various factors such as market conditions, inflation, the RBI's monetary policy, and more. Financial institutions may increase or decrease their FD rates to attract or retain customers, adjust to market conditions, or manage their liquidity position. The duration of the FD may also affect the interest rate, with longer-term deposits typically offering higher rates.
Check the latest FD rates of Bajaj Financew.e.f 10 May, 2023.
What are the Fixed Deposit Interest Rates in 2023?
The fixed deposit rates can vary for different banks and NBFCs. The interest rate for Bajaj Finance Fixed Deposit ranges from 7.11% p.a. to 8.35% p.a. for customers below 60 years of age. TheFD rate of interest for senior citizens ranges from 7.35% p.a. to 8.60% p.a.
What is the current FD rate of Bajaj Finance?
With effect from 10th May 2021, thehighest interest rate on FD offered by Bajaj Finance are up to 8.60% p.a. for senior citizens and up to 8.35% p.a. for customers below 60 years of age.
Does Bajaj Finance offer any FDs for senior citizens?
Yes, Bajaj Finance offers senior citizen FD which has an extra up to 0.25% p.a. interest payout than the regular rates. These FDs come with flexible payouts and special tenures to facilitate regular income for the elderly and to get the best return on their investments. The highest rate for Bajaj Finance senior citizen FD is up to 8.60% p.a. for a special tenure of 44 months.
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- 01:28 Credit Rating on Fixed Deposit
- 01:31 Investing Money? Top factors to consider before you invest
- 00:59 Reasons to invest in Fixed Deposit
- 01:20 Long term vs Short term Fixed Deposit
Disclaimer
As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisem*nt in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or referhttps://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.
For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.
© Bajaj Finserv 2007-2023. All rights reserved.
As a seasoned financial expert with an in-depth understanding of investment products, particularly fixed deposits, I can provide valuable insights into the information presented in the article. My expertise is grounded in a comprehensive understanding of financial markets, investment instruments, and the factors influencing interest rates.
Firstly, the article discusses Bajaj Finance's fixed deposit offerings, emphasizing the competitive interest rates provided for different customer segments. The Fixed Deposit (FD) rates are prominently featured, with a specific focus on rates for customers below 60 years of age and senior citizens. Bajaj Finance is highly rated by credit rating agencies ICRA and CRISIL, indicating a strong financial position and reliability.
The FD rates are structured based on two categories: Special Period and Regular Period. The rates vary depending on the tenure chosen by the investor, with special interest rates for specific durations. The annualized rate of interest is compounded and paid out at different frequencies, including monthly, quarterly, half-yearly, and annually.
For customers below 60 years of age, the rates range from 7.35% to 8.35% for Regular Period and Special Period, respectively. For senior citizens, the rates are higher, ranging from 7.60% to 8.60%.
The article also includes a Fixed Deposit yield table, illustrating the profits generated over time based on different investment amounts and tenures. Additionally, a formula for calculating yield is provided, incorporating the principal, interest rate, and investment duration.
Furthermore, the article offers practical information on how to invest in a fixed deposit with Bajaj Finance. It outlines a step-by-step guide for the online application process, emphasizing the simplicity and convenience of the platform.
The Frequently Asked Questions (FAQs) section addresses common queries, such as monthly interest payouts, tax implications on FD interest, choosing the best FD scheme, and using the FD calculator.
The article concludes with a disclaimer, highlighting Bajaj Finance's deposit-taking activities, regulatory compliance, and creditworthiness. The disclaimer assures potential investors about the company's valid Certificate of Registration issued by the Reserve Bank of India.
In summary, the article serves as a comprehensive guide for potential fixed deposit investors, providing information on interest rates, investment procedures, calculations, and addressing common queries and concerns.
