With Bajaj Finance Fixed Deposit, you get high security because of FAAA rating from CRISIL and MAAA rating from ICRA. This helps you earn assured returns, which can also be converted into periodic interest payouts, customised as per your needs. Bajaj Finance Fixed Deposit Interest Rates Bajaj Finance offers one of the highest FD rates in india.
- Bajaj Finserv Fixed Deposit Rating
- Bajaj Finserv Fixed Deposit Rates 2020
- Bajaj Finserv Fd
- Bajaj Finance Fixed Deposit Rates
Bajaj Finserv Fixed Deposit Rating
When it comes to choosing investments, you must strike a balance between looking for high interest rates and safety of your investment. Fixed deposits are hence, ideal investment avenues that enable you to multiply your money with high interest rates, while ensuring the safety of your investment.
- Yes, it’s safe to in Bajaj Finserv fixed deposits. There are well known company having offices all over India. They offer long range of services like loans, credit cards, etc. However, take note that if you earn above rs 5000/- as interest on deposits placed with Bajaj Finserv, then TDS will be deducted. This limit is rs 10000/- in banks.
- The Bajaj Fixed Deposit calculator calculates the returns on your Fixed Deposit. The same is determined by factoring in your interest rates and frequency of the interest pay-outs. Thereafter, these interest rates are compounded over a period. What is the difference between Bajaj Finance cumulative and non-cumulative pay-out options?
Fixed Deposit Interest Rates (w.e.f 05 March 2020):
Bajaj Finance, one of the leading NBFCs in the country, offers one of the best returns on FD, surpassing most fixed-income investments. Whether you are a risk-averse investor or ready for high returns, investing in Bajaj Finance FD can help you build a series of high-yielding investment plan for your future. The table below lists FD interest rates offered by Bajaj Finance:
Annual Interest rate valid for deposits up to Rs. 5 crore - | ||||||
|---|---|---|---|---|---|---|
| Tenor in Months | Minimum deposit (in Rs.) | Cumulative | Non-Cumulative | |||
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 25,000 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 24 – 35 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% | |
| 36 – 47 | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% | |
| 48 – 60 | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% | |
Rate benefits basis customer category (w.e.f 05 March 2020):
+ 0.25% for senior citizens
+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
Renewal:
+0.10% over and above the rate of interest at which the deposit is booked
If you’d like to plan your finances and future cash flow in a strategic manner, you can use the online FD calculator. It lets you calculate your exact returns by entering investment amount, tenor, and frequency of interest payout.
Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 01 Feb. 2021) | ||||||
|---|---|---|---|---|---|---|
| Tenor in Months | Minimum deposit (in Rs.) | Cumulative | Non-Cumulative | |||
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 25,000 | 6.15% | 5.98% | 6.01% | 6.06% | 6.15% |
| 24 – 35 | 6.60% | 6.41% | 6.44% | 6.49% | 6.60% | |
| 36 - 60 | 7.00% | 6.79% | 6.82% | 6.88% | 7.00% | |
Bajaj Finserv Fixed Deposit Rates 2020
Rate benefits basis customer category (w.e.f 01 Feb. 2021):
Bajaj Finserv Fd
+ 0.25% for senior citizens + 0.10% for customers opening FD through online mode.
Note: Senior citizens investing in a Bajaj Finance online FD will only receive one benefit (rate benefit of 0.25%), regardless of the mode of investment.
Renewal:
+0.10% over and above the applicable rate of interest/card rate at the time of renewal of deposit. In case of online renewal, only one benefit (renewal benefit of 0.10%) will be extended.
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Amid falling fixed deposit rates and fluctuating market conditions, Fixed Deposit interest rates offered by financiers may not appear too attractive, but you can invest in a Bajaj Finance Fixed Deposit to reap the benefits of best FD rates of up to 7.25%. In addition to competitive interest rates, Bajaj Finance Limited offers several benefits that make it easy for you to invest and grow your savings.
However, your FD interest rates depend on the tenor, and interest payout frequency you choose. Bajaj Finance FD offers one of the best FD rates in India, as individuals below 60 years of age can earn up to 7.00% returns on their deposit, with additional rate benefit of 0.10% on online investments for individuals. Senior citizens can get additional rate benefit of 0.25% on their deposits, regardless of their mode of investment.
Along with the highest Fixed Deposit interest rates, you can look for high safety of your deposit, along with flexible tenors, periodic interest payouts, multi-deposit facility, auto-renewal facility and easy loan against FD. This ensures a hassle-free investment experience along with the benefit of growing your savings with the best Fixed Deposit rates in India.
Start your investment journey with Bajaj Finance FD, and make your savings grow easily.
Cumulative FD vs Non-cumulative FD:
Bajaj Finance Fixed Deposit Rates
Choose from Cumulative FDs (where interest is payable at the time of maturity) or Non-cumulative FDs (where interest may be payable at monthly, quarterly, half-yearly or annual basis).