The Bajaj Finance Fixed Deposit (FD) is a great option to consider if you are looking for lucrative rates and other attractive features. You stand to earn a substantial return on investment with high Bajaj Finance FD rates of up to 8.65% p.a.
You can open a Bajaj Finance FD with just ₹15,000, and the maximum amount can go up to ₹5 Crores.
Click here to know the FD interest rates that regular and senior citizens stand to earn.
Bajaj Finance FD Rates for Regular and Senior Citizens – Regular Tenor
The interest rates you get on your FD depend on the tenor you choose. Refer to the following table to know the Bajaj Finance FD rates at regular tenors.
| Tenor in Months | Interest Rates for Regular Citizens (p.a.) | Interest Rates for Senior Citizens (p.a.) |
| 12 – 14 | 7.40% | 7.65% |
| 15 – 23 | 7.50% | 7.75% |
| 24 – 35 | 7.80% | 8.20% |
| 36 – 60 | 8.10% | 8.35% |
Disclaimer: The above-mentioned interest rates are subject to change at the discretion of the issuer.
Bajaj Finance FD Rates for Regular and Senior Citizens – Special Tenor
You can also choose FDs with special tenors where you get better interest rates. Check the following table to know the rates at special tenors:
| Tenor in Months | Interest Rates for Regular Citizens (p.a.) | Interest Rates for Senior Citizens (p.a.) |
| 18 | 7.80% | 8.05% |
| 22 | 7.90% | 8.15% |
| 33 | 8.10% | 8.35% |
| 42 (Bajaj Finance Digital FD) | 8.40% | 8.65% |
| 44 | 8.25% | 8.50% |
Disclaimer: The above-mentioned interest rates are subject to change at the discretion of the issuer.
Returns from a Bajaj Finance FD: An Illustration
As mentioned above, the interest rates vary with the tenor, which also influences your returns at maturity. To help you understand the calculation better, here is an example.
Suppose you, as a regular citizen, open a fixed deposit of ₹20,000 for 12 months. In this case, the returns at maturity will be ₹21,480. On the other hand, if you invest your funds for a tenor of 60 months, the returns at maturity will be ₹29,523.
Eligibility and Documentation Requirements for the Bajaj Finance FD
Here are the eligibility requirements you need to meet to open a Bajaj Finance FD:
- You must be a resident of India
- You can also apply if you are an individual or a senior citizen
You need to submit the following paperwork:
- PAN card
- Latest photograph
- A cancelled cheque
- KYC documents such as an Aadhaar card, passport, driving licence, or voter ID
Steps to Open a Bajaj Finance FD
Applying for a Bajaj Finance FD is quick and easy. Here are the simple steps you need to follow:
- Go to the official website of Bajaj Finance and navigate to the fixed deposit page
- Once you open the page, click on the ‘Open FD’ option at the top of the page to open the online application form
- Provide your contact number and verify it with the One Time Password (OTP) sent to the contact number
- Provide some basic details, including the amount you wish to invest and choose the investment tenor and the payout frequency
- Enter details of your PAN card and your date of birth
- Complete the Know Your Customer (KYC) formalities by confirming your details in case you are an existing customer
- In case you are a new customer, complete your KYC requirements using an Aadhaar card
- After completing the KYC, you will find a declaration
- Read the declaration carefully and then agree to the terms and conditions
- Provide details of your bank account and transfer the amount for you wish to open the FD using Net Banking, UPI, NEFT or RTGS
By following these steps, your FD will be booked. You will get the Fixed Deposit Acknowledgement (FDA) as a link on your contact number and your registered email address. You will also get an Electronic Fixed Deposit Receipt (e-FDR) on your email ID within 3 working days.
Now that you understand about FD interest rates and how they impact your returns, making the right decision is easy. Remember, the tenor you select directly influences the interest rates you receive on your FD.
Issuers generally provide higher rates if you opt for a longer tenor. This is because your money stays locked in for a longer period. Assess your investment goals and liquidity needs and choose a suitable tenor.
