Bajaj Finserv Fixed Deposit
Bajaj Finserv Fixed Deposit Rating: 4,4/5 5962 votes
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.
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?
Bajaj Finserv Fixed Deposit Rates
Fixed Deposit Interest Rates (w.e.f 05 March 2020):
- Bajaj Finance fixed deposits a lucrative interest rate of 8.75%, which can go up to 9.10%. High Stability and Credibility Bajaj Finance fixed deposit has been accredited with ICRA's MAAA (stable) rating and Crisil's FAAA/Stable rating, which indicates high stability of the company.
- Bajaj Finserv has a good credit rating and offers highest interest rates where one can get yield up to 7.85%. Bajaj Finserv Fixed Deposit rates are far higher compared to Bank FDs. In this article we would provide Bajaj Finserv FD Scheme details in 2020, its FD interest rates and would conclude whether it is safe to invest in such FD schemes.
- So, if you seek an investment option that is secure and gives assured returns, a fixed deposit is an ideal investment option. For those looking to grow their savings in a safe avenue, Bajaj Finance Fixed Deposit is a great option. Here’s what makes a Bajaj Finance FD a preferred option to grow your savings.
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% | |
Rate benefits basis customer category (w.e.f 01 Feb. 2021):
+ 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.
Bajaj Finserv Fixed Deposit Calculator
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:
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).