Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., is a Non-Banking Financial Company that accepts deposits (NBFC-D). It is registered with the Reserve Bank of India (RBI) and is categorised as an investment and credit company.
Bajaj Finance is in the business of lending and accepting deposits. It has a significant presence in rural as well as urban India. Its lending portfolio is diversified across retail, Small and Medium Enterprises (SMEs), and commercial customers. Bajaj Finance is a 35-year-old enterprise with 66.05 million customers.
Investing in fixed deposits is considered to be one of the safest. Bajaj Finance offers fixed deposits with a 12-60 months tenure. However, they offer higher interest rates on special tenure of 15, 18, 22, 30, 33, and 44 months.
|Tenure||For General Citizens (p.a.)||For Senior Citizens (p.a)|
|12 months to 14 months||7.4%||7.65%|
|15 months to 23 months||7.5%||7.75%|
|24 months to 24 months||7.55%||7.8%|
|25 months to 35 months||7.35%||7.6%|
|36 months to 60 months||8.05%||8.3%|
|60 months to 300 months||8.05%||8.3%|
|Note: All interest rates are updated as of 19th Jun 2023|
Systematic Deposit Plan
Below is a step-by-step guide to opening an FD account with Bajaj Finance:
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. You will receive an Electronic Fixed Deposit Receipt (e-FDR) to your email ID within 3 working days (subject to documents being in the correct order).
Bajaj Finance fixed deposit provides a premature withdrawal option to all depositors, which allows them to close the FD before the scheduled maturity date.
Fixed deposit is an investment avenue wherein investors can invest a specific amount for a specified period at a fixed interest rate. Fixed deposits are offered by banks and NBFCs (Non-Banking Financial Companies).
Bajaj Finance offers you to choose any tenure from 12 to 60 months. The interest rate for each investment varies based on the tenure the investor selects. Bajaj Finance has also introduced a special tenure of 15, 18, 22, 30, 33, and 44 months.
The minimum investment amount to open a fixed deposit with Bajaj Finance is ₹15,000.
There is no limit on the number of fixed deposits you can have with Bajaj Finance.
Disclaimer: The calculator and the results of the same are based on information inputted by you and extracted from third party sources. The information on this page is for illustrative purposes only and does not amount to any investment advice or recommendation. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. The information displayed on this page does not constitute an invitation to invest in any product nor is it a promise of performance. Interest rates are not updated in real time and you are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions.