Fixed deposits are one of the most popular investment avenues in the Indian investment market. India’s leading non-banking finance company, Bajaj Finance, offers a diverse range of FD products to choose from. Bajaj Finance FD rates are quite remunerative, and interest rates can go as high as 8.60%. Moreover, Bajaj Finance offers an additional 0.25% interest rate for senior citizens across each category of FD.
Bajaj Finance is an established name in the financial sector, and it offers a sense of security to investors. In this article, we shall discuss various aspects of Bajaj Finance FDs, including the rates for senior and non-senior citizens and the benefits of investing.
Bajaj Finance Fixed Deposit Rates 2023
The different FD rates offered by Bajaj Finance across different investment tenures are as follows:
| Tenor (in months) | Interest Rate (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 12 – 14 | 7.40 | 7.65 |
| 15 | 7.45 | 7.70 |
| 16 – 17 | 7.50 | 7.75 |
| 18 | 7.40 | 7.65 |
| 19 – 21 | 7.50 | 7.75 |
| 22 | 7.50 | 7.75 |
| 23 | 7.50 | 7.75 |
| 24 | 7.55 | 7.80 |
| 25 – 29 | 7.35 | 7.60 |
| 30 | 7.45 | 7.70 |
| 31 – 32 | 7.35 | 7.60 |
| 33 | 7.75 | 8.00 |
| 34 – 35 | 7.35 | 7.60 |
| 36 – 43 | 8.05 | 8.30 |
| 44 | 8.35 | 8.60 |
| 45– 60 | 8.05 | 8.30 |
*Effective from 10th May, 2023
The Bajaj Finance FD interest rates mentioned above are only applicable to non-senior citizens across various tenures. There are two things that you should remember.
- For every FD category mentioned above, senior citizens will receive an additional 0.25% over the general interest rate.
- Tenures of 15, 18, 22, 33, and 44 months are special FD categories that have been launched by Bajaj Finance.
- The maximum investment amount is set as ₹5 crores.
Bajaj Finance FD Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crores (Non-cumulative)
| Tenor (in months) | Interest Rates (% p.a.) | |||
| Monthly | Quarterly | Half Yearly | Annual | |
| 12 – 14 | 7.16 | 7.20 | 7.27 | 7.40 |
| 15 | 7.21 | 7.25 | 7.32 | 7.45 |
| 16 – 17 | 7.25 | 7.30 | 7.36 | 7.50 |
| 18 | 7.16 | 7.20 | 7.27 | 7.40 |
| 19 – 21 | 7.25 | 7.30 | 7.36 | 7.50 |
| 22 | 7.25 | 7.30 | 7.36 | 7.50 |
| 23 | 7.25 | 7.30 | 7.36 | 7.50 |
| 24 | 7.30 | 7.35 | 7.41 | 7.55 |
| 25 – 29 | 7.11 | 7.16 | 7.22 | 7.35 |
| 30 | 7.21 | 7.25 | 7.32 | 7.45 |
| 31 – 32 | 7.11 | 7.16 | 7.22 | 7.35 |
| 33 | 7.49 | 7.53 | 7.61 | 7.75 |
| 34 – 35 | 7.11 | 7.16 | 7.22 | 7.35 |
| 36 – 43 | 7.77 | 7.82 | 7.89 | 8.05 |
| 44 | 8.05 | 8.10 | 8.18 | 8.35 |
| 45 – 60 | 7.77 | 7.82 | 7.89 | 8.05 |
NRI Fixed Deposit Interest Rates of deposits from Rs 15,000 to Rs 5 crores
| Tenor (in months) | Interest Rate (% p.a.) |
| 12 – 14 | 7.40 |
| 15 | 7.45 |
| >15-17 | 7.50 |
| 18 | 7.40 |
| 19-21 | 7.50 |
| 22 | 7.50 |
| 23 | 7.50 |
| 24 | 7.55 |
| 25-29 | 7.35 |
| 30 | 7.45 |
| 31-32 | 7.35 |
| 33 | 7.75 |
| 34-35 | 7.35 |
| 36 | 8.05 |
Bajaj Finance FD Rates for Senior and Non-Seniors (1-year Tenure)
Discussed below are the Bajaj Finance FD interest rates for senior citizens and the general public for FDs having a maturity period of 1 year:
| Type | Maturity | Monthly | Quarterly | Half-Yearly | Annualised |
| Senior Citizen | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| Non-Senior Citizen | 7.40% | 7.16% | 7.20% | 7.27% | 7.40% |
Bajaj Finance FD Rates for Senior and Non-Senior Citizens (2-Year Tenure)
Discussed below are the Bajaj Finance FD interest rates for senior citizens and regular investors against FDs having a maturity period of 2 years:
| Type | Maturity | Monthly | Quarterly | Half-Yearly | Annualised |
| Senior Citizen | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% |
| Non-Senior Citizen | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% |
Why Choose Bajaj Finance FD?
Discussed below are reasons to explain why you should invest in a Bajaj Finance FD:
● Competitive Interest Rates
Bajaj Finance offers attractive interest rates across all FD products. The highest FD interest for non-senior citizens stands at 8.35%, and for non-senior citizens is 8.60%. Bajaj Finance FD rates are quite lucrative and not only help you to earn a significant return but also tide over the rising cost of living crisis.
● Flexible Tenures
Bajaj Finance offers very flexible tenures for its customers on its FD products. The tenure ranges from 1 year to 5 years, with many sub-tenures within this period. Moreover, Bajaj Finance has launched special tenure products which are not available elsewhere in the market. These FDs have special tenures of 15, 18, 22, 30, 33, and 44 months.
● Security
Bajaj Finance FDs come with the highest CRISIL ratings, i.e., AAA/Stable. It signifies the highest level of security provided by one of the leading credit rating institutions in the world. Therefore, Bajaj Finance not only provides significant returns to its investors but is also renowned as a secure financial entity.
Summing Up
This article provides all the information about Bajaj Finance FD rates across various tenures and investor classes. It is an ideal investment instrument for senior citizens as the interest rate offered by Bajaj Finance is one of the highest in the market, and security levels are also significant. However, it is always advisable to use a Bajaj Finance FD rates calculator to estimate the maturity amount of your fixed deposit as per the applicable interest rate and tenure.
Bajaj Finance FD Rates FAQs :-
The minimum amount that you have to deposit in a Bajaj Finance FD is ₹15,000, and the maximum amount that one can invest is ₹5 crores.
Yes, all interest income earned from Bajaj Finance FD is subject to taxation. The interest earned gets added to the gross total income and is taxed as per the applicable slab rates.
Yes, you can opt to get a monthly interest payout from your Bajaj Finance Fixed Deposit. You need to mention this requirement while submitting the application and booking the FD.
