Bajaj Finance Fixed Deposit Rates 

Bajaj Finance accepts fixed deposit applications from retail investors, sole proprietorships, companies, HUFs and clubs. Investing with them is the safest option as this NBFC is more than 35 years old and registered under the Reserve Bank of India. Go through the latest Bajaj Finance fixed deposit rates and the benefits of investing via Stable Money. 

To explore the features, download the Stable Money app now!

Bajaj Finance FD Rates for General and Senior Citizens 

Bajaj Finance, partnering with Stable Money, has launched fixed deposit schemes ranging from 1 year to 5 years where senior citizens can earn up to 8.65% returns every year if they invest a lump sum for 3 years and 6 months. This tenure offers the highest returns to investors, and even the general public can gain 8.40% p.a. upon maintaining this scheme.

As of now, if you invest via Stable Money in a 5-year fixed deposit with Bajaj Finance, you can get 8.35% annual returns. Opening an account takes hardly a few minutes, and you may start with a minimum contribution of ₹15,000. 

Term Wise Bajaj Finance FD Rates 

The following shows the term-wise Bajaj Finance fixed deposit rates:

Short Term

Collaborating with Stable Money, Bajaj Finance offers 7.40% interest per year to the general public who book an FD for 1 year. Additionally, senior citizens are offered an extra 0.25% per annum. Accordingly, let’s assume that someone who is under 60 years of age decides to invest ₹75,000 for one year through Bajaj Finance FD. In that case, they will get ₹80,550 at the end of the maturity term with an accrued interest of ₹5,550. 

Medium Term

Just like short-term FDs, you can also rely on the Bajaj Finance rate of interest to fulfil mid-term financial goals. 

For instance, the NBFC guarantees an 8.40% return for the general public and 8.65% interest for senior citizens who book a fixed deposit for 3 years 6 months. As per this rate, if a regular investor puts ₹2 lakh, then they can get ₹65,207 as interest upon maturity. Similarly, for the same amount, a senior citizen can receive ₹67,353 after the end of the tenure. 

Long Term

Bajaj Finance provides competitive interest to their long-term FD owners too. Let’s say a person with a goal to invest ₹5,00,000 for 5 years chooses Bajaj Finance Ltd. They can get 8.10% interest for such an investment which will create a corpus of ₹7,38,229. It means a total of ₹2,38,229 interest is earned with a 5-year FD for ₹5 Lakhs. Moreover, if a senior citizen selects the same amount and tenure, they can get ₹7,46,810 at 8.35% p.a. returns.

Benefits of Bajaj Finance FD Interest

Besides the excellent Bajaj Finance rate of interest on fixed deposits, you can avail the following advantages: 

• Depositors can withdraw their money anytime after a 3-month lock-in period
• Customers can be sure of deposit safety as Bajaj Finance is AAA-rated by CRISIL
• In case the investor needs to withdraw their funds for a financial emergency, Bajaj Finance will not levy any penalty on their principal amount

To enjoy the above-mentioned perks, use our platform for better comparisons and an easier account opening process. 

Eligibility to Avail Bajaj Finance FD Interest Rates 

The following entities are eligible to earn Bajaj Finance fixed deposit rates by opening an account via Stable Money:

• Residents Indians
• Sole proprietorships
• Hindu Undivided Families (HUFs)
• Societies, clubs, associations and family trusts
• Partnership firms and companies

Documents Required to Avail Bajaj Finance FD Interest Rates

For a hassle-free fixed deposit opening with Bajaj Finance Ltd., individuals must submit:

• Permanent Account Number (PAN) 
• Any KYC verification document (Aadhaar card/ Driving licence/ Voter ID/ Passport)

Alternatively, companies can apply for a fixed deposit by submitting:

• Company PAN
• KYC of authorised signatories
• Board resolution for opening an FD account
• Certificate of registration/ incorporation
• Memorandum and articles of association
• Latest bank account statements or utility bills

Premature Withdrawal of Bajaj Finance FD

When you withdraw your funds before maturity, premature withdrawal charges apply to Bajaj Finance fixed deposit rates. To better sum up the penalty structure, we have shared a table below:

These penalties are levied on the applicable Bajaj Finance rate of interest. Therefore, your principal is safe regardless of the time you decide to withdraw your investment. 

Tax on Bajaj Finance FD

Depending on your yearly fixed deposit earnings, tax deduction at source (TDS) is applied. This means if someone’s interest yield is more than ₹40,000 or ₹50,000 (for senior citizens), then 10% TDS is deducted. 

Through Stable Money, all investments in a Bajaj Finance FD can be processed once you provide your PAN details. It helps reduce your TDS burden which otherwise would have been 20% without a valid registered PAN card. 

Why Should You Choose Stable Money to Book Bajaj Finance FD?

You can open a fixed deposit via Stable Money to ensure 100% safety of your deposits for up to ₹10 lakh. Our platform is certified by DICGC, a fully-authorised subsidiary of the Reserve Bank of India. Moreover, we offer the highest available FD rates provided by each of our partner banks to the customers. 

Investors with varied goals can rely on us as our partners extend a wide range of tenures. For instance, if you need to invest a lump sum of ₹10,00,000 for 42 months, we can guarantee the best rates of Bajaj Finance FD which is 8.65% for the general public. This scheme will earn you ₹3,36,764 through a passive source in just 42 months. Thus, Stable Money is a platform already worth giving a try, having gained the trust of over 10 lakh users across India.