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Bajaj FD Rates for customers below the age of 60

Fixed Deposit rate of interest (annualised) for customers below the age of 60 is valid for deposit of up to ₹5 crore .

Tenure in MonthsAt Maturity (p.a.)Monthly (p.a.)Quarterly (p.a.)Half Yearly (p.a.)Annual (p.a.)
42*8.60%8.28%8.34%8.42%8.60%

Customers below the age of 60 – Special Period

Tenure in MonthsAt Maturity (p.a.)Monthly (p.a.)Quarterly (p.a.)Half Yearly (p.a.)Annual (p.a.)
18*7.80%7.53%7.58%7.65%7.80%
22*7.90%7.63%7.68%7.75%7.90%
33*8.10%7.81%7.87%7.94%8.10%
44*8.25%7.95%8.01%8.09%8.25%

Customers below the age of 60 – Regular Period

Tenure in MonthsAt Maturity (p.a.)Monthly (p.a.)Quarterly (p.a.)Half Yearly (p.a.)Annual (p.a.)
12 - 147.40%7.16%7.20%7.27%7.40%
15 - 237.50%7.25%7.30%7.36%7.50%
24 - 357.80%7.53%7.58%7.65%7.80%
36 - 608.10%7.81%7.87%7.94%8.10%

Bajaj FD Rates for customers above the age of 60

Fixed Deposit rate of interest (annualized) for senior citizens is valid for deposit of up to ₹5 crore

Tenure in MonthsAt Maturity (p.a.)Monthly (p.a.)Quarterly (p.a.)Half Yearly (p.a.)Annual (p.a.)
42*8.85%8.51%8.57%8.66%8.85%

Senior Citizen – Special Period

Tenure in MonthsAt Maturity (p.a.)Monthly (p.a.)Quarterly (p.a.)Half Yearly (p.a.)Annual (p.a.)
18*8.05%7.77%7.82%7.89%8.05%
22*8.15%7.86%7.91%7.99%8.15%
33*8.35%8.05%8.10%8.18%8.35%
44*8.50%8.19%8.24%8.33%8.50%

Senior Citizen – Regular Period

Tenure in MonthsAt Maturity (p.a.)Monthly (p.a.)Quarterly (p.a.)Half Yearly (p.a.)Annual (p.a.)
12 - 147.65%7.39%7.44%7.51%7.65%
15 - 237.75%7.49%7.53%7.61%7.75%
24 - 358.20%7.91%7.96%8.04%8.20%
36 - 608.35%8.05%8.10%8.18%8.35%

 

Types of Fixed Deposits

  • 1

    Cumulative Fixed Deposit:

    Earn compound interest with this traditional FD where interest is paid out upon maturity, boosting your investment over time.

  • 2

    Non-Cumulative Fixed Deposit:

    Receive regular income with interest payouts on a monthly, quarterly, half-yearly, or annual basis, though the maturity amount is lower compared to cumulative FDs.

  • 3

    Tax Saver Fixed Deposit:

    Save up to ₹1.5 lakh in taxes annually by investing in this FD with a five-year lock-in period and a one-time lump sum deposit.

  • 4

    Bank FDs:

    Secure your funds with a one-time lump sum deposit into a bank for a fixed period, earning interest based on prevailing rates.

  • 5

    Company FDs:

    Explore corporate FDs provided by financial institutions and NBFCs, considering credit ratings like CRISIL and ICRA for safety. Enjoy variable tenors and competitive returns.

  • 6

    Post Office FD:

    Opt for one of India's safest saving options with the post office fixed deposit, backed by the Indian government's sovereign guarantee and issued by the Indian Postal Service.

  • 7

    Flexi Fixed Deposit:

    Combine the benefits of a traditional FD with a demand deposit, linking your investment to the issuer's savings accounts for higher interest rates and liquidity.

     

     

Factors that affect FD Interest Rates

  • 1

    RBI Policies:

    The Reserve Bank of India's (RBI) monetary policies, particularly the repo rate, directly influence FD interest rates.

  • 2

    Economic Conditions:

    Overall economic factors such as inflation rates, GDP growth, and liquidity conditions impact fixed deposit interest rates.

  • 3

    Inflation Rate:

    Higher inflation rates typically lead to higher FD rates to offset the loss in purchasing power over time.

  • 4

    Competition:

    Competition among banks and financial institutions affects FD rates, with banks adjusting rates to attract deposits and remain competitive.

  • 5

    Tenure of the FD:

    The duration of the FD affects fixed deposit interest rates, with longer tenures generally offering higher rates to incentivize long-term deposits.

  • 6

    Government Policies:

    Government schemes and policies aimed at encouraging savings and investment can indirectly influence FD interest rates.

     

Senior Citizen – Regular Period

Unlock growth potential with Bajaj Broking FD! Enjoy attractive FD interest rates of up to 8.85% p.a. with flexible tenures spanning 12 to 60 months. Seamlessly set up your investment online, starting from just ₹15,000. Choose from various Bajaj FD types tailored to your needs, whether it's compound interest or regular payouts. Benefit from top-notch security and convenience while maximizing your returns.

 

Impact of Tax on Fixed Deposit

UFixed deposits (FDs) are subject to Tax Deducted at Source (TDS), where a portion of your interest earnings is deducted as tax before payment.

 

  • For bank FDs, if your interest income exceeds ₹40,000 (₹50,000 for seniors), 10% tax is deducted.
  • For NBFC FDs, if interest exceeds ₹5,000, 10% tax is applied.
  • Without PAN details, tax doubles to 20%.

 

 

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Frequently Asked Questions

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What are Fixed Deposits?

Answer Field

Fixed Deposits (FDs) are investment tools where you deposit money at a fixed interest rate for a specific period

What interest rates are offered by Bajaj Broking Fixed Deposits?

Answer Field

Bajaj Broking offers competitive interest rates up to 8.85% per annum, depending on the tenure and the age of the customer. 

What are the available tenures for a Bajaj Broking Fixed Deposit?

Answer Field

You can choose from a variety of tenures ranging from 12 months to 60 months. This flexibility allows you to align the maturity of your fixed deposit with your financial goals.

What is the minimum amount required to start a Fixed Deposit with Bajaj Broking?

Answer Field

The minimum investment amount for starting a fixed deposit with Bajaj Broking is Rs. 15,000.

What is the minimum and maximum tenure for Fixed Deposits?

Answer Field

The tenure for Bajaj Finance Fixed Deposit ranges from 12 to 60 months.

Can I withdraw my money from a Fixed Deposit before maturity?

Answer Field

Premature withdrawal option is allowed for fixed deposits to all the depositors, which allows them to close the FD before the scheduled maturity date.

Is the interest earned on Fixed Deposits taxable?

Answer Field

Yes, Fixed deposits (FDs) are subject to Tax Deducted at Source (TDS).

Are Fixed Deposits insured?

Answer Field

Bank FDs are safeguarded by the DICGC scheme, ensuring protection for your deposits up to Rs. 1 lakh, encompassing both the principal and interest amounts held in the same capacity and right.

What is the difference between Regular FD and Senior Citizen FD?

Answer Field

Senior citizens (over 60 years of age) get up to 0.40% p.a. additional FD interest rate.

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