Bajaj Finance Ltd

AAA/Stable

Deposit now

Overview

Interest Rates6.41% - 7.30% p.a

Tenure12 months - 60 months

Min. InvestmentRs. 15000.0

Lock in3 months

Senior Citizen Benefit

Individuals above the age of 60 are eligible to receive an extra 0.35% (over and above the standard rate).

Interest Rate Comparison

Bajaj FD gives the higest interest rate compare to bank FD's

Interest rate(%)

7.3%

Bajaj Finance LtdBajaj Finance Ltd

6.6%

HDFC Bank FDHDFC Bank FD

6.6%

ICICI FDICICI FD

3.5%

Savings AccountSavings Account

About Bajaj Finance Ltd

One of the largest and most trusted companies in the country. They borrow money via fixed deposits and lend it high quality individuals and companies and earn the difference in between. An RBI licensed company with over Rs.1.5 lakh crore assets under management.

Why to Invest?

Highest Interest Rates

Perfect combination of low risk and high return

Company Has Never Defaulted

They started operations in 1987 and have never defaulted on any payment ever.

Experienced and Ethical Management

The leaders have successfully sailed through all the financial crisis with over 30 years of experience.

Trusted by over 4 crore Indians

4 crore Indians trust Bajaj with their hard earned savings

Highest Possible Credit Rating

CRISIL-AAA/Stable and ICRA-AAA/Stable is the FD rating which means highest possible safety

Seasoned CEO

The most trusted name in finance industry, Rajeev Jain, with over 25 years+ experience

Frequently Asked Questions

What rate will I get in case of a pre-mature withdrawal?

Up to 3 (three) months from date of Deposit: Withdrawal of the Deposit is not permitted. However: I. in the event of death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and subject to submission of proof of death and other requisite documents to the satisfaction of the Company II. in case depositor wants premature withdrawal of his Deposit for expenses of emergent nature including on account of facing any medical emergency or expenses due to natural calamities or disaster, partial prematurity of the deposits is allowed upto lower of 50% of principal or Rs.5 lacs. Expenses of emergent nature are subject to verification/evaluation of case as per BFL policy. III. Premature withdrawal of Deposit Amount on account of suffering on account of Critical illness, 100% of principal amount of Deposit shall be paid to the depositor, without interest. For the purposes of this clause definition of ‘Critical illness’, shall be as per IRDAI (Health Insurance) Regulations, 2016 and the guidelines issued thereunder, as amended from time to time. IV. Deposits aggregating not exceeding an amount of Rs.10,000/- of principal amount (“Tiny Deposit”) will be prematurely paid to individual depositor or first named Depositor holding the Deposit in the same capacity in all the Deposits, at the request of the depositor, without interest. b. After 3 (three) months but before 6 (six) months from the date of the Deposit: Withdrawal of the Deposit will be permitted; however, interest shall not be payable. c. After 6 (six) months but before the date of maturity of the Deposit: Withdrawal of the Deposit will be permitted. Interest shall be payable at a rate which is 2% lower than the rate specified for the period during which the deposit has been opened. In case no rate is specified for the Deposit period, interest rate payable shall be 3% lower than the lowest rate being offered by the Company.

How are returns from FDs Taxed?

Returns from FDs are taxed at your overall slab rate. Therefore, if you are in the 30% tax bracket, then the interest from your FD will also be taxed at 30%.

Would I be charged anything for booking an FD?

Investing in FD from the INDmoney platform is Absolutely FREE. There is no additional charge whatsoever.

Bajaj Finance Ltd. Disclaimers

Book your Fixed Deposit for higher interest rates upto 7.30%p.a

Fix your deposits with flexible plans of 1 year, 3 year and 5 year at best available interest rates

Deposit now