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Tuesday, 30 August 2022

Bajaj Finance hikes fixed-term FD rates by up to 15 bps: Check new rates








Bajaj Finance has increased FD rates for multiple tenures from 26th August 2022 onwards. This change in rate is Rs. 15,000 to Rs. Applicable to all deposits up to 5 crores. 

The new rates will be applicable for term deposits of 12-23 months, 15 months, 18 months and 20 months. 

For a tenure of 12-23 months, the interest rate has been increased from 6.20% per annum to 6.35% per annum for customers below 60 years of age.




 However, the rate has been increased from 6.45% per annum to 6.60% per annum for senior citizens.

For a period of 22 months, the rate has been increased from 6.65% per annum to 6.80% per annum for customers below 60 years of age, while for senior citizens, the rate has been increased from 6.90% per annum to 7.05% per annum.

All investor categories and tenure FDs will continue to earn high interest rates of up to 7.75% per annum.

60 વર્ષથી ઓછી ઉંમરના ગ્રાહકો માટે નવા દરો નીચે મુજબ છે:

મુદત

જૂનો દર

નવો દર

12-23 મહિના

વાર્ષિક 6.20%

વાર્ષિક 6.35%

15 મહિના

વાર્ષિક 6.40%

વાર્ષિક 6.55%

18 મહિના

વાર્ષિક 6.50%

વાર્ષિક 6.65%

22 મહિના

વાર્ષિક 6.65%

વાર્ષિક 6.80%

વરિષ્ઠ નાગરિકો (60 વર્ષથી વધુ ઉંમર) માટે નવા દરો નીચે મુજબ છે:

મુદત

જૂનો દર

નવો દર

12-23 મહિના

વાર્ષિક 6.45%

વાર્ષિક 6.60%

15 મહિના

વાર્ષિક 6.65%

વાર્ષિક 6.80%

18 મહિના

વાર્ષિક 6.75%

વાર્ષિક 6.90%

22 મહિના

વાર્ષિક 6.90%

વાર્ષિક 7.05%



Features of Bajaj Finance Fixed Deposit are as follows :

Minimum investment amount is Rs. 15,000: As the maximum amount only Rs. Start investing from 15,000. Maximum amount for online investment is Rs. 5 crores; Offline customers have no upper limit of investment amount.

Higher returns of up to 7.75% per annum for a tenure of 44 months: Senior citizens who invest for 44 months can now earn returns of up to 7.75%. The maximum return for customers below 60 years is 7.50% per annum.

Tenure from 12 to 60 months: Choose any tenor from 12 to 60 months. Your tenure will determine the interest rate on your investment.

Variable Payout Facility: Get regular income by choosing non-cumulative fixed deposit option. Earn interest monthly, quarterly, semi-annually or annually.

Special tenure for higher returns: Bajaj Finance offers special tenure for higher returns. It is for special tenures of 15, 18, 22, 30, 33 and 44 months.



Loan against FD: Get a loan of up to 75% of your investment amount.

Premature withdrawal facility without any penalty: Withdraw your FD before the maturity date by bearing interest loss.

FD Renewal in 4 Easy Steps: Renew your FD for a tenure ranging from 12 to 60 months and get returns up to 7.75% p.a.

Small monthly deposit facility with systematic deposit plan

Higher rates of 0.25% per annum for senior citizens.

To give you an idea of ​​the impact of these high FD rates on your total earnings, here is the Rs. Here are two examples with returns on senior and non-senior citizen FDs with an investment amount of Rs 5,00,000:


વરિષ્ઠ નાગરિકો માટે:

રોકાણ મુદત

FD વ્યાજ દર

વ્યાજ કમાણી

કુલ કમાણી

44 મહિના

7.75%

Rs. 1,57,406

Rs. 6,57,406

36 મહિના

7.65%

Rs. 1,23,752

Rs. 6,23,752

24 મહિના

7.20%

Rs. 74,592

Rs. 5,74,592

બિન-વરિષ્ઠ નાગરિકો માટે:

રોકાણ મુદત

FD વ્યાજ દર

વ્યાજ કમાણી

કુલ કમાણી

44 મહિના

7.50%

Rs. 1,51,830

Rs. 6,51,830

36 મહિના

7.40%

Rs. 1,19,417

Rs. 6,19,417

24 મહિના

6.95%

Rs. 71,915

Rs. 5,71,915



Disclaimer: All results were calculated using Bajaj Finance Fixed Deposit Calculator.

How to Apply for Bajaj Finance FD:

  • Step 1: Click on Start your application and enter your mobile number. An OTP will be sent to your mobile number; Check the application form by looking at it.
  • Step 2: Enter the investment amount, choose your investment term and payment option.
  • Step 3: If you are an existing customer, your details saved in Bajaj Finance will be available for verification. Please ensure the details are correct or edit to make any changes.
  • New customers have to complete their KYC using their Aadhaar number or upload their KYC documents for proof of identity and address.
  • Step 4: Enter additional details like occupation, annual income, and marital status. Mention your family details and nominee for your fixed deposit.
  • Step 5: An advertisement will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to make payment.
  • Step 6: Complete your deposit using Net Banking, UPI, or Debit Card.


Once the payment is successful, your deposit will be booked, and you will receive a Fixed Deposit Acknowledgment (FDA) on your registered email address and mobile number. Keep your email address and phone number updated for regular updates about your FD.

You will pay Rs. Start investing with as little as 15,000 and enjoy competitive interest rates with tenure options of up to 60 months. Invest online today to start your investment in a few clicks and get higher returns to achieve your financial goals.

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