A fixed deposit is an investment choice that ensures the client earns returns and their capital is safe from market variations. The Bajaj Finance fixed deposit account allows Indian investors to start investing from as little as INR 15,000 and choose the tenure based on their financial requirements.
Before opening a fixed deposit account, the customer must calculate their maturity returns or interest amount based on the amount to deposit, the amount of time to maintain the deposit, and the interest rate.
Bajaj Finance fixed deposit mechanism
Bajaj Finance fixed deposit account makes sure that the client earns guaranteed returns from the fixed deposit. The interest rate of the fixed deposit will remain unchanged during the entire period of holding the fixed deposit, and it will not be influenced by market conditions.
The clients can consider the tenure of the fixed deposit, which varies from 1 to 5 years. They can also choose to receive interest at maturity or periodically.
The product is being rated as CRISIL AAA/STABLE and [ICRA]AAA(Stable), which shows high stability of the fixed deposit.
Why does the Rs. 15,000 starting amount matter?
A minimum deposit amount of Rs. 15,000 makes it easy for investors as they do not have to wait to accumulate a significant investment. Having a smaller starting amount aids in short-term or medium-term investment. It can be utilised for future expenses, travel, and various other goals with a specific timeline.
Investors with a higher amount can spread it over many deposits, each with different maturities, which allows them to have access to their money from time to time.
Choose a tenure based on your goal
The investment tenure influences both the applicable rate and the total period for which the principal earns interest. Bajaj Finance Fixed Deposit provides three main interest-rate bands:
These cumulative rates apply to deposit amounts from Rs. 15,000 to Rs. 3 crore and are effective from 11th June, 2025. Rates may change, so investors should verify the latest applicable rates before investing.
A tenure of 12 to 14 months may suit a short-term goal. The 15-to-23-month band may support an expense planned within approximately two years. Tenures from 24 to 60 months can support medium-term or longer goals.
Select cumulative growth or periodic income
Bajaj Finance Fixed Deposit provides cumulative and non-cumulative payout options. Each option serves a different financial requirement.
Under the cumulative option, the interest earned remains invested and is paid with the principal at maturity. This option may suit individuals who want to build a lump sum and do not require income during the tenure.
Under the non-cumulative option, interest can be paid monthly, quarterly, half-yearly, or annually. This arrangement may suit investors who want regular income for recurring expenses.
The annualised rate varies according to the payout frequency. For example, customers below 60 investing for 24 to 60 months receive 6.95% p.a. under the cumulative or annual payout option. The monthly payout rate is 6.74% p.a.
For senior citizens, the corresponding rates are 7.30% p.a. for cumulative or annual payouts and 7.07% p.a. for monthly payouts.
Senior citizens can earn an additional rate
Bajaj Finance Senior Citizen FD is available to investors aged 60 years and above. Senior citizens can earn up to 0.35% p.a. more than customers below 60, depending on the chosen tenure.
For a cumulative deposit with a tenure of 24 to 60 months, senior citizens can earn up to 7.30% p.a. The higher applicable rate can increase the maturity amount or periodic income, particularly over a longer investment period.
Senior citizens should compare cumulative and non-cumulative options according to their needs. A cumulative deposit may support a future financial goal, while regular payouts may supplement monthly or quarterly income.
What does knowing your returns upfront mean?
Knowing the returns upfront means understanding the contracted interest rate, expected interest earnings, and maturity value before completing the investment. The applicable return depends on the details selected while booking the deposit.
For a cumulative deposit, investors can estimate the total amount payable at maturity. For a non-cumulative deposit, they can estimate the periodic interest amount and the overall interest expected during the tenure.
The final amount can differ from the initial estimate if the deposit is withdrawn prematurely or applicable tax deductions affect the amount received. Investors should therefore treat online calculations as planning estimates and review the confirmed deposit terms.
Consider liquidity before investing
The selected tenure should reflect when the investor expects to need the money. Premature withdrawal can reduce the interest payable. Withdrawal is generally not allowed within the first three months, except under specified circumstances such as death, medical emergencies, critical illness, or natural calamities.
If withdrawal takes place after three months but before six months, no interest is payable. For withdrawal after six months and before maturity, the payable interest is generally 2% lower than the applicable rate for the completed period. Deposits of up to Rs. 10,000 may be withdrawn without interest. Maintaining a separate emergency fund can help investors avoid disturbing a long-term deposit.
Who can invest and what documents are required?
Resident Indians are eligible to open a Bajaj Finance Fixed Deposit, provided they are a suitable applicant, irrespective of their age.
Basic requirements for investors for this form of investment include the submission of the PAN along with a KYC document (Aadhaar card, passport, driving licence or voter ID).
Estimate the returns before booking
An FD calculator can help investors understand how Rs. 15,000 or another deposit amount may grow over a selected tenure. It considers the principal, applicable interest rate, investment period, and payout option.
Investors can use an FD calculator to compare a 12-month deposit with a longer tenure or assess cumulative growth against periodic income. It can also help determine whether the expected maturity value is sufficient for the intended goal.
Starting with Rs. 15,000 makes Bajaj Finance Fixed Deposit accessible for different financial plans. Investors can choose from tenures of 12 to 60 months and select cumulative or periodic interest payouts.
Before investing, use an FD calculator and review the latest rates, maturity estimate, payout schedule, and premature withdrawal conditions. This provides a clearer understanding of the expected return and helps align the deposit with the investor’s financial timeline.
