Bajaj Finance Fixed Deposit (FAAA/Stable by CRISIL and MAAA/Stable by ICRA)

Company Overview :

  • Bajaj Finserv was formed in April 2007
  • Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group
  • Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending

Unique features of investing through ICICIdirect.com :

  • E-FDR : Electronic certificate for your investment
  • Online Nomination : No need to fill or send physical nomination form
  • Online Renewal : Renewals can be done online without paper work
  • Auto Credit : Direct credit of interest and maturity proceeds in the registered bank a/c

Who can invest?

  • Online : Resident Individuals & HUFs
  • Offline : Resident Individuals, HUFs, Trusts, Domestic Companies, Minor

Bajaj Finance FD interest rates (w.ef. October 17, 2018)

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Annual (p.a.) Interest (p.a.) Effective Yield (p.a.) Approx. maturity value for ` 5 Lacs*
12-23 7.72% 7.77% 7.85% 8.00% 8.00% - -
24-35 7.88% 7.93% 8.00% 8.15% 8.15% - -
36-60 8.42% 8.48% 8.57% 8.75% 8.75% - -
Special Scheme
15 7.77% 7.82% 7.89% 8.05% 8.05% - -
Min Amt ` 25,000/- for 12-60 Months. For 15 Months 'Special Scheme' the minimum deposit amount is ` 100,000/-
Special Category Rate
Customer Category Special Category Benefit (A) Renewal Benefit (B) Total Benefit (A+B)
Senior Citizens 0.35% 0.25% 0.60%
Existing Customer (live/closed) 0.25% 0.25% 0.50%

* Maturity value is indicative, pretax and is for illustration purpose only.

New benefits over and above the published card rate valid upto 5 crores.

Any one of the above Special Category Benefit (0.35% or 0.25%) will be applicable. The special category rate benefit applicable on fresh deposits w.e.f. February 1, 2018.

An additional 0.35% rate of interest for senior citizens upto ` 1 crore.

There shall be a gap of two months between the first and second deposit to avail the special category benefit of 0.25% for existing customers.

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