Bajaj Finance Fixed Deposit Scheme

Bajaj Finance Limited, a subsidiary of Bajaj Finserv, offers a Fixed Deposit (FD) scheme that combines attractive interest rates with the credibility of a leading nonbank financial company (NBFC) in India. The scheme is designed for both retail investors and salaried individuals who want a secure, short to mediumterm investment option.

Why Choose Bajaj Finance FD?

• Higher Returns: Interest rates generally surpass those offered by banks for comparable tenures.
• Flexibility: Tenures from 7 days up to 5 years, with the ability to add additional amounts during the tenure (cumulative FD).
• Safety: Regulated by the Reserve Bank of India (RBI) and backed by Bajaj Finservs robust credit profile.
• Easy Operations: Online application, autodebit facility, and instant maturity statements.
• Tax Benefits: Eligible for tax deduction under Section 80C for deposits up to 1.5lakh per financial year (subject to prevailing tax laws).

Key Features

Attribute	Details
Minimum Deposit	10,000 (1,000 for senior citizens)
Maximum Deposit	25crore per customer
Tenure Range	7 days to 5 years
Interest Payout	Monthly, Quarterly, HalfYearly, or Maturity
Premature Withdrawal	Allowed after 30 days with a penalty (usually 0.5% on interest earned)
AutoRenewal	Optional; can be set at the time of opening
Nomination	Allowed as per regulatory guidelines

Interest Rates (as of April2026)

Rates are subject to periodic revision by Bajaj Finance. The following table reflects the prevailing rates for regular and senior citizen deposits.

Tenure	Regular Rate (p.a.)	Senior Citizen Rate (p.a.)
7days 30days	3.75%	4.00%
31days 90days	4.00%	4.25%
91days 180days	4.25%	4.50%
181days 1year	4.50%	4.75%
1yr 3yr	5.00%	5.25%
3yr 5yr	5.50%	5.75%

Eligibility Criteria

• Individual Indian residents (NRIs are not eligible).
• Age: 18 years and above (senior citizen category: 60+ for males, 58+ for females).
• Valid PAN card and Aadhaar linked to the bank account.
• KYCcompleted account with any bank (for autodebit of the deposit amount).

How to Open a Bajaj Finance FD

1. Visit the Official Website: Go to Bajaj Finance Fixed Deposit page.
2. Log in / Register: Existing Bajaj Finserv customers can use their user ID and password; new users must create an account.
3. Select Tenure & Amount: Choose the preferred tenure, deposit amount and interest payout frequency.
4. Provide KYC Details: Upload PAN, Aadhaar, and a recent photograph if required.
5. Set Up Payment: Choose autodebit from your bank account or make a onetime NEFT/IMPS transfer.
6. Confirm & Receive Certificate: After verification, a digital FD certificate is generated and sent via email/SMS.

Partial Withdrawal & TopUp

Bajaj Finance permits partial withdrawals after 30 days from the date of deposit, subject to a penalty of 0.5% on the interest earned for the withdrawn portion. The topup (cumulative FD) option allows additional deposits during the original tenure, which are treated as a separate subdeposit with its own interest calculation.

Taxation

• Interest Income: Taxed as per the investors slab rate. TDS (Tax Deducted at Source) of 10% is applicable if interest exceeds 40,000 in a financial year.
• Section 80C Deduction: Investments up to 1.5lakh qualify for deduction under Section 80C, reducing taxable income.
• Senior Citizens: Senior citizens can claim additional deduction for interest earned up to 50,000 under Section 80TTB.

Risks and Considerations

• Being an NBFC, the deposit is not covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance unlike bank FDs.
• Early withdrawal penalties can erode returns.
• Interest rates are fixed for the tenure; market movements will not affect the lockedin rate.
• Liquidity is lower compared to a savings account; plan cash needs before locking funds.

Comparison with Bank Fixed Deposits

Aspect	Bajaj Finance FD	Typical Bank FD
Interest Rate (1yr)	4.50% 5.00%	3.50% 4.25%
Deposit Insurance	None (NBFC)	Covered up to 5lakh (DICGC)
Minimum Deposit	10,000	5,000 10,000
Premature Withdrawal Penalty	0.5% on interest	0.5% 1% on interest
Online Process	Full endtoend digital	Varies; many banks now offer digital

Frequently Asked Questions

1. Can a nonresident Indian (NRI) open a Bajaj Finance FD?

No. The scheme is currently available only to resident Indian individuals.

2. How is interest credited?

Interest can be credited to the linked bank account at the chosen frequency (monthly, quarterly, halfyearly, or at maturity). For monthly payouts, the amount is transferred on the scheduled date each month.

3. What documents are required?

PAN card, Aadhaar card (or any other governmentissued ID), a recent passportsize photograph, and a cancelled cheque of the bank account for autodebit.

4. Is premature closure allowed?

Yes, after 30 days with a penalty of 0.5% on accrued interest. The principal amount is returned in full.

5. Does the FD earn cumulative interest?

Interest is simple (noncumulative) unless you opt for a cumulative FD, where interest is added to the principal and compounds for the remaining tenure.

Conclusion

Bajaj Finance Fixed Deposit Scheme offers a compelling blend of higher interest rates, flexible tenures, and convenient digital onboarding. While the lack of deposit insurance introduces a modest risk element, the companys strong credit rating and regulatory oversight make it a viable alternative to conventional bank FDs, especially for investors looking to maximise returns on shorttomedium term funds. As always, assess your liquidity requirements, risk tolerance, and tax position before locking in any deposit.

For the most uptodate rates and terms, visit the official Bajaj Finance FD page or contact their customer service.