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Bajaj Finserv Fixed Deposit Interest Rates 2022

Home Bajaj Finserv Bajaj Finserv Fixed Deposit Interest Rates 2022

Bajaj Finserv offers FD interest rates of 5.85-7.35% p.a. to the general public and 6.10-7.60% p.a. to senior citizens on tenures ranging from 12 days to 5 years. For its NRI customers, Bajaj Finserv offers NRI fixed deposit product at interest rates ranging from 5.85-7.20% on tenures ranging from `12 months to 5 years. This NBFC has been accredited with a credit rating of FAAA/Stable by CRISIL and MAAA/Stable by ICRA.

Updated: 20-06-2022 07:09:03 AM

Bajaj Finserv FD Interest Rates Highlights 2022

Highest slab rate7.35% p.a. (for 44 months)
For 1 year5.85% p.a.
For 2 years6.60% p.a.
For 3 years7.20% p.a.
For 4 years7.20% p.a.
For 5 years7.20% p.a.
Tax-Saving FD–

Interest rates are updated as of 14 June 2022

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Following are the credit ratings given by some of the agencies to Bajaj Finserv:

Credit Rating Agency Credit Rating
ICRAMAAA/Stable
CRISILFAAA/Stable

Bajaj Finserv FD Rates 2022

Bajaj Finserv Fixed Deposit Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crore for Regular Citizens w.e.f. 14 June 2022

Tenor in monthsMinimum Deposit Amount (in Rs.)Cumulative
Interest Rate (% p.a.)		Non-Cumulative Interest Rates (% p.a.)
MonthlyQuarterlyHalf-YearlyAnnual
12 – 2315,0005.855.705.735.775.85
24 – 356.606.416.446.496.60
36 – 607.206.977.017.087.20

Special FD Interest Rates for Cumulative Deposits w.e.f. 14 June 2022

TenorInterest Rates (% p.a.)
Regular CitizensSenior Citizens
15 months6.056.30
18 months6.156.40
22 months6.306.55
30 months6.706.95
33 months6.957.20
44 months7.357.60

Bajaj Finserv FD Interest Rates on Domestic Deposits from Rs 15,000 to Rs 5 crore for Senior Citizens w.e.f. 14 June 2022

Tenor in monthsMinimum Deposit (in Rs.)Cumulative Interest Rates (% p.a.)Non-Cumulative Interest Rates (% p.a.)
MonthlyQuarterlyHalf YearlyAnnual
12 – 2315,0006.105.945.976.016.10
24 – 356.856.646.686.746.85
36 – 607.457.217.257.327.45

Special FD Interest Rates for Non-Cumulative Deposits for Regular Citizens w.e.f. 14 June 2022

TenorInterest Rates (% p.a.)
MonthlyQuarterlyHalf YearlyAnnual
15 months5.895.925.966.05
18 months5.986.016.066.15
22 months6.136.166.206.30
30 months6.506.546.596.70
33 months6.746.786.836.95
44 months7.117.167.227.35

Special FD Interest Rates for Non-Cumulative Deposits for Senior Citizens w.e.f. 14 June 2022

TenorInterest Rates (% p.a.)
MonthlyQuarterlyHalf YearlyAnnual
15 months6.136.166.206.30
18 months6.226.256.306.40
22 months6.366.406.456.55
30 months6.746.786.836.95
33 months6.977.017.087.20
44 months7.357.397.467.60

NRI Fixed Deposit Interest Rates of deposits from Rs 15,000 to Rs 5 crores w.e.f. 14 June 2022

Tenor in monthsMinimum Deposit (in Rs.)Cumulative Interest Rates (% p.a.)Non-Cumulative Interest Rates (% p.a.)
MonthlyQuarterlyHalf YearlyAnnual
12 – 2315,0005.855.705.735.775.85
24 – 356.606.416.446.496.60
367.206.977.017.087.20

Types of Bajaj Finserv FD Schemes

Regular Fixed Deposits

  • Minimum deposit amount: Rs 25,000
  • Tenure: 12 to 60 months
  • Additional 0.25% interest rates are offered to senior citizen FD depositors
  • Date for interest payments:
    • In case of non-cumulative deposits:
      • Monthly interest payments: last date of the month
      • Quarterly interest payments: 31st March, 30th June, 30th September and 31st December
      • Half yearly interest payments: 31st March and 30th September
      • Annual interest payments: 31st March
    • In case of cumulative deposits: the date of maturity of the deposit
  • Nomination facility is available
  • ‘Loan against the deposit’ facility is available after 3 months from the date of deposit
  • The loan amount cannot exceed 75% of the deposit amount
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NRI Fixed Deposits

  • Eligibility: Non-residents Indians (NRIs), overseas citizens of India and person of Indian origin (PIO)
  • Depositors can invest through an NRO bank account
  • Tenor: 1 year to 3 years

Premature Withdrawal of Fixed Deposits

  • Deposits can be prematurely withdrawn after a minimum lock-in period of 3 months
  • No interest will be paid if depositors withdraw the deposit after 3 months but before 6 months from the date of the deposit
  • In case the deposits are withdrawn after 6 months but before the date of maturity of the deposit, interest will be paid after deducting penal rate of 2% on the rate specified for the period during which the deposit has been opened.
  • In case no rate is specified for the deposit period, the interest rate will be paid 3% lower than the lowest rate being offered by the company
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FD Calculator

Bajaj Finserv FD Interest Rates Calculator can be used to check the interest and maturity amount that the depositor will get when the tenure ends. Fixed Deposit offer higher interest rates than savings accounts and is secure than other investment options (like mutual funds and stocks). Any individual who desires to invest in a fixed deposit account needs to provide the amount that he/she wish to invest, Bajaj Finserv FD rate and the deposit tenure that he/she wishes to invest for. After providing these details, the investor can check the potential returns and can compare it with other bank FD rates as well.

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