Bajaj Finance Limited FD(Fixed Deposit) Interest Rates
Bajaj Finance Limited is a leading private sector NBFC that has fixed deposits schemes with attractive rates of interest. The company offers retail fixed deposits to investors looking to maximize returns on their savings through a safe and secure channel without undertaking undue risks. These FDs cater to a wide range of investors and feature interest rates that are competitive under both cumulative and non-cumulative options thereby offering the benefits of liquidity and savings.
The highly secured nature of these FDs is evident from its FAAA rating from Crisil and MAAA rating from ICRA respectively.
The updated list of Bajaj Finance Limited FD Rates, for Regular and Senior Citizen, is listed below:
||Regular FD Rate
||Senior Citizen FD Rate
||Rs. 1 Crore
||Rs. 1 Crore
|12 – 23
|24 – 35
|36 – 60
Deposits can be held for tenures varying from 1 to 5 years. Customers can deposit savings based on their liquidity requirements or personal investment requirements by choosing the appropriate tenure.
FD interest rates
Bajaj Finance offers very attractive rates of interest on FDs in keeping with general market conditions. Interest rates favour comparably against peers making them products of choice for many investors. Preferential rates are also available for senior citizens and for high value FDs.
Taxability of FD accounts
Tax saver deposits are not on offer. Also, interest is taxable as per the provisions of the the Income Tax Act, 1961.
Senior citizens special rates
Bajaj Finance provides marginally higher rates to senior citizens, subject to provision of proof of age. This can be revised as the company sees fit.
*Figures are indicative and interest rates are subject to change.
*This article is provided only for consumer information on an as is where is basis and BankBazaar does not claim or represent to be connected with Bajaj Finance Limited. For further information about any of the products mentioned above please contact Bajaj Finance Limited.