Bajaj Finserv Fixed Deposit is a suitable investment option for those looking to grow their savings, and at the same time want safety and stability of their principal amount. The company offers attractive interest rates of up to 8.70% on fixed deposits, and choice of tenor between 12 months and 60 months. Its fixed deposit comes with some of the best features and benefits, allowing the account-holder to enjoy a hassle-free investment experience.
About Bajaj Finserv: Baja Finserv was established in April 2007, as a result of its demerger from Bajaj Auto. This was undertaken with the intent to further the Group’s interests in financial services, allowing Bajaj Finserv to independently run the lending, protection and savings businesses. The company caters to millions of users in the financial services space by offering solutions for asset acquisition via financing, asset protection through nonlife insurance, family protection and income protection.
(Note – All the information contained in this page has been sourced from the official website of Bajaj Finserv.)
| Tenor in months | Minimum deposit | Cumulative | Non-Cumulative Monthly | Non-Cumulative Quarterly | Non-Cumulative Half Yearly | Non-Cumulative Annual |
|---|---|---|---|---|---|---|
| 12 – 23 | Rs. 25,000 | 8.35% | 8.05% | 8.10% | 8.18% | 8.35% |
| 24 – 35 | Rs. 25,000 | 8.40% | 8.09% | 8.15% | 8.23% | 8.40% |
| 36 – 60 | Rs. 25,000 | 8.70% | 8.37% | 8.43% | 8.52% | 8.70% |
Source: Bajaj Finserv website Note: Interest rates are subject to change as per the discretion of the bank from time to time.
Rate benefits - customer category (w.e.f. 03 Sep 2019):
Interest rates offered on fixed deposit interest for senior citizens
The features and benefits of Bajaj Finance Fixed Deposit are as under:
The following entities are eligible to apply for a Bajaj Finance Fixed Deposit:
An individual seeking to open a fixed deposit account with Bajaj Finserv would be required to submit proof of identity and proof of address. Documents that can serve as identity proof include - PAN Card, Aadhaar Card, Voter’s ID, etc., while those that can serve as address proof are Ration Card, Electricity or LPG bill, Bank Statement, etc.
The list of documents to be submitted will vary on the basis of the nature of the entity. For instance, a Public or private limited company would need to provide PAN, KYC documents, Certificate of incorporation, Memorandum and Articles of Association, Board resolution for opening the FD account and ID proofs of authorised signatories. A HUF would have to handover Certified KYC documents, Self-attested PAN card bearing the name of the HUF, Deed of declaration of HUF, Bank account statement/DEMAT statement in the name of the HUF and KYC documents for all adult members of HUF.
Prior to sending an application, entities are advised to go through the list of documents mentioned on the website of Bajaj Finserv.
Those seeking to open a fixed deposit account with Bajaj Finserv would have to follow the below steps:
Is Bajaj Finserv safe for FD?
Bajaj Finance Fixed Deposit carries FAAA/Stable rating by CRISIL and MAAA (stable) rating by ICRA.
How can I invest in Bajaj Finserv FD?
To open an FD account with Bajaj Finserv, individuals will have to submit the duly-completed application form, KYC documents and other documents as may be required by the company depending on the type of applicant. Once the documents are verified, an FD account will be booked in the name of the depositor.
