Product Details
Bank Name
Bajaj Finance Limited
Eligibility
Account should be opened in the name of an Indian resident.
Interest Rate
Up to 8.50%
Tenure
12 months to 60 months.
Fixed Deposit Type
Regular
Bajaj Finance Fixed Deposit
Tax Benefits
None
Credit Ratings
Crisil AAA
Interest Payment Frequency
At maturity, monthly, quarterly, half-yearly, annually. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Both
Features
1. It is high-rated fixed deposit. 2. Interest is reinvested and you receive principal as well as the interest at the end of the tenure. 3 Minimum deposit can be as low as 15,000. 4. FD can be opened completely online. 5. Customer can avail loan against their FD upto 75% of the amount invested in case of cumulative FD and 60% in case of non-cumlative FD.
Minimum Investment Amount
INR 15,000
Fees and Charges
Pros
Cumulative interest rates.
Attractive interest rates.
Cons
Tenure of up to 10 years.
The minimum deposit requirement is Rs. 15000
Pros & Cons
Account Opening and Procedure
How to Open?
You can open the FD online by visting the website https://www.bajajfinserv.in/
Application Procedure
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