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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

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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