Fixed Deposit 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
Features & Benefits
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 Procedure
How to Open?
You can open the FD online by visting the website https://www.bajajfinserv.in/
Application Procedure
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