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 to 60 months.
Fixed Deposit Type
Recurring
Systematic Deposit Plan- Monthly Maturity Scheme
Tax Benefits
None
Credit Ratings
Crisil AAA
Interest Payment Frequency
At maturity. 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
Cumulative
Features
- Minimum deposit amount of Rs 5000.
- It is a Recurring deposit in which you can make monthly deposits and all the deposits will mature after the specific tenure for the particular deposit.
- Interest payment at maturity.
- Tenure ranges from 12 to 60 months.
Minimum Investment Amount
5000
Features & Benefits
Pros
- Cumulative interest rate.
- Deposits in multiple of Rs. 5000.
Cons
- A high initial deposit requirement of Rs. 5000.
- Tenure of up to 5 years only.
Pros & Cons
How to Open?
You can open the FD online by visting the website https://www.bajajfinserv.in/
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T11:00:07Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
