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
19 to 60 months.
Fixed Deposit Type
Recurring
Systematic Deposit Plan- Single 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.
Interest payment at maturity.
Tenure ranges from 19 to 60 months.
Minimum Investment Amount
5000
Features & Benefits
Pros
Cumulative interest rate.
Deposits in multiple of Rs. 5000.
Cons
High minimum deposit requirements.
Tenure starting from 19 months.
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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