Bajaj Finance Hikes FD Rates, Highest Rates Now Is 6.60%

Bajaj Finance is one of the leading Non-Banking Financial Institutions of India with high credit ratings given by top credit agencies. The company provides fixed deposit schemes to its customers with attractive interest rates and the highest fixed deposit rates offered by Baja Finance is 6.60% for individuals who are less than 60 years old. On the other hand, senior citizens are eligible to earn an interest rate of 6.85% on the fixed deposits for the tenure of 36 months.

Bajaj Finance FD Rates 2021

Tenure (in Months)

Non-Senior Citizens

Senior Citizens

12 – 23

5.94% - 6.10%

6.17% - 6.35%

24 – 35

6.13% - 6.30%

6.36% - 6.55%

36 – 60

6.41% - 6.60%

6.64% - 6.85%

Rate of Interest for Fixed Deposits 2021

The advantages of investing in a fixed deposit scheme offered by Bajaj Finance are more than the highest fixed deposit rates as you are eligible to invest for a flexible tenure, it provides the facility of multi-deposit, periodic pay-outs of interest, easy loan against FD, and facility of auto-renewal. People who are less than 60 years can earn an FD rate of interest as high as 6.60% and senior citizens can get the highest FD rates of 6.85%. These are the highest rate of interest offered in India. In this way, with Bajaj Financial FD, you can expect the hassle-free experience of investment along with the advantages of growing your investment with one of the best FD rates in India.

You can start your investment journey with Bajaj Finance FD right now and can make your savings grow easily. For those who are looking for investment in a fixed deposit scheme, they can consider Bajaj Finance FDs that offer the below-mentioned interest rates for cumulative fixed deposits that are effective from 02nd November 2020.

So, start your journey of investment with Bajaj Finance FD and make your savings grow steadily:

Annual Interest Rate Valid for Deposits Up to Rs.5 Crore (W.E.F. 02nd Nov 2020)

Tenure (In Months)


Minimum Deposit (Rs.)




























The customers who open Bajaj Finance FD online get an additional rate of interest of .10%.

Note: The senior citizens investing in Bajaj Finance fixed deposit scheme get an additional 0.25% despite the mode of investment.


In the case of online renewal, a .10% additional rate of interest over the applicable interest rate is paid.

Non-Cumulative Vs. Cumulative FD

In the cumulative fixed deposit scheme, the interest is paid at the time of maturity, whereas in non-cumulative fixed deposits interest is payable on a yearly, half-yearly, quarterly, and monthly basis.

Bajaj Finance 2021 FD Rates for NRIs

NRIs can also reap the benefits of Bajaj Finance fixed deposits and then grow their savings with guaranteed returns up to 6.60% for people who are under 60 years. The rate of interest is 6.85% for senior citizens. NRIs can get the benefits of periodic options for pay-outs along with flexible policy term that ranges from 12 months to 36 months. Mentioned below is the table of the latest fixed deposit rates of interest for NRIs:

Tenure (Months)

FD Interest Rates

Senior Citizen FD Rate of Interest

12 – 23

5.94% - 6.10%

6.17% - 6.35%

24 – 35

6.13% - 6.30%

6.36% - 6.55%


6.41% - 6.60%

6.64% - 685%

The minimum amount that you have o deposit in your Bajaj Finance FD is Rs. 25,000 and as you can see from the aforementioned tables that it offers a flexible tenure range that starts from 12 months.

How Much Interest Will You Get in Five Years?

If you invest in a Bajaj Finance Fixed Deposit scheme for five years, you can grow your savings to up to 40%. Let us take an example to understand this. Suppose you have invested Rs. 1,00,000 for five years in the Bajaj Finance Fixed Deposit scheme. Mentioned below is the table that can help you to understand the amount of interest that you will earn after five years:

Type of Customer

Rate of Interest

Interest Amount

Growth in Savings

For Non-Senior Citizens (Who are Investing Offline)


Rs. 40,912


For Non-Senior Citizens (Who are Investing Online)


Rs. 41,571


Senior Citizens


Rs. 42,564


The company provides an attractive rate of interest for five years and it enables you to grow your savings easily.

The company offers an attractive rate of interest for five years fixed deposit scheme. Those who invest offline get approximately 40% more amount in return. However, those who invest online are eligible to grow their savings to 41%, whereas the senior citizens can grow their invested money to 42%.

You may like to Read: Canara Bank FD Rates

The Final Words!

The fixed deposit schemes offered by Bajaj Finance have got ‘FAAA/Stable’ accreditation by CRISIL and 'MAAA (Stable)' rating by ICRA. This indicates the highest level of safety concerning timely interest payment and principal on the instrument.

Written By: PolicyBazaar - Updated: 12 January 2021
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