Bajaj Finance FD Rates for Senior Citizens

In fixed deposits, the interest keeps accumulating each year until the policy reaches its maturity age. Senior citizens enjoy a higher rate of interest on fixed deposits hence, ensuring a higher return. The interest rates differ for different banks, but the Bajaj Finance FD rates for senior citizens are almost 0.25% higher than the general interest rate.

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The following table shows a general overview of the Bajaj Finance FD:

Interest rate

5.65% - 6.75%

Additional interest rate for senior citizens


Duration of the FD

Between 1-5 years

Investment amount

Minimum amount: INR 25,000

Bajaj Finance FD rates for senior citizens

The following table shows the Bajaj Finance FD rates for senior citizens for a minimum investment of INR 25,000, on both – cumulative and non-cumulative basis:


Cumulative interest rates

Non - Cumulative interest rates

Annual payout

Half-yearly payout

Quarterly payout

Monthly payout

1 – 2 years






2 – 3 years






3 – 5 years






FD interest have fallen consistently over the last 5 years.
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Features of Bajaj Finance FD for senior citizens

Listed below are standard features of a Bajaj Finance FD for senior citizens:

  • Bajaj Finance allows the customers to withdraw the money in two ways – cumulative and non – cumulative. 

In the cumulative method, the customer will receive the entire interest when the deposit matures. The non-cumulative method enables the customer to receive the interest earned yearly, half-yearly, quarterly, or monthly. The non-cumulative method helps maintain liquidity and works as an income source.

  • The Bajaj Finance FD for senior citizens assures guaranteed returns on maturity. Moreover, senior citizens easily enjoy a higher return on the same amount of money invested.
  • Understanding the importance of investment, the Bajaj Finance FD aims at making the investment possible for everyone, and therefore, the minimum investment amount is as low as INR 25,000.
  • The procedure of investing is paperless and straightforward, which makes it hassle-free for everyone.
  • The investment tenure can be flexibly chosen between 1-5 years, depending on the customer's requirement.
  • The Bajaj Finance FD has the feature of enabling the customer to loan up to 75% of the FD amount in case of emergencies.
  • After the lock-in period of the first three months, customers can withdraw prematurely from the deposit.

Benefits of the Bajaj Finance FD for senior citizens

Some benefits of the Bajaj Finance FD for senior citizens are:

  • The favourable benefit of the Bajaj Finance FD for senior citizens is that it is entirely safe from market fluctuations.
  • The investment can be carried on from the comfort of home through the online procedure. Hence, the customer can do it according to their convenience. 
  • Any amount higher than INR 25,000 can be invested.
  • Bajaj Finance provides an online portal that enables investors to track the status of their investments.
  • It allows withdrawal of money in the form of a loan, ensuring that the investor's money is not locked away until the maturity of the deposit.
  • The deposit can be made quickly through simple online transactions such as through UPI or net banking.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Eligibility for investing in the Bajaj Finance FD for senior citizens

The eligibility criteria for investing in Bajaj Finance FD for senior citizens is simple:

  • The customer should be an Indian citizen.
  • The customer should be or above the age of 60.
  • The aspiring investor must be able to submit all the required documents.
  • If an NRI or PIO citizen wishes to invest, they can do so through their NRE or NRO account.

Documents required for investing in the Bajaj Finance FD for senior citizens

  • Proof of identity of the investor
  • Address proof of the investor
  • Proof of signature of the investor
  • Recent passport-sized photographs of the investor
  • Carefully filled application form

Factors that affect the Bajaj Finance FD rates for senior citizens

Some factors responsible for changing FD rates are:

  • Money invested: For senior citizens, the interest rate of 6.75%, including the additional rate of 0.25%, is on a minimum investment of INR 25,000. If an investor invests a higher sum, then the rate of interest that they will receive will be higher. Therefore, the loan amount and the interest rate are directly proportional.
  • Investment duration: This is again directly proportional. It means a higher rate of interest is offered for a more extended invested period.
  • Method of payout: As discussed above, there are two payout methods, cumulative and non-cumulative. In the cumulative method, the interest amount earned gets compounded yearly. This ensures higher returns. However, if an investor opts for the non-cumulative approach, then their return might go down as well as the rate of interest.
  • Age of the investor: As discussed already, senior citizens get higher assured returns on the same amount of money invested compared to non-citizen customers. Therefore, the age of the investor also directly affects the FD rates.


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