Bajaj Finance Fixed Deposit

Eligibility

The following are the eligibility criteria for opening a Bajaj Finance Fixed Deposit account:

• A resident Indian citizen or NRI or OCI, or PIO can open an FD account in Bajaj Finance
• Hindu Undivided Family (HUF) is eligible to open an FD account
• Clubs, associations, and societies are eligible to open an FD account
• Family trusts are eligible to open an FD account
• Sole proprietorships, partnership firms, and companies including group companies can also open an FD account

Documents Required

The following documents must be submitted to complete the application process:

• For individuals, the documents required to open a Bajaj Finance FD account are:
• Passport size photograph of the investor
• PAN card
• approved ID documents like Aadhaar card, Driving License, Voter ID, and Passport
• For Public or Private Limited Company, the required documents are:
• Certificate of incorporation or registration
• Memorandum and articles of association
• Board resolution for opening an account
• Company PAN
• Latest electricity bill or telephone bill or bank account statement.
• KYC of the authorized signatories.
• For a partnership firm, the required documents are:
• Certificate of registration
• PAN
• Partnership deed
• KYC of the authorized signatories.
• For Hindu Undivided Family or HUF, the required documents are:
• PAN
• Hindu Undivided Family (HUF) deed and declaration
• KYC of Karta
• For Statutory Board or Local Authorities, the required documents are:
• Copy the permission to invest granted by the Government Authority or respective Ministry
• Certificate of incorporation or registration
• PAN Card
• Latest electricity bill or telephone bill or bank account statement.
• KYC of the authorized signatories.
• For Registered societies, the required documents are:
• Certificate of incorporation or registration
• Board resolution for the investment
• PAN Card
• Latest electricity bill or telephone bill or bank account statement
• KYC of the authorized signatories

Benefits of a Bajaj Finance Fixed Deposit

The benefits of investing in a Bajaj Finance FD are:

• Financial Planning: An FD is a low-risk, safe instrument for investors to deposit their money and earn interest. This compounding helps the investors to plan their future financial and future goals in their life.
• Beating Inflation: Bajaj FD provides an interest rate of up to 6.75%. The compounding helps in beating inflation.
• Online Process: Bajaj Finance Limited provides an effortless and fast process of online FD account opening.
• Systematic Deposit Plan: Systematic Deposit Plan or SDP is a monthly saving option to make small systematic monthly deposits. The rate of interest prevailing on the date of depositing the principal is offered for its term.

How to Invest in a Bajaj Finance Fixed Deposit Account?

Bajaj Finance Limited company has two methods of FD account opening online and offline mode. They also accept deposits in three methods: offline, online, and systematic deposit plan (SDP).

Here’s how you can invest in the scheme: 

• For the offline method, you have to visit any nearest Bajaj Finserv branch and submit the application form. A complete KYC must be done along with submitting a cheque. The account becomes functional once the process is complete. You can open a fixed deposit account or a systematic deposit plan account as per your requirement.
• For the online method, you have to follow these steps:
• Visit their official website.
• Under products, click on ‘Fixed Deposit.’
• You have to click on ‘Invest Now.’
• You have to enter your mobile number and date of birth and verify the OTP to continue.
• If you are an existing customer, you just have to enter the nominee’s details to continue. In case you are a new customer, complete the KYC process by PAN or Aadhar or by uploading documents.
• Enter investment details such as investment amount, tenor, and interest payout type, and also provide your bank account details.
• Now complete the payment. You can pay using Net Banking or UPI. However, you can only deposit up to Rs 1,00,000 through UPI.
• For the online opening of a Systematic Deposit Plan (SDP) Account, you have to follow these steps:
• Visit their official website.
• Under products, click on ‘Fixed Deposit.’
• You have to click on ‘Invest Now.’
• You have to enter your mobile number and date of birth and verify the OTP to continue.
• If you are an existing customer, you just have to enter the nominee’s details to continue. In case you are a new customer, then complete the KYC process by PAN or Aadhar or by uploading documents
• Choose your preferred scheme and enter the investment details, such as deposit amount, deposit frequency, and tenor, with your bank account details. Also, select the auto-debit date for the systematic deposits. 
• Now complete the payment. You can pay using Net Banking or UPI. However, you can only deposit up to Rs 1,00,000 with UPI.

FAQ's