Bajaj Finance Ltd

 

 

 Company Overview:

 Bajaj Finance Ltd is a  FAAA rated company by CRISIL. It is the largest  2 – Wheeler financing company in the country.

 Key Features:

  • Credit Rating: Bajaj Finance Ltd is a  FAAA rated company by CRISIL
  • Tenor: Up to 60 months (Refer table)

To Download Application Form : Click Here
 

 

Fixed Deposit Annualized rate of interest for non-senior citizens
Valid for deposits up to Rs.5 crore (w.e.f 03 Apr 2024)
Table 1
Bajaj Finance Digital FD Cumulative  

Non-Cumulative

 
(available only on Bajaj Finserv App At Maturity Monthly Quarterly Half Yearly Annual
and web) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
42 months 8.6 8.28 8.34 8.42 8.6

 

Table 2
Special period Cumulative   Non-Cumulative
At Maturity Monthly Quarterly Half Yearly Annual
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
18 months 7.8 7.53 7.58 7.65 7.8
22 months 7.9 7.63 7.68 7.75 7.9
33 months 8.1 7.81 7.87 7.94 8.1
44 months 8.25 7.95 8.01 8.09 8.25

 

Table 3
Regular period Cumulative   Non-Cumulative
At Maturity Monthly Quarterly Half Yearly Annual
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
12 - 14 months 7.4 7.16 7.2 7.27 7.4
15 - 23 months 7.5 7.25 7.3 7.36 7.5
24 - 35 months 7.8 7.53 7.58 7.65 7.8
36 - 60 months 8.1 7.81 7.87 7.94 8.1

 

Fixed Deposit Annualized rate of interest for senior citizens
Valid for deposits up to Rs.5 crore (w.e.f 03 Apr 2024)
Table 4
Bajaj Finance Digital FD Cumulative   Non-Cumulative
(available only on Bajaj Finserv App At Maturity Monthly Quarterly Half Yearly Annual
and web) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
42 months 8.85 8.51 8.57 8.66 8.85

 

Table 5
Special period Cumulative   Non-Cumulative
At Maturity Monthly Quarterly Half Yearly Annual
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
18 months 8.05 7.77 7.82 7.89 8.05
22 months 8.15 7.86 7.91 7.99 8.15
33 months 8.35 8.05 8.1 8.18 8.35
44 months 8.5 8.19 8.24 8.33 8.5

 

Table 6
Regular period Cumulative   Non-Cumulative
At Maturity Monthly Quarterly Half Yearly Annual
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
12 - 14 months 7.65 7.39 7.44 7.51 7.65
15 - 23 months 7.75 7.49 7.53 7.61 7.75
24 - 35 months 8.2 7.91 7.96 8.04 8.2
36 - 60 months 8.35 8.05 8.1 8.18 8.35


*Cumulative Rate Compounded Annually


Rates above Rs.5 crore may vary from the published card rate # Minimum deposit size 25,000

Senior citizens (more than 60 years of age, subject to provision of proof of age) – Additional rate of 0.25% p.a. for deposit size up to Rs. 5 crore 


Important points: 

1. The number of tenor buckets have been increased from 3 to 9.
2. If a non-senior citizen invests for 15, 18 or 22 months, he will get rates mentioned in table 2. Apart from these 3 tenors, if he invests for any other tenor between 12 to 23 months, he will get rates mentioned in table 1. The same applies for other tenors.
3. For prematurities, rates only in tables 1 and 3 will apply. A line pertaining to this has been incorporated in T&Cs
4. We have added a self-declaration box and address field in attached FD application form to cater to re-KYC needs. It is mandatory to fill the address field for each and every fresh and renewal case.

 
 
 
For this, please follow the below grid:
 
  If Then
Primary applicant is new customer Self-declaration box is ticked Address to be filled as per customer’s KYC documents. Also fill in KYC form.
Self-declaration box is not ticked
Primary applicant is existing customer Self-declaration box is ticked Address given in customer360 to be filled. No need to fill in KYC form
Self-declaration box is not ticked Obtain customer’s updated KYC documents. Address to be filled as per customer’s KYC documents. Also fill in KYC form.
 
5. There is no need for any declaration to be signed from customer.
6. All of these rate changes are applicable to NRI deposits and SDP also
7. In the above rate grid for sr.citizen, the additional benefits won’t add up to 0.25% or 0.10% in non-cumulative modes.
8. The soft copies of forms with new rates are attached herewith.
 

Refer Disclaimer

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