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Bajaj Finance FD Detail (Fixed Deposit Rates and Review)

Incorporated in 1987, Bajaj Finance Ltd (Bajaj Finance, formerly Bajaj Auto Finance Ltd) is a subsidiary of Bajaj Finserv Ltd, the financial services arm of the Bajaj group. Registered with Reserve Bank of India (RBI) as a systemically important deposit-taking non-banking finance company, Bajaj Finance initially provided loans for two-and three-wheelers (manufactured by Bajaj Auto Ltd; Bajaj Auto). Since then, Bajaj Finance has entered other lending segments, and become a significant player in the retail asset-financing industry.

Bajaj Finance's diversified product suite now comprises nine business lines - vehicle loans (two-and three-wheelers, manufactured by Bajaj Auto), consumer durable loans, personal loans (cross-sales and for salaried), mortgage loans (home loans and loans against property; LAP), small business loans, construction equipment loans, loans against securities (LAS), infrastructure loans, and loans to Bajaj Auto's vendors. Bajaj Finance is the largest financier of two-wheelers and consumer durables in India." Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending.

Profits and Dividends (in ₹ Crores)

31st March, 2019 31st March 2018 31st March 2017
Profit Before Tax 6,035.30 4,056.36 2,817.52
Profit After Tax 3,890.34 2,646.70 1,836.55
Dividend % 300 200 180

Bajaj Finance FD Detail

Company Name Bajaj Finance Ltd
FD Type Cumulative, Non Cumulative
Tenor 12 months to 60 months
Rating 'FAAA' by CRISIL / 'MAAA' by ICRA
Minimum Amount (INR) 25,000
Additional in multiple of 1000
Interest Rates (Min) 7.60% p.a.
Interest Rates (Max) 8.10% p.a.
Additional Interest For Senior Citizens +0.25%
Additional Interest For Employee +0.10%
Additional Interest For Others +0.10% for existing policy holder of Bajaj Allianz
Interest Payment Dates

Non-cumulative Deposits:

  • Monthly: Last date of the month
  • Quarterly: 31st Mar, 30th Jun, 30th Sep and 31st Dec
  • Half-yearly: 31st Mar and 30th Sep
  • Annual: 31st Mar

Cumulative Deposits:

  • Date of maturity of the Deposit
Auto-Renewal Facility Yes
Renewal Rate Benefit +0.10%
Multi Deposit Facility Yes
NRI Allowed No
Loan against FD Available? Yes
Invest Using Debit Card Yes
Interest on Loan (Yearly) 2% above the interest rate
CFD Calculator Yes
Online Application Process Yes

Bajaj Finance FD Interest Rates

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Annual (p.a.) Interest (p.a.)
12-23 7.35% 7.39% 7.46% 7.60% 7.60%
24-35 7.63% 7.68% 7.75% 7.90% 7.90%
36-60 7.81% 7.87% 7.94% 8.10% 8.10%

CFD Rating Details

This offer is rated 'FAAA' by CRISIL. The rating of CFDs indicate that Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

This offer is rated 'MAAA' by ICRA. This indicates Highest safety/Lowest credit risk.

Bajaj Finance FD Form

Bajaj Finance FD Ratings

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Bajaj Finance FD Banking Details

The amount should be deposited only by cheque or debit card made payable to 'BAJAJ FINANCE LTD - ACCOUNT NUMBER 00070350006738' and crossed 'Account Payee only'. Application Form along with the necessary remittance should be sent to the Distributors of the Fixed Deposit Schemes of BFL or be submitted at any of the BFL branches.

For NEFT/RTGS, please use the following details:
Beneficiary Name: Bajaj Finance Ltd,
Bank account no.: 00070350006738,
Account type: current account,
Bank Name: HDFC Bank Ltd,
IFSC: HDFC0000007,
Bank branch: 885,
Bhandarkar Road, Pune-411004

Bajaj Finance FD Contact Details

Bajaj Finance Ltd
4th Floor, Bajaj Finserv Corporate Office,
Off Pune-Ahmednagar Road,
Viman Nagar, Pune - 411014

Phone: +91 20 30186403
Email:
Website: https://www.bajajfinserv.in/corporate-bajaj-financ

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Bajaj Finance FD Interest Rates

Bajaj Finance FD Detail

CFD Name Bajaj Finance Ltd
CFD Rating 'FAAA' by CRISIL / 'MAAA' by ICRA
Minimum Amount (INR) 25,000
Additional in multiple of 1000
CFD Interest Rates (Min) 8.10% p.a.
CFD Interest Rates (Max) 7.60% p.a.
Additional Interest For Senior Citizens +0.25%
Additional Interest For Others +0.10% for existing policy holder of Bajaj Allianz
Interest Payment Dates

Non-cumulative Deposits:

  • Monthly: Last date of the month
  • Quarterly: 31st Mar, 30th Jun, 30th Sep and 31st Dec
  • Half-yearly: 31st Mar and 30th Sep
  • Annual: 31st Mar

Cumulative Deposits:

  • Date of maturity of the Deposit

Bajaj Finance Ltd FD Interest Rates

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Annual (p.a.) Interest (p.a.)
12-23 7.35% 7.39% 7.46% 7.60% 7.60%
24-35 7.63% 7.68% 7.75% 7.90% 7.90%
36-60 7.81% 7.87% 7.94% 8.10% 8.10%

Special Category Rate

Customer Category Special Category Benefit (A) Renewal Benefit (B) Total Benefit (A+B)
Senior Citizens 0.25% 0.10% 0.35%
Existing Customer (live/closed) 0.10% 0.10% 0.20%






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