Bajaj Finance Fixed Deposit (FAAA/Stable by CRISIL and MAAA/Stable by ICRA)

Company Overview :

Bajaj Finserv was formed in April 2007
Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group
Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending

Unique features of investing through ICICIdirect.com :

E-FDR : Electronic certificate for your investment
Online Nomination : No need to fill or send physical nomination form
Online Renewal : Renewals can be done online without paper work
Auto Credit : Direct credit of interest and maturity proceeds in the registered bank a/c

Who can invest?

Online : Resident Individuals & HUFs
Offline : Resident Individuals, HUFs, NRIs,Trusts, Domestic Companies, Minor

Bajaj Finance FD interest rates (w.ef. Feb 1, 2021)

Tenure	Non - Cumulative Scheme				Cumulative Scheme
Period	Monthly (p.a.)	Quarterly (p.a)	Half Yearly (p.a.)	Annual (p.a.)	Interest (p.a.)	Effective Yield (p.a.)	Approx. maturity value for ` 5 Lacs*
12-23	5.98%	6.01%	6.06%	6.15%	6.15%	-	-
24-35	6.41%	6.44%	6.49%	6.60%	6.60%	-	-
36-60	6.79%	6.82%	6.88%	7.00%	7.00%	-	-

* Maturity value is indicative, pretax and is for illustration purpose only.

The above rates are applicable for Individuals and HUFs only.

Renewal benefit of 0.10% will be available to individual customers only.

An additional 0.25% rate of interest for senior citizens upto ` 5 crores.