Bajaj Finance introduces a special 39-month FD with a return of up to 7.85%
One of the great ways to grow your corpus is to add a low-risk investment option to your portfolio. A fixed deposit is not only a popular option among investors of all ages, but also a smart savings tool.
With the steady rise in repo rates, currently up by 35 basis points to 6.25%, many issuers offer competitive interest rates on fixed deposits. Among them, Bajaj Finance FD rates have a prominent standing in the market. These rates not only offer high returns on regular tenors from 1 to 5 years, but also on special tenors such as 39 months and 44 months.
The Bajaj Finance FD rates were recently hiked by 25bps, and you can earn up to 7.95% on your fixed deposit. What’s more, you can estimate your returns using the Bajaj Finance FD calculator and open an FD knowing fully that you will get your returns at maturity.
Read on to know how you can generate the maximum returns with Bajaj Finance FD rates.
Pick the longest tenor possible to enjoy some of the highest rates
Choosing a lengthy tenor is the ideal option when your goal is to increase earnings. The amount you invest, the tenor you select, and the payout frequency you choose play a crucial role in generating higher returns.
To start with, opt for a cumulative FD with a lengthy tenor to get maximum benefits from interest compounding. The simple logic here is that the longer you keep your fixed deposit, the more you earn.
While issuers also offer non-cumulative payout modes, Bajaj Finance FD rates with this option are lower when compared to the cumulative type. This is because while interest earnings get reinvested in a cumulative FD, it does not happen in the case of a non-cumulative FD.
This table will help you understand how Bajaj Finance FD rates change with the tenor you choose in case of cumulative deposits.
| Tenor in months | Interest rates (at maturity) for non-senior investors | Interest rates (at maturity) for senior investors |
| 12-14 | 6.80% p.a. | 7.05% p.a. |
| 24-29 | 7.25% p.a. | 7.50% p.a. |
| 31-32 | 7.25% p.a. | 7.50% p.a. |
| 45-60 | 7.50% p.a. | 7.75% p.a. |
If you choose the monthly payout mode, you get an interest rate of 6.60% p.a. for a tenor of 12-14 months compared to the Bajaj Finance FD rates of 6.80% p.a. for cumulative deposits.
In the case of senior citizens, too, for the same tenor of 12-14 months, you get a monthly payout at an interest rate of 6.83% p.a. compared to 7.05% p.a. for the cumulative mode.
To understand how picking a lengthy tenor and a cumulative FD can generate higher returns for a non-senior citizen, consider an investment of Rs.4 Lakhs.
| Tenor in months | Rate of Interest | Total Interest earnings | Maturity Amount |
| 24 | 7.25% | Rs. 60,103 | Rs.4,60,103 |
| 45 | 7.50% | Rs.1,24,616 | Rs.5,24,616 |
*Disclaimer: These rates have been calculated using the Bajaj Finance FD calculator
Consider the same investment of Rs.4 Lakhs for a senior citizen:
| Tenor in months | Rate of Interest | Total Interest earnings | Maturity Amount |
| 24 | 7.50% | Rs. 62,250 | Rs.4,62,250 |
| 45 | 7.75% | Rs.1,29,206 | Rs.5,29,206 |
*Disclaimer: These rates have been calculated using the Bajaj Finance FD calculator
With the help of the online Bajaj FD calculator, it is a simple task to compute your interest earnings. Once you check different tenors, book an FD at some of the best Bajaj Finance FD rates to grow your portfolio.
Opt for a special tenor to optimise returns
You will notice a hike in Bajaj Finance FD rates on choosing special tenors. Now you can earn up to 7.85% p.a. when you choose a special tenor of 39 months and up to 7.95% when you choose 44 months.
Take a look at the Bajaj Finance FD rates for special tenors.
| Tenor in months | Special FD interest rates (at maturity) for non-seniors | Special FD interest rates (at maturity) for seniors |
| 15 | 6.95% p.a. | 7.20% p.a. |
| 18 | 7.00% p.a. | 7.25% p.a. |
| 22 | 7.10% p.a. | 7.35% p.a. |
| 30 | 7.30% p.a. | 7.55% p.a. |
| 33 | 7.30% p.a. | 7.55% p.a. |
| 39 | 7.60% p.a. | 7.85% p.a. |
| 44 | 7.70% p.a. | 7.95% p.a. |
Here’s a comparison of the earnings for an investment amount of Rs.4 Lakhs for 38 months vs 39 months for a non-senior investor.
| Tenor in months | Rate of interest | Total interest earned |
| 38 | 7.50% | Rs.1,02,945 |
| 39 | 7.60% | Rs.1,05,985 |
*The results were calculated using the Bajaj Finance FD calculator
Consider an investment of Rs.5 lakh for a senior investor keeping all other parameters the same.
| Tenor in months | Rate of interest | Total interest earned |
| 38 | 7.75% | Rs.1,33,322 |
| 39 | 7.85% | Rs.1,37,274 |
*The results were calculated using the Bajaj Finance FD calculator
The difference in earnings is significant, making it well worth it for you to opt for a special tenor when investing in this fixed deposit.
With high ratings from CRISIL and ICRA, your funds are secure with Bajaj Finance. Thanks to the high Bajaj Finance FD rates, you can maximise your earnings within a specific timeline. This helps you enjoy lucrative returns along with financial security, so get started today!
