Bajaj Markets, a subsidiary of Bajaj Finserv, offers a diverse range of financial products across various verticals. These include investments, loans, insurance, and more. A fixed deposit is one of the most popular products, and you can get some of the best offers from Bajaj Markets FD partners.
You can open an FD account instantly on the Bajaj Markets platform, and choose from options like the:
· Bajaj Finance FD
· Mahindra Finance FD
· PNB Housing Finance FD
Furthermore, you can enjoy potential returns at higher interest rates of up to 8.60% p.a., ideal for both senior and non-senior citizens . Read on to know more details about Bajaj Markets FD partners and the various interest rate options you can choose from.
Bajaj Finance Fixed Deposit
Investing in a Bajaj Finance FD can help you generate handsome returns, especially if you book it for a longer duration. Here are some features, FD types, and eligibility requirements of this fixed deposit.
Features and Benefits of a Bajaj Finance FD
· I nterest rates of up to 8.60% p.a., with senior citizens getting an additional 0.25% over the base rate
· H igher interest rates with special tenor options of 15, 18, 22, 33, and 44 months
· Option to aut o-renew and continue earning high returns without having to liquidate your FD each time
Type of FD Options
With the Bajaj Finance FD, you can choose between cumulative and non-cumulative FD options. This allows you to earn a lump sum payout at maturity or regular earnings at periodic intervals.
When you opt for a cumulative FD, you can get a higher return at the end of maturity, as per the principle of compounding. However, if you are looking to get steady and regular income throughout the chosen FD tenor, you should opt for a non-cumulative FD option.
You can choose to receive your earnings on a monthly, quarterly, half-yearly or annual basis. Depending on your financial goals and requirements, you can select the FD type.
Cumulative FD Interest Rates
Check out the table to understand the cumulative rates you get when you invest in the Bajaj Finance FD.
Tenor (in months) |
Interest Rates for Non-Senior Citizens (% p.a.) |
Interest Rates for Senior Citizens (% p.a.) |
12 |
7.40% |
7.65% |
15 – 23 |
7.50% |
7.75% |
25 – 35 |
7.55% |
7.80% |
24 |
7.35% |
7.60% |
36 – 60 |
8.05% |
8.30% |
Disclaimer: These FD interest rates are subject to change at the discretion of the issuer.
Eligibility Requirements for a Bajaj Finance FD
To book a Bajaj Finance FD, you must meet the required eligibility criteria.
· You must be an Indian citizen having valid KYC documents or an NRI
· You need to be above 18 years old
· Sole proprietorships , partner ship firms, societies, trusts, or HUFs
· M inimum deposit required is ₹15,000
Mahindra Finance Fixed Deposit
The Mahindra Finance FD is also a popular option, and one you can trust to generate secured returns. Here are a few specifics of this FD.
Features and Benefits of a Mahindra Finance FD
· Lucrative interest rates of up to 8.00% p.a.
· Additional 0.3% interest rate for employees of Mahindra Group , applicable for Samruddhi FD types
· One of the most trusted NBFCs with FAAA/Stable rating by CRISIL Ra tings
Type of FD Options
You can invest in a Mahindra Finance FD under two schemes, such as Dhanvruddhi FD and Samruddhi FD. With each having its own benefits, you can choose between the m based on your investment goals and their highlighting features.
The Dhanvruddhi FD is available via online investment offering interest rates of up to 7.75% p.a. Meanwhile, t he Samruddhi FD provides interest rates of up to 7.75% p.a. for online as well as offline investment modes.
Additionally, both these Mahindra Finance FD schemes are available in cumulative and non-cumulative options. This way, you can earn monthly, quarterly, half-yearly or annual payouts as well as payout on maturity, depending on the mode you choose.
Cumulative FD Interest Rates
Here’s a table to help you understand cumulative FD rates for senior and non-senior investors.
Tenor (in months) |
Interest Rates for Non-Senior Citizens (% p.a.) |
Interest Rates for Senior Citizens (% p.a.) |
12 |
7.40% |
7.65% |
24 |
7.60% |
7.85% |
36 |
7.70% |
7.95% |
48 |
7.75% |
8.00% |
60 |
7.75% |
8.00% |
Disclaimer: These FD interest rates are the latest as of July 2023. This may change at the lender's discretion.
Eligibility Requirements for a Mahindra Finance FD
The Mahindra Finance FD is an excellent investment option if you meet the following eligibility criteria:
· You must be a r esident of India or an NRI to apply for a Mahindra Finance FD
· You must be above 18 years of age with a valid PAN card
· HUFs, trusts, sole proprietorships, partnership firms, charitable trusts, clubs, and societies
PNB Housing Finance Fixed Deposit
Here are a few essential pointers to consider when planning to invest in the PNB Housing Finance Fixed Deposit on Bajaj Markets.
Features and Benefits of a PNB Housing Finance FD
· I nterest rates of up to 7.95% p.a. with the PNB Housing Finance FD
· M inimum investment start ing from ₹10,000 for cumulative and ₹25,000 for non-cumulative
· N o maximum deposit limit
· Loan against FD facility (up to 75% of the deposit amount)
Types of FD Options
With the PNB Housing Finance FD , you can choose between cumulative and non-cumulative FD options. Furthermore, you can apply for a joint fixed deposit, NRI FD, or a corporate FD.
A joint fixed deposit scheme is open for a maximum of 3 individuals with a minimum deposit of ₹10,000. On the other hand, a corporate FD is ideal for any corporate entity, private or public companies, authorities, banks or other institutions.
Furthermore, NRI FDs are also available for Indians living abroad. These FDs have a maximum tenor of up to 3 years.
Cumulative FD Interest Rates
Check out the table for a quick overview of FD rates for both customer types.
Tenor (in months) |
Interest Rate for Non-Senior Citizens (% p.a.) |
Interest Rate for Senior Citizens (% p.a.) |
12 – 23 |
7.35% |
7.60% |
24 – 35 |
7.00% |
7.25% |
36 – 47 |
7.70% |
7.95% |
48 – 59 |
7.40% |
7.65% |
60 – 71 |
7.50% |
7.75% |
72 – 84 |
7.40% |
7.65% |
120 |
7.40% |
7.65% |
Disclaimer: These FD interest rates can vary at the discretion of the issuer.
Eligibility Requirements for a PNB Housing Finance FD
To book a PNB Housing Finance FD, you need to meet the following eligibility criteria.
· You must be an Indian resident or NRI
· You should be above 18 years of age
· Private companies, trusts, societies, firms, joint investors, and sole proprietorships
Bajaj Markets FD partners are some of the top issuers in India. Investing with them is sure to help you earn the best returns to match your investment goals. However, remember that your return also depends on the chosen tenor and deposit amount.
Use a Bajaj Markets FD calculator to compute your returns well in advance and plan your investments better.
