Fixed deposits have long been a go-to investment option for Indian retirees—and for good reason. With assured returns, no market-linked risk, and flexible tenures, they provide a dependable income stream after retirement. Among the many options available, Bajaj Finance Fixed Deposit stands out for its blend of attractive interest rates and high safety ratings, making it a smart choice for senior citizens.
With a maximum interest rate of up to 7.95% p.a., Bajaj Finance offers one of the most rewarding fixed deposit schemes in the NBFC space. The minimum investment starts at just Rs. 15,000, making it accessible to a wide range of investors, including retirees looking to park their life savings securely.
Here’s what makes Bajaj Finance FD a reliable option for senior investors:
● Special interest rates for senior citizens
● Flexible tenures ranging from 12 to 60 months
● Cumulative and non-cumulative options
● High credit ratings from CRISIL (AAA/Stable) and ICRA (AAA)
Whether you’re looking for regular income or aiming to grow your savings over time, Bajaj Finance FDs offer the flexibility to match your financial goals.
Senior citizens benefit from slightly higher interest rates compared to the general public, helping them earn more over the long term. A senior citizen FD, for instance, offers attractive returns and added stability. For instance, a cumulative FD with Bajaj Finance at a tenure of 18 months can offer up to 7.95% p.a., depending on the age of the customer.
Let’s say you invest Rs. 5 lakh in a cumulative FD—by the end of 18 months, you could earn a significant corpus, all while avoiding market volatility.
Not all retirees want to wait until maturity to access their returns. That’s where non-cumulative FDs from Bajaj Finance come in. These allow you to receive your interest earnings monthly, quarterly, half-yearly, or annually—helping you cover regular expenses like medical bills, utility payments, or daily essentials.
For example, an investment of Rs. 10 lakh in a non-cumulative FD with a monthly payout could generate steady income throughout the chosen tenure—perfect for retirees who prioritize liquidity.
The Bajaj Finance FD Calculator is an excellent online tool that lets investors estimate their returns in seconds. All you need to do is:
1. Visit the official FD calculator page.
2. Enter your investment amount and tenure.
3. Choose between cumulative or non-cumulative options.
4. View your expected maturity amount and interest earnings instantly.
This tool is especially helpful for senior citizens who want to align their investments with specific monthly or long-term financial needs.
For any investor, especially seniors, safety is non-negotiable. Bajaj Finance FDs come with AAA ratings from both CRISIL and ICRA—signifying the highest level of credit safety. What’s more, the fully digital application process ensures convenience and transparency.
With a fixed deposit book of over Rs. 50,000 crore, Bajaj Finance is among the most trusted names in India’s NBFC sector.
Whether you're planning for monthly income or looking to grow your retirement savings securely, Bajaj Finance Fixed Deposit offers the perfect mix of safety, flexibility, and returns. With rates of up to 7.95% p.a. and a starting investment of just Rs. 15,000, it's a sound financial move for anyone prioritizing stability in their golden years.
Start your FD journey with Bajaj Finance today and give your retirement corpus the growth and security it deserves.
Disclaimer: This content is part of a marketing initiative. No TNIE Group journalists were involved in the creation of this content.