Fixed Deposits (FDs) are one of the safest and most popular investment options available in India. They provide guaranteed returns regardless of market volatility, making them ideal for risk-averse investors. Bajaj Finance, a trusted NBFC, offers competitive FD rates tailored to different investor needs. Let’s explore Bajaj Finance fixed deposit rates in Erandwane, Pune, and compare them with FD rates in Secunderabad, Telangana.
Understanding Bajaj Finance Fixed Deposit Plans
Bajaj Finance Fixed Deposits are designed for individuals who value safety, steady growth, and flexible tenures. The plans come with fixed interest rates that vary depending on tenure and customer category (senior citizens or regular investors). Investors often check Bajaj Finserv Fixed Deposit rates in Erandwane to explore the best options. You can choose tenures ranging from 12 to 60 months with a minimum deposit starting at ₹15,000.
Bajaj Finance FD Rates in Erandwane
Erandwane, a prominent residential and educational hub in Pune, has a growing base of professionals and retirees seeking reliable investments. Bajaj Finance offers attractive FD rates here:
Non-Senior Citizens
| Tenure in months | |||||
| At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
| 12 – 14 | 6.60% | 6.41% | 6.44% | 6.49% | 6.60% |
| 15 – 23 | 6.75% | 6.55% | 6.59% | 6.64% | 6.75% |
| 24 – 60 | 6.95% | 6.74% | 6.78% | 6.83% | 6.95% |
Senior Citizens
| Tenure in months | |||||
| At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
| 12 – 14 | 6.95% | 6.74% | 6.78% | 6.83% | 6.95% |
| 15 – 23 | 7.10% | 6.88% | 6.92% | 6.98% | 7.10% |
| 24 – 60 | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% |
Example Calculation (Erandwane)
If you invest ₹5,00,000 for 36 months:
- Regular Investor (6.95%)
Maturity Value ≈ ₹6,11,663 - Senior Citizen (7.30%)
Maturity Value ≈ ₹6,17,688
This shows how senior citizens enjoy slightly higher FD returns with Bajaj Finance.
FD Rates in Secunderabad
Secunderabad, one of Telangana’s busiest commercial centers, offers the same Bajaj Finance FD rates as Erandwane. Investors here can also access stable returns and flexible tenures.
Non-Senior Citizens
| Tenure in months | |||||
| At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
| 12 – 14 | 6.60% | 6.41% | 6.44% | 6.49% | 6.60% |
| 15 – 23 | 6.75% | 6.55% | 6.59% | 6.64% | 6.75% |
| 24 – 60 | 6.95% | 6.74% | 6.78% | 6.83% | 6.95% |
Senior Citizens
| Tenure in months | |||||
| At maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half yearly (p.a.) | Annual (p.a.) | |
| 12 – 14 | 6.95% | 6.74% | 6.78% | 6.83% | 6.95% |
| 15 – 23 | 7.10% | 6.88% | 6.92% | 6.98% | 7.10% |
| 24 – 60 | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% |
Example Calculation (Secunderabad)
If you invest ₹3,00,000 for 24 months:
- Regular Investor (6.95%)
Maturity Value ≈ ₹3,43,149 - Senior Citizen (7.30%)
Maturity Value ≈ ₹3,45,399
Thus, Secunderabad investors can also enjoy reliable and assured growth with FD Rates in Secunderabad.
Features of Bajaj Finance Fixed Deposits
- Flexible Tenures: 12 to 60 months to align with short- and long-term goals.
- Senior Citizen Benefits: Up to 7.30% p.a., higher than regular rates.
- High Credit Rating: CRISIL AAA/Stable and ICRA MAAA/Stable ensure safety.
- Loan Against FD: Option to avail loans while keeping your investment intact.
- Digital Application: Quick and paperless FD booking online.
Benefits of Choosing Bajaj Finance FD Rates
- Attractive Returns: Up to 7.30% p.a., higher than many traditional bank FDs.
- Assured Growth: Market fluctuations do not affect returns.
- Flexible Liquidity: Premature withdrawal allowed (with nominal penalty).
- Trusted NBFC: Strong reputation and financial stability for peace of mind.
Important Considerations
- Taxation: FD interest is taxable. TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
- Inflation: Returns may be lower in high-inflation years.
- Premature Withdrawals: Possible but with reduced interest earnings.
Disclaimer
This article provides general information on Bajaj Finance FD rates and is not financial advice. Investors should assess their goals, tax implications, and liquidity needs before investing. Consult a financial advisor when needed.
Conclusion
Bajaj Finance Fixed Deposits remain a preferred choice in Erandwane and Secunderabad, offering up to 7.30% p.a. for senior citizens and 6.95% p.a. for regular investors.
With flexible tenures, assured returns, and a strong safety record, Bajaj Finance FDs provide a simple, reliable way to grow your savings while ensuring financial security.
