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Bajaj Finance Limited is the consumer finance lending arm of Bajaj Finserv Limited. It is a diversified NBFC and the largest financier of consumer durables in India making it one of the most profitable firms in the category.

Rating - CRISIL FAAA, ICRA MAAA

Rate Per Annum Valid up to ₹ 5 Crore
Period (months) Cumulative Non-cumulative
Monthly Quarterly Half-Yearly Yearly
12 - 23 8.00% 7.72% 7.77% 7.85% 8.00%
24 - 35 8.05% 7.77% 7.82% 7.89% 8.05%
36 - 60 8.35% 8.05% 8.10% 8.18% 8.35%
Rate Per Annum Valid up to ₹ 5 Crore
Period (months) Cumulative Non-cumulative
Monthly Quarterly Half-Yearly Yearly
12 - 23 8.00% 7.72% 7.77% 7.85% 8.00%
24 - 35 8.05% 7.77% 7.82% 7.89% 8.05%
36 - 60 8.35% 8.05% 8.10% 8.18% 8.35%
Senior Citizens (more than 60 years of age, subject to provision of proof of age) – Additional rate of 0.35% p.a. for deposit size up to ₹ 5 Crore
Bajaj Group Employees – Additional rate of 0.10% p.a. (BHIL, BAL, BFS, BFL, MSL, BAGIC, BALIC, MUKAND and BAJAJ ELECTRICALS) for deposit size up to ₹ 5 Crore
Minimum deposit Amount ₹ 25,000. For 15 months of period minimum deposit Amount ₹ 1,00,000

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘Bajaj Finance Limited – Fixed Deposit Account 00070350006738’ and crossed ‘Account Payee only’
  3. All documents should be self-attested
  1. Passport size photograph
  2. Self-attested Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Self-attested Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above.
  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in the name of HUF
  4. KYC documents of all the adult members of HUF
  1. Self-attested PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs of authorised signatories

Pan card along with Any 2 of the following documents:-

  1. Registration Certificate
  2. GST or Income Tax Returns
  3. GST certificate
  4. Self-attested Utility bill not more than 2 months old
  5. Certificate of registration document issued by municipal authorities under shop and establishment act
  6. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected
  7. Utility bill
  8. License/certificate of practice issued of the proprietary concern by any professional body incorporated under a statue
  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution for opening the FD account
  5. List, signature and ID as well as address proof of authorized signatories
  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card
They don’t offer fixed deposit under NRI category

Minimum lock-in period for all types of deposit shall be 3 months.

The interest rates for prepayment of deposits are as under:

Months completed from the date of deposit Interest rate payable
After 3 months but before 6 months No interest (Not applicable in case of premature repayment in the event of death of the depositor)
After 6 Months before maturity 2 % lower than the interest applicable on the deposit

'Loan against the deposit' facility may be provided to depositors against the Deposit(s) placed with the Company, subject to fulfillment by depositor(s) of the eligibility criteria and other conditions, as may be prescribed by the Company in this regard A depositor becomes eligible for availing the facility only post the expiry of 3 months' period from the Deposit being on books of the Company. The interest rate on such loans shall be 2% higher than the rate of interest provided on the depositor's Deposit. Please note that the loan to deposit value for such loan facility cannot exceed 75%.