How to Invest in Fixed Deposit

Investing in a Fixed Deposit offers a secure way to grow savings with guaranteed returns and flexible tenure options online.

Open FD

How to invest in a fixed deposit?

Video Image 01:00
   

Invest in Fixed Deposit with Bajaj Finance

1. Click on ‘Open FD' at the top of this page to open our online application form.
2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
3. Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN card and date of birth.
4. Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar.
5. A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay.
6. Complete your investment using NetBanking/ UPI or NEFT/ RTGS.

Once your fixed deposit is booked, you will receive the Fixed Deposit Acknowledgement (FDA) on your registered email address and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be sent to your email ID within 3 working days (subject to documents being in the correct order).

Read More

Things to Consider Before Investing in a Fixed Deposit

1. Interest rate

Compare the offered FD interest rates across different banks or financial institutions to ensure you get the best return on your investment.

2. Tenure

Choose a tenure that aligns with your financial goals, whether short-term or long-term.

Interest Payout Frequency: Decide if you want periodic interest payouts or prefer to accumulate your earnings until maturity.

3. Lock-in period

Be aware of any lock-in periods associated with the fixed deposit, as premature withdrawals may incur penalties.

4. Liquidity needs

Consider your liquidity requirements; fixed deposits are less liquid compared to savings accounts.

5. Taxation

Understand the tax implications of interest income and whether the fixed deposit qualifies for tax benefits under Section 80C.

6. Credibility of the institution

Invest in fixed deposits offered by reputable and well-established banks or financial institutions.

7. Penalties for early withdrawal

Familiarise yourself with any penalties or reductions in interest rates for premature withdrawals.

8. Auto-renewal

Determine whether the fixed deposit automatically renews upon maturity or if you need to provide instructions.

9. Nomination

Consider nominating a beneficiary to ensure a smooth transfer of funds in case of unforeseen circumstances.

Conclusion

Investing in fixed deposits (FDs) is a secure way to grow your savings while minimising risk. FDs offer stable returns, ideal for short and long-term goals. Assess your financial objectives, compare interest rates, and choose a tenure that suits your needs for dependable, steady wealth growth.

Calculate your expected investment returns with the help of our investment calculators

Investment Calculator

FD Interest Calculator

Sukanya Samriddhi Yojana Calculator

PPF Calculator

RD Calculator

Gratuity Calculator

EPF Calculator

Frequently asked questions

Can I invest in a fixed deposit?

Investing in a Bajaj Finance Fixed Deposit is easy and hassle-free.
All resident indians, HUFs and sole proprietorships can invest in Bajaj Finance Fixed Deposit through either online or offline mode. NRIs can connect with our representative or write to us at wecare@bajajfinserv.in

Is Bajaj Finance Fixed Deposit safe?

With a [ICRA]AAA(Stable) rating, Bajaj Finance Fixed Deposits provide the highest level of security and the lowest investment risk. Bajaj Finance FD also have a CRISIL AAA/ STABLE rating, which is a good reason to invest.

Who can invest in Fixed Deposits or FDs?

One may invest in Fixed Deposits (FDs) if they are residents, solo proprietors, family trusts, clubs, associations, societies, limited companies, group corporations, partnership firms and Hindu Undivided Families (HUFs)

What is the minimum amount of investment for Fixed Deposits?

The minimum investment amount for Bajaj Finance Fixed Deposit is Rs. 15,000

What is the minimum investment tenure for fixed deposits?

The minimum investment tenure for Bajaj Finance fixed deposits is 12 months.

What is the maximum investment tenure for fixed deposits?

The maximum investment tenure for Bajaj Finance fixed deposits is 60 months.

Is it possible to foreclose a fixed deposit account?

Yes, it is possible to foreclose a fixed deposit account before its maturity date. However, this typically involves a penalty is applicable.

How do I invest in FD?

You can invest in a Fixed Deposit (FD) by visiting your bank or financial institution, filling out the FD application form, and selecting the tenure and deposit amount. Alternatively, you can invest online through internet banking or a mobile app for a seamless experience.

How do I put money in a fixed deposit?

To deposit money in an FD, you need to transfer funds from your savings account. This can be done through net banking, mobile banking, or by visiting the branch. The amount is locked for the selected tenure at a fixed interest rate.

Can we do FD online?

Yes, you can open an FD online through your bank’s internet banking or mobile app. Simply select the FD option, enter the deposit amount, choose the tenure, and confirm. The amount is automatically debited from your account, and a confirmation is provided instantly.

Show More Show Less

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.