Fixed Deposit (FD) Renewal

Easily renew your fixed deposit in a few steps to get higher interest rates, high ratings, and seamless benefits

How to renew your fixed deposit ?

You have the option to renew your FD up to 24 hours before maturity. Follow the 6 steps below:

  • FD renewal

    Step 1:

    Sign in to our Customer Portal – My Account with your registered date of birth, mobile number, and OTP. 

  • FD renewal

    Step 2:

    Click on ‘My Relations’, available on your home page. Click on ‘View All’ to see all your relationships with us.

  • FD renewal

    Step 3:

    Of all your relationships, select the fixed deposit that you want to renew, and click on ‘Renew your Fixed Deposit’.

  • FD renewal

    Step 4:

    All the details about your FD, including interest rate and maturity amount, will be shown along with the bank details. Click on ‘PROCEED’.

  • FD renewal

    Step 5:

    Choose from the three renewal options – ‘Principal’, ‘Principal + Interest’ or ‘Partial Renewal’. Also, select the payout frequency and tenure.

  • FD renewal

    Step 6:

    Accept the Terms and Conditions and verify your renewal details using the OTP sent on your mobile number.

FD Max rates for customers below the age of 60

Bajaj Finance FD Max annualised rate of interest for customers below the age of 60 is valid for deposit up to Rs. 25,000 (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.60% p.a. on a 42-month Digital FD Max, available on website and app.

Bajaj Finance Digital FD Max

New Product Launch
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.60% 8.28% 8.34% 8.42% 8.60%

Special Period (FD MAX)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
18* 8.00% 7.72% 7.77% 7.85% 8.00%
22* 8.10% 7.81% 7.87% 7.94% 8.10%
33* 8.30% 8.00% 8.05% 8.13% 8.30%
44* 8.45% 8.14% 8.20% 8.28% 8.45%

Regular Period (FD MAX)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.60% 7.35% 7.39% 7.46% 7.60%
15 - 23 7.70% 7.44% 7.49% 7.56% 7.70%
24 - 35 8.00% 7.72% 7.77% 7.85% 8.00%
36 - 60 8.30% 8.00% 8.05% 8.13% 8.30%

FD rates for customers below the age of 60

Fixed Deposit annualised rate of interest for customers below the age of 60 is valid for deposit Rs. 25,001 and up to Rs. 3 crore (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.40% p.a. on a 42-month Digital FD, available exclusively on website and app.

Bajaj Finance Digital FD

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.40% 8.09% 8.15% 8.23% 8.40%

Customers below the age of 60 – Special Period

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
18* 7.80% 7.53% 7.58% 7.65% 7.80%
22* 7.90% 7.63% 7.68% 7.75% 7.90%
33* 8.10% 7.81% 7.87% 7.94% 8.10%
44* 8.25% 7.95% 8.01% 8.09% 8.25%

Customers below the age of 60 – Regular Period

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.40% 7.16% 7.20% 7.27% 7.40%
15 - 23 7.50% 7.25% 7.30% 7.36% 7.50%
24 - 35 7.80% 7.53% 7.58% 7.65% 7.80%
36 - 60 8.10% 7.81% 7.87% 7.94% 8.10%

FD Max rates for customers above the age of 60

Bajaj Finance FD Max annualised rate of interest for senior citizens for deposit up to Rs. 25,000 (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.85% p.a. on a 42-month Digital FD Max, available on website and app.

Bajaj Finance Digital FD Max

New Product Launch
Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.85% 8.51% 8.57% 8.66% 8.85%

Senior Citizen – Special Period (FD Max)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
18* 8.25% 7.95% 8.01% 8.09% 8.25%
22* 8.35% 8.05% 8.10% 8.18% 8.35%
33* 8.55% 8.23% 8.29% 8.37% 8.55%
44* 8.70% 8.37% 8.43% 8.52% 8.70%

Senior Citizen – Regular Period (FD Max)

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.85% 7.58% 7.63% 7.70% 7.85%
15 - 23 7.95% 7.67% 7.72% 7.80% 7.95%
24 - 35 8.40% 8.09% 8.15% 8.23% 8.40%
36 - 60 8.55% 8.23% 8.29% 8.37% 8.55%

FD rates for customers above the age of 60

Fixed Deposit annualised rate of interest for senior citizen is valid for deposit Rs. 25,001 and up to Rs. 3 crore (w.e.f 14 November, 2024)

*Experience higher interest rate of up to 8.65% p.a. on a 42-month Digital FD, available exclusively on website and app.

Bajaj Finance Digital FD

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
42* 8.65% 8.33% 8.38% 8.47% 8.65%

Senior Citizen – Special Period

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
18* 8.05% 7.77% 7.82% 7.89% 8.05%
22* 8.15% 7.86% 7.91% 7.99% 8.15%
33* 8.35% 8.05% 8.10% 8.18% 8.35%
44* 8.50% 8.19% 8.24% 8.33% 8.50%

FD Interest Rate for Senior Citizens

Tenure in
months
At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.)
12 - 14 7.65% 7.39% 7.44% 7.51% 7.65%
15 - 23 7.75% 7.49% 7.53% 7.61% 7.75%
24 - 35 8.20% 7.91% 7.96% 8.04% 8.20%
36 - 60 8.35% 8.05% 8.10% 8.18% 8.35%

Why you should renew your Fixed Deposit (FD)

1. Continued growth of savings

Renewing your Fixed Deposit allows your savings to grow without interruption. By reinvesting the principal and interest, you can benefit from compounding, ensuring higher returns over time.

2. Better interest rates

The FD renewal process gives you the opportunity to secure higher interest rates, especially if market rates have increased since your initial investment.

3. Convenience and security

Renewing your Fixed Deposit is a hassle-free process, ensuring your money remains safe while earning consistent returns without the need for reinvestment decisions.

Is FD auto renewal possible?

Yes, Bajaj Finance offers an auto-renewal facility for Fixed Deposits. To avail this, you can opt for auto-renewal during the initial investment by selecting the 'Auto Renew' option on the FD form. This ensures that upon maturity, your FD is automatically renewed for the same tenure at the prevailing interest rate, providing uninterrupted growth of your investment.

Conclusion

The auto-renewal facility for FD offers a hassle-free way to reinvest your savings without manual intervention. It ensures continuous growth, eliminates reinvestment delays, and helps secure prevailing interest rates. Opting for this feature simplifies the FD renewal process while maximising returns.

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

 

Investment Calculator

FD Return Calculator

Sukanya Samriddhi Yojana Calculator

PPF Calculator

Recurring Deposit Calculator

Provident Fund Calculator

Gratuity Calculator

Frequently asked questions

Does my FD renew automatically?

No, Bajaj Finance Fixed Deposit does not offer an auto-renewal facility. So once your FD reaches its maturity, the principal amount along with interest earned will be transferred to your bank account registered with us.
If you go with offline mode of investment (through branches, sales manager/brokers/partners) you can opt for auto-renewal facility by filing an offline application form.

What is the interest rate offered on FD renewal?

On renewal the FD interest rate offered by Bajaj Finance at the day of maturity will be applicable.

When can I renew my FD?

An FD can be renewed 24 hours before the actual maturity date of your previous fixed Deposit.

Can I renew my FD online?

Yes, you can renew your Fixed Deposit (FD) online through your bank or financial institution’s internet banking or mobile app. Simply log in, navigate to the FD renewal section, and choose the auto-renewal or manual renewal option to reinvest at prevailing interest rates.

What to do after FD is matured?

After your FD matures, you can either withdraw the funds or renew the deposit for continued earnings. If you opt for withdrawal, the amount is credited to your linked bank account. If renewing, check the latest FD interest rates before proceeding.

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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.