Bajaj Finserv Domestic Term Deposit FD

What is a Bajaj Finserv Domestic Term Deposit FD?

Bajaj Finserv Domestic Term Deposit FD is an investment option offered by Bajaj Finserv, one of India’s leading financial services companies. It is a safe and secure way to invest money for fixed returns. It is a type of fixed deposit that offers higher interest rates than regular savings accounts, making it an attractive option for those who are looking for long-term investments. With Bajaj Finserv Domestic Term Deposit FD, you can invest for 12 to 60 months and enjoy returns as high as 8.10% p.a. You can also avail of additional benefits such as flexible nomination, online account access, and more.

Eligibility Criteria

To start investing in Bajaj Finserv Domestic Term Deposit FD Scheme, an investor must adhere to the following eligibility criteria:

• Indian Residents
• Partnership Firms and Ventures
• Sole Proprietorship Firms
• HUFs: Hindu Undivided Families
• Societies
• Family Trusts
• Church and Associations

However, investors belonging to NRI, PIO (Person of Indian Origin), and OCI (Overseas Citizen of India) categories can directly drop a mail to wecare@bajajfinserv.in to get the required information.

Documents Required to Open Domestic Term Deposit Account with Bajaj Finserv

Prepare the below-listed documents beforehand to put forward an uninterrupted investment procedure:

1. Identity Proof: Any of the following documents are required for identity verification – PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
2. Address Proof: Any of the following documents are required for address verification – An Aadhaar Card, Voter ID, Driving License, Passport, Utility Bill, and Ration Card.
3. Photograph: Recent passport-size photograph is required.
4. Signature Verification: The signature on the application form must be verified with the original documents.
5. Bank Account Details: Details of your existing bank account will be required to transfer funds.

Bajaj Finserv Domestic Term Deposit FD: Key Attractions

Here are the key attractions of Bajaj Finserv Domestic Term Deposit FD:

• Offers secure returns starting from 8.10% per annum.
• Depositors get higher FD rates on exceptional investment tenure, i.e. 15, 18, 22, 30, 33, 39, and 44 months.
• Bajaj Finserv Domestic Term Deposits have AAA credit ratings from ICRA (Investment Information and Credit Rating Agency) and CRISIL (Credit Rating Information Services of India Limited), making them highly secure for investment.
• Senior citizens get an additional benefit of a 0.25% interest rate.

Features & Benefits

Bajaj Finserv Domestic Term Deposit FD scheme offers several benefits to the investors, including:

1. The minimum amount for opening a Bajaj Finserv Domestic Term Deposit FD is Rs. 15,000.
2. The maximum amount an investor can invest in Bajaj Finserv FD caps at five crores.
3. The minimum tenure for Bajaj Finserv Domestic Term Deposit FD is 12 months.
4. The maximum tenure for Bajaj Finserv Domestic Term Deposit FD is 60 months.
5. The deposit must be made in Indian Rupees only.
6. The interest rate for Bajaj Finserv Domestic Term Deposit FD depends on the tenure chosen and the amount deposited.
7. The deposit can be made by Indian residents only. Investors belonging to other categories can get in touch with the executives via mail.
8. Senior citizens can receive an additional 0.25% interest rate on their deposits.
9. The depositor can deposit funds in cash, via cheque and demand draft, or NEFT/RTGS transfer.
10. The deposit can be made in the name of either a single individual or a joint account holder.

How to Apply for Bajaj Finserv Domestic Term Deposit FD

You can apply for Bajaj Finserv Domestic Term Deposit FD through the Urban Money platform. Go through the homepage and click on ‘Investment’ from the top section. From the dropdown, select ‘Fixed Deposits’. Next, you will get the list of leading banks and financial institutions; select Bajaj Finserv FD from the list. Submit your query along with your contact details, and the executive will contact you in the minimal possible time.

If you wish to apply through the official Bajaj Finserv portal, follow these steps:

1. Visit the Bajaj Finserv website and click on “Fixed Deposit”.
2. Enter the amount you want to deposit and select the tenure.
3. Choose the payment method – online transfer, cheque or demand draft.
4. Enter your personal details, such as your name, email address, phone and PAN number.
5. Fill in additional details such as your address, bank details etc.
6. Accept the terms and conditions.
7. Click on “Submit” to proceed.
8. You will receive an acknowledgment of your application.

Your Bajaj Finserv Domestic Term Deposit FD will be activated within a few days.