1. How can I invest in Bajaj Finance Fixed Deposits on FYERS? ▼
- Log in to the FYERS App or Web.
You can search for Fixed Deposits from the Home page or:
- Scroll down to the Investment Products section on the Home page.
- Tap/Click More or ☰ Menu and select Fixed Deposits from the Invest section.
- Select the Bajaj Finance FD plan.
- Choose the FD plan from the Overview or Explore section.
- Review the FD details displayed on the screen including interest rate, tenure, minimum investment amount, maturity amount, and interest payout options.
- Click Invest.
- Enter the FD investment amount.
- Choose the interest payout frequency including Monthly, Quarterly, Half-Yearly, Yearly, or On Maturity options based on the selected FD plan.
- Select the maturity instructions including Renew Principal, Renew Principal + Interest, or Do not renew based on your preference.
- Click Review to check the total investment amount, estimated returns and other details.
- Verify the KYC details displayed on the screen including PAN details, Aadhaar details, and nominee details before completing the payment process.
- Complete the payment and VKYC process by clicking on Start video KYC
- Or if you choose it to do later go to the Orders section to complete VKYC and open the Bajaj Finance FD order.
- Click Complete V-KYC.
- Bajaj V-KYC is available from 9:30 AM to 6:30 PM, Monday to Saturday.
- During the V-KYC process, provide your Name, Address, Date of Birth (DOB), PIN code, Profession, and Annual income.
- Read and follow the instructions displayed on the issuer’s V-KYC page.
Keep the following ready for verification:
- Physical PAN card (Front and Back)
- Signature
- Complete the live video verification process.
2. How can I withdraw Bajaj Finance Fixed Deposits on FYERS? ▼
- Log in to the FYERS Web.
- Go to Portfolio → Holdings.
- Open the Fixed Deposits section.
- Select the Bajaj Finance FD you want to withdraw.
Check the FD details:
- From the Overview tab, you can check the invested amount, tenure, and all the investment details.
- From the Payout Timeline tab, you can check the invested amount (Principal), maturity payout amount, and payout dates for the Fixed Deposit.
- Click Withdraw.
- The user will be redirected to Bajaj’s portal to initiate the premature withdrawal request.
- Log in using the registered mobile number.
- Select Investments.
- Click on Fixed Deposit.
- Choose the relevant FD number for premature withdrawal.
- Click on Premature Withdrawal.
- An OTP will be sent to the registered mobile number.
- Enter the OTP and click Submit to complete the request.
3. Are deposits of Bajaj Finance insured by RBI? ▼
No, FDs of Bajaj Finance Ltd. are not guaranteed by RBI, and RBI does not undertake responsibility for repayment of deposits or discharge of liabilities. Investors are advised to make an informed decision before booking an FD.
4. Do I need to have an account with Bajaj Finance to book an FD? ▼
No, you do not need to have an existing account with Bajaj Finance to book an FD.
5. Are there Tax Saving FDs with Bajaj Finance? ▼
No, Bajaj Finance does not offer Tax Saving FDs.
6. What is the minimum and maximum deposit amount? ▼
The minimum deposit amount is ₹15,000 and the maximum deposit amount is ₹5 Crore.
7. What is the minimum and maximum tenure? ▼
The minimum tenure is 12 months and the maximum tenure is 60 months.
8. Are there special benefits for women investors? ▼
No, there are no special interest rate benefits for women depositors.
9. How many nominees can be added? ▼
Currently, only one nominee can be added to an FD account.
10. Are monthly interest payment options available? ▼
Yes, monthly interest payment options are available.
11. When will I receive confirmation after booking an FD? ▼
The E FDR is usually generated within 1 to 3 business days after successful payment.
12. Is auto renewal allowed for Bajaj Finance? ▼
Yes, auto renewal is allowed for Bajaj Finance.
13. What are the available payment modes for Bajaj Finance? ▼
UPI and Net Banking are the available payment modes for Bajaj Finance.
14. How will I receive my Fixed Deposit Receipt (FDR)? ▼
A physical copy will be delivered to your registered address, and an e-receipt will be sent to your registered email ID. If you do not receive it, submit a written request at your nearest branch or contact
[email protected].
15. Is joint holding allowed for Bajaj Finance? ▼
No, joint holding is not allowed for Bajaj Finance FDs.
16. Can I make payment from any bank account? ▼
Yes, payment can be made from any bank account where you are the primary account holder.
17. Is premature withdrawal allowed for Bajaj Finance? ▼
Yes, premature withdrawal is allowed subject to a 3 month lock in period.
18. What is the penalty for premature withdrawal for Bajaj Finance? ▼
0 to 3 months: No withdrawal permitted (except in death cases).
3 to 6 months: No interest payable.
More than 6 months: Interest will be reduced by 2% to 3% lower than applicable ROI depending on tenure.
19. What should I do if I lose my FD receipt? ▼
20. How can I get the FD statement for tax filing? ▼
21. Does Bajaj Finance offer extra benefits for Senior Citizens? ▼
Yes, Senior Citizens receive up to 0.25% additional interest over regular rates.
22. What is the compounding frequency for Bajaj Finance? ▼
Interest is compounded yearly.
23. Can I withdraw interest without breaking the FD? ▼
No, interest cannot be withdrawn separately without breaking the FD.
24. What is the process for FD pre closure for Bajaj Finance? ▼
Please refer to Bajaj Finance's official pre-closure process guidelines.
25. When will I receive funds after withdrawal? ▼
Funds are credited within 7 working days after a successful withdrawal.
26. Which TDS form is applicable for Bajaj Finance? ▼
Form 121 is applicable for Bajaj Finance.
27. What is the online processto submit Form 121 for Bajaj Finance? ▼
Customers must log in to the Bajaj Customer Portal using their registered mobile number and Date of Birth. From there, navigate to Investment Section → Fixed Deposit and select the option to submit Form 121
28. How can users submit the form offline? ▼
Users can fill out the form offline at a branch and then send a scanned copy to
[email protected].
29. Is Video KYC required to book an FD ▼
No, you dont need a Video KYC for booking a Bajaj FD
30. When will the TDS be applicable on my Fixed Deposit investment? ▼
The TDS limit for NBFC FD scheme is till Rs.5000/- interest p.a. In case where the interest amount exceeds Rs. 5,000/- sum of all fixed deposit held with Mahindra finance under single pan number in a financial year, income-tax will be deducted at source.
31. What is the difference between a Non-Cumulative deposit and a Cumulative deposit? ▼
In a 'Non- Cumulative scheme' the interest is payable on periodic basis. In 'Cumulative deposit scheme', the interest is payable at the time of maturity along with the principal.
32. What happens in the event of the death of a depositor? ▼
In unfortunate events, such as the death of a depositor, the company will reimburse the deposit irrespective of the lock-in period. The surviving depositor(s), nominee, or legal heir(s) can receive the deposit on behalf of the expired depositor upon request by providing proof of death and other necessary documentation.
33. What happens in the event of the death of a depositor? ▼
In unfortunate events, such as the death of a depositor, the company will reimburse the deposit irrespective of the lock-in period. The surviving depositor(s), nominee, or legal heir(s) can receive the deposit on behalf of the expired depositor upon request by providing proof of death and other necessary documentation.
34. Can a loan be obtained from Bajaj Finance against the security of the FD? ▼
Customers can get a loan of up to 75% of the deposit amount 3 months after booking an FD. You have to pay just an additional 2% p.a. over the interest rate over the booking rate of the FD. The tenure will be the residual maturity of the FD