Bajaj Finance Fixed Deposit FAQs

Bajaj Finance Fixed Deposit FAQs

1. 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.
2. 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.
3. Are there Tax Saving FDs with Bajaj Finance? ▼
No, Bajaj Finance does not offer Tax Saving FDs.
4. What is the minimum and maximum deposit amount? ▼
The minimum deposit amount is ₹15,000 and the maximum deposit amount is ₹5 Crore.
5. What is the minimum and maximum tenure? ▼
The minimum tenure is 12 months and the maximum tenure is 60 months.
6. Are there special benefits for women investors? ▼
No, there are no special interest rate benefits for women depositors.
7. How many nominees can be added? ▼
Currently, only one nominee can be added to an FD account.
8. Are monthly interest payment options available? ▼
Yes, monthly interest payment options are available.
9. When will I receive confirmation after booking an FD? ▼
The E FDR is usually generated within 1 to 3 business days after successful payment.
10. Is auto renewal allowed for Bajaj Finance? ▼
Yes, auto renewal is allowed for Bajaj Finance.
11. What are the available payment modes for Bajaj Finance? ▼
UPI and Net Banking are the available payment modes for Bajaj Finance.
12. 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].
13. Is joint holding allowed for Bajaj Finance? ▼
No, joint holding is not allowed for Bajaj Finance FDs.
14. Can I make payment from any bank account? ▼
Yes, payment can be made from any bank account where you are the primary account holder.
15. Is premature withdrawal allowed for Bajaj Finance? ▼
Yes, premature withdrawal is allowed subject to a 3 month lock in period.
16. 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.
17. What should I do if I lose my FD receipt? ▼
Submit a written request at the nearest branch or contact [email protected].
18. How can I get the FD statement for tax filing? ▼
Bajaj Finance provides TDS/P&L statements to your registered email. For assistance, please raise a request to [email protected] & [email protected].
19. Does Bajaj Finance offer extra benefits for Senior Citizens? ▼
Yes, Senior Citizens receive up to 0.25% additional interest over regular rates.
20. What is the compounding frequency for Bajaj Finance? ▼
Interest is compounded yearly.
21. Can I withdraw interest without breaking the FD? ▼
No, interest cannot be withdrawn separately without breaking the FD.
22. What is the process for FD pre closure for Bajaj Finance? ▼
Please refer to Bajaj Finance's official pre-closure process guidelines.
23. When will I receive funds after withdrawal? ▼
Funds are credited within 7 working days after a successful withdrawal.
24. Which TDS form is applicable for Bajaj Finance? ▼
Form 121 is applicable for Bajaj Finance.
25. 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
26. 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].

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