Senior citizens earn a higher rate on Bajaj Finance Fixed Deposits, and an online calculator helps estimate exactly how much that translates to at maturity. Rates go up to 7.75% p.a. within the 31 to 60-month tenure band.
- Senior citizen rate: Up to 7.75% p.a.; general rate: up to 7.40% p.a.
- Senior citizen benefit: Additional 0.35% p.a. over the prevailing general rate
- Minimum investment: Rs. 15,000; tenure: 31 to 60 months
- Payout options: Monthly, quarterly, half-yearly, annual, or at maturity
- Safety ratings: CRISIL AAA/Stable and ICRA AAA (Stable)
Calculate your returns with the FD calculator and book your FD in minutes.
What are the fixed deposit rates for senior citizens?
Within the 31 to 60-month tenure band, senior citizen fixed deposit rates by payout frequency are:
| Payout frequency | Senior citizen rate (p.a.) | General rate (p.a.) |
|---|---|---|
| At maturity | 7.75% | 7.40% |
| Monthly | 7.49% | 7.16% |
| Quarterly | 7.53% | 7.20% |
| Half-yearly | 7.61% | 7.27% |
| Annual | 7.75% | 7.40% |
How does the senior citizen rate benefit work?
Investors aged 60 and above receive an additional 0.35% p.a. over the general rate on the same tenure and payout frequency. The benefit is applied automatically once your age is verified during Know Your Customer (KYC), so no separate application is needed.
How can an FD calculator help you plan retirement income?
A calculator turns your deposit amount and chosen payout frequency into a clear income estimate.
- Enter your investment amount, starting from a low minimum investment of Rs. 15,000
- Select a tenure within the 31 to 60-month range
- Choose Non-Cumulative for periodic income, or Cumulative for a lump sum at maturity
- View your projected periodic payout or maturity amount instantly
Cumulative vs non-cumulative FD: Which is better for retirement income?
| Feature Interest payout |
Cumulative FD | Non-Cumulative FD |
| Interest payout | Compounded, paid at maturity | Paid periodically (monthly, quarterly, half-yearly, annual) |
| Best for | Lump-sum retirement corpus | Regular retirement income |
| Loan against FD | Up to 75% of FD amount | Up to 60% of FD amount |
How do you book a senior citizen Fixed Deposit online?
Booking an FD online takes under 10 minutes. Complete your application entirely from bajajfinserv’s official website — no branch visit required for existing customers.
- Visit bajajfinserv.in/investments/fixed-deposit and click ‘Invest Now’ or ‘Open FD’.
- Enter your mobile number and validate with the OTP sent to your registered number.
- Enter your investment amount (minimum Rs. 15,000) and select your preferred tenure (31 to 60 months).
- Choose your FD type: Cumulative (interest paid at maturity) or Non-Cumulative (periodic interest payout).
- If Non-Cumulative, select your payout frequency: monthly, quarterly, half-yearly, or annual.
- Complete your KYC: provide PAN, Aadhaar or other valid address proof, and bank account details for maturity proceeds.
- Review the applicable senior citizen rate and projected maturity amount using the FD calculator .
- Confirm and submit your application. Your FD will be booked and a confirmation will be sent to your registered email and mobile.
