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Bajaj Finance Fixed Deposit: Here is How You Can Grow Your Money In Just 5 Years

Bajaj Finance Fixed Deposit: Here is How You Can Grow Your Money In Just 5 Years

Any investment that grows your investment in 5 years can be considered a good option. However, you must also check whether the instrument is safe enough to bet your savings, especially in today's times when the market is rife with uncertainties.

A fixed deposit is considered to be a safe investment option as it does not expose your deposits to market risks. Therefore, you can invest in an FD and cruise your deposits safely instead of going for riskier market-linked instruments.

Banks, finance firms, and post offices offer fixed deposit schemes in India. Since bank FD rates have been lowered due to the repo rate cuts, they might not provide sufficient returns. 

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Therefore, the only options you are left with are corporate FDs offered by finance companies and post office FDs. Let’s see which one of them provides the kind of returns you are eyeing for:

Use an FD calculator 

The best way to find a high paying FD is to compare FD rates across various financiers. Modern tools like an FD calculator will help you to calculate the returns quickly and without any errors.

FD calculators are provided by most banks and NBFCs these days. You will even find a post office interest rate calculator on the internet. By using these calculators, you can find a high paying FD without any hassles. 

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Company FDs 

Some company FDs provide much better interest rates than bank FDs. For example, Bajaj Finance FD offers interest rates of up to 6.85%. It not only provides the highest FD rates but also guarantees the safety of your deposits as it has been rated highly for its safety and stability by credit rating organizations like ICRA and CRISIL.  

Let’s say you invest Rs. 10,00,000 for 5 years in a Bajaj Finance Fixed deposit plan. The below table shows the growth in savings after 5 years across various customer categories:






Customer Category 

Rate of Interest 


Maturity Amount

Growth in savings (in %)

Senior citizen


Rs. 392748

Rs. 1392748


Non-senior (offline investment)


Rs. 376531

Rs. 1376531


Non-senior (online investment)


Rs. 383000

Rs. 1383000


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You can notice that senior citizens are able to grow their savings by almost 40% whereas non-senior citizens get 38.3% growth by investing online and get 37.6% if they choose to invest offline in Bajaj Finance FD. 

Compounding of returns 

A non-cumulative FD pays the interest periodically. Therefore, the interest earned by your deposit in the previous quarter does not get added to the principal amount during the next interest calculation cycle.

On the other hand, a cumulative FD provides interest only at maturity. Therefore, the interest which is calculated once in every quarter gets added to the principal during the next interest calculation cycle. It is known as compounding of returns as it compounds your returns significantly.

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To multiply your investment quickly, you can prefer cumulative FDs over non-cumulative FD. However, if you do not have a regular income source, then you can split your corpus and invest some amount in non-cumulative FDs to gain periodic interest payouts.

The remaining amount can be deposited in a cumulative FD to multiply your investment rapidly. Bajaj Finance not only provides the option of monthly, quarterly, six-monthly, and yearly payouts via its non-cumulative FDs but also allows you to invest in both cumulative and non-cumulative FDs at once by using the multi-deposit facility. 

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Also, a flexible tenor that ranges from 12 to 60 months can be selected for each deposit. Apart from these features, you also get an extra FD interest rate of 0.25% if you are a senior citizen. If you are a non-senior then you can get a 0.10% additional FD rate on depositing your savings through an online FD form.

Fixed deposits are offered by banks, finance companies, and Post Offices of India. Bank FD rates are not favorable as they have been reduced due to the reduction in repo rates. Post Office FDs offer a high interest rate but they do not provide flexibility in terms of investment and tenor options. A  Fixed deposit which doubles in 5 years seems to be a lucrative option but you don’t have to risk your savings for that especially since the market conditions are volatile. Instead, you can steer your investments safely by investing in a company FD like Bajaj Finance FD that provides a high interest rate and stability for your invested capital. Also, its features like multi-deposit facility and tools like online FD calculator lets you invest smartly for earning better returns.

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Author Biography.

Gaurav Khanna
Gaurav Khanna

Experienced Digital Marketing Specialist with a demonstrated history of working in the Online Marketing industry. Skilled in SEO, SMO, ORM, Guest Posting and Microsoft Office. 


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