Fixed deposits are a safe and secure way to invest that allows you to increase your money without having to worry about market swings. With the RBI’s repo rate at 4%, bank and post office deposits can only earn you up to 5.50 percent interest at the moment. You work hard to make money, and you want your money to work just as hard for you. Fixed Deposits from Bajaj Finance are a safe and secure option to accomplish just that.

High FD rates of up to 6.75 percent are available from Bajaj Finance, allowing you to increase your money to fulfill your financial goals. In reality, when compared to bank or post office FD rates, Bajaj Finance’s FD interest rates are significantly higher. You may also take advantage of a variety of beneficial bonuses when you invest in these FDs. The fixed deposit interest calculator can assist you in determining how much interest you may receive by investing in a fixed deposit for a set period.

Read on to learn why you should invest in Bajaj Finance FDs than other banks to ensure that your money grows gradually and profitably.

Comparison of FD Rates of top banks

1. SBI provides FDs with terms ranging from seven days to a year. SBI provides a 6.40 percent interest rate on FDs having a maturity duration of 7 days to less than a year. The bank is giving a 7% interest rate on FDs with maturities of one to two years. SBI provides 6.75 percent on FDs maturing in 2-3 years. The bank is offering a 6.70 percent interest rate on maturities of three to five years. SBI provides a 6.60 percent interest rate on FDs with a term of five to ten years.
2. Fixed deposits at HDFC Bank pay interest rates ranging from 3.50 percent to 7.30 percent over a variety of terms. On fixed deposits of seven to 45 days, HDFC Bank is giving a 5.50 percent interest rate. The bank provides a 6% interest rate on FDs with maturities ranging from 46 days to 6 months. HDFC Bank is paying interest on one-year fixed deposits at a rate of 7.10 percent to the general population. It is giving a 7.20 percent interest rate on deposits maturing in one to two years. The bank provides a 7.30 percent interest rate on FDs with maturity duration of two to three years. FDs maturing in three to five years will earn a 7.25 percent interest rate. Long-term FDs with maturities of 5 to 10 years will pay a 7% interest rate.
3. Bank of Baroda (BoB) provides a 4.75 percent interest rate on fixed deposits with maturities ranging from seven to ninety days. The bank is giving a 6.25 percent interest rate on deposits with a maturity of 91 days to less than one year. Bank of Baroda provides a 6.45 percent interest rate on one-year term deposits. Bob is offering a 6.55 percent interest rate on one-year to two-year deposits. The bank is giving a 6.45 percent interest rate on deposits maturing in two to five years and five to 10 years. With effect from July 20, 2019, the bank changed the interest rates on its term deposits.
4. Bajaj Finance Limited, charges one of the highest interest rates for common clients, up to 8.60 percent. Bajaj Finance offers a 12-month minimum deposit period and a 60-month maximum deposit period. Bajaj Finance provides an interest rate of 8% on deposits due in 12 to 23 months. It pays an interest rate of 8.15 percent on term deposits of 24 to 35 months. Bajaj Finance provides an interest rate of 8.60 percent on fixed deposits due in 36 months to 60 days. Senior citizens are eligible for special interest rates that are higher than 0.35 percent of the base rate.

Fixed deposits are a good option for investors looking for a safe place to put their money because they guarantee deposit safety and offer competitive interest rates, allowing for steady wealth growth. A large sum of money put in FD rates over a longer period might provide a large maturity amount. These anticipated interest payments can help you meet your financial objectives and meet unexpected financial needs.

A fixed deposit interest calculator will help you figure out how much your deposit will be worth at maturity based on the current interest rate for a specific term. The calculator is simple to use and will assist you in comparing different tenures with varying interest rates from various banks, making it easier to determine which bank and tenure would provide you with the largest fixed deposit maturity amount.