Bajaj Finance Senior Citizen FD

Need a steady income in your golden years? You must choose an option that offers both safety and stable returns. And that’s exactly what Bajaj Finance senior citizen FD scheme delivers. 

Bajaj Finance is a leading deposit-taking NBFC managing assets worth ₹4,16,743 crore and serving more than 101 million customers. As of July 18, 2025, the organisation is offering interest rates ranging from 6.95% to 7.30% p.a. to senior citizens.

Looking to invest? In this article, let’s understand what Bajaj Finance FD for senior citizens is, its key features, and the latest Bajaj Finance FD rates for senior citizens. Also, we will compare the Bajaj Finance senior citizen FD scheme with SCSS (Senior Citizens’ Savings Scheme) and learn why you can opt for it. Let’s begin!

What is a Bajaj Senior Citizen Fixed Deposit?

The Bajaj Finance FD for senior citizens is a savings option for people aged 60 years and above. It gives you better interest rates than regular FDs offered by most commercial banks. With this NBFC, you can you can earn guaranteed and non-market-linked returns. 

Furthermore, you can choose:

• How long do you want to invest?

and

• How do you want to receive your interest?

For more clarity, let’s check out some key features of the Bajaj Finance senior citizen FD scheme:

Feature	Details
Who can invest	Indian citizens aged 60 years or above
Interest rate	Up to 7.30% per annum
Minimum deposit	₹15,000
Maximum deposit	₹3 crore
Tenure options	From 12 months to 60 months (1 to 5 years)
Payout options	You can choose to receive interest: Monthly Quarterly Half-yearly Yearly At maturity
Type of FD	Both cumulative (interest paid at the end) and non-cumulative (interest paid regularly) options are available
Safety ratings	CRISIL AAA/Stable and ICRA AAA (these ratings indicate high safety and low risk)

Latest Bajaj Finance FD Rates for Senior Citizens

With Bajaj Finance, customers aged 60 or above get an additional 0.35% p.a. across all tenures. Check out the latest Bajaj Finance fixed deposit interest rates for senior citizens from the table below:

Bajaj Finance FD Interest Rates for Senior Citizens (As of July 18, 2025)

Tenure (in months)	At Maturity (p.a.)	Monthly (p.a.)	Quarterly (p.a.)	Half-yearly (p.a.)	Annual (p.a.)
12 – 14	6.95%	6.74%	6.78%	6.83%	6.95%
15 – 23	7.10%	6.88%	6.92%	6.98%	7.10%
24 – 60	7.30%	7.07%	7.11%	7.17%	7.30%

Note: The above Bajaj Finance FD rates for senior citizens are effective from June 11, 2025. 

The Yield Table for Customers Above 60 Years of Age

When you invest in a Bajaj Finance senior citizen FD scheme, your return depends on two main factors:

• Tenure (how long you invest)

and

• Applicable FD Interest Rate

If you prefer cumulative FDs and want to benefit from compounding (earning interest on interest), you should check the "Yield" table. This table shows the effective annual return after compounding. It also displays the total maturity amount you will receive upon maturity. 

Let’s see how your initial minimum investment of ₹15,000 (the minimum deposit allowed) can grow across all tenures:

Period (months)	Investment amount	FD Rate (p.a.)	Effective Yield (p.a.)	Payable at Maturity
12	₹15,000	6.95%	6.95%	₹16,043
15	₹15,000	7.10%	7.16%	₹16,352
24	₹15,000	7.30%	7.57%	₹17,270
60	₹15,000	7.30%	8.45%	₹21,335

Note: The above yields are determined using the Bajaj Finance FD rates for senior citizens applicable as of July 18, 2025.

Some Important Observations You Must Know!

• Longer Tenure = Higher Returns
• The interest rate and yield increase with the tenure. 
• The highest rate (7.30% p.a.) and yield (8.45% p.a.) are offered if you invest for 24 to 60 months.
• Your ₹15,000 investment grows to ₹21,335 in 5 years. 
• The Cumulative Option Pays the Highest
• “At Maturity” and “Annual” options give the highest interest rate. 
• Go for these options if you don’t need a regular income and want a larger payout at the end.
• Monthly and Quarterly Pay Less
• Monthly payouts have the lowest rates because you get the interest in parts throughout the year. 
• This option is suitable if you need a regular income.

For better returns, you can choose the 24 to 60 months cumulative FD available at an interest rate of 7.30% p.a. Book it online from here!

How the Bajaj Finance Senior Citizen FD Scheme Compares to SCSS

Wondering where to invest your retirement savings? Both the Bajaj Finance Senior Citizen FD scheme and the Senior Citizens’ Savings Scheme (SCSS) are popular options. 

However, if you’re looking for better access to your money and multiple payout options, Bajaj Finance FD has clear advantages! Below is a detailed comparison for your reference:

Feature	Bajaj Finance Senior Citizen FD Scheme	Senior Citizens’ Savings Scheme (SCSS)
Interest Rate	Yield of 8.45% p.a. (on a tenure of 60 months)	8.20% p.a. (5 years)
Tenure	1 to 5 years (you choose)	Fixed 5 years (extendable by 3 years)
Maximum Deposit Limit	₹3 crores	₹30 lakhs
Liquidity	Premature withdrawal is allowed after 3 months	Premature withdrawal is allowed only after 1 year
Payout Option	Highly Flexible. You can opt for any of these options: Monthly Quarterly Annually At Maturity	Quarterly only
Online Process	100% digital process. FD can be opened, managed, and closed online.	Offline process at post offices or banks
Loan Against FD	Available (up to 75% of the deposit)	Not available

Note: The yields and interest rates mentioned above are applicable as of July 18, 2025.

Need a winner? With Bajaj Finance Senior Citizen FD schemes, you get greater control. You can choose your tenure and how you receive interest. Moreover, you can even get a loan against your deposit if needed. If you want to invest in Bajaj Finance FD for Senior Citizens, you can start your application process from here!

Why Choose Bajaj Finance Fixed Deposit for Senior Citizens?

Apart from offering attractive interest rates and flexible tenures, Bajaj Finance FDs also come with several added conveniences. Let’s check them out:

• 100% End-to-End Online Process
• As a Bajaj Finance FD holder, you get a dedicated customer portal (My Account).
• Through this portal, you can open, manage, and close your FD entirely online.
• You can also download account statements and documents anytime.

• Start Small and Gradually Keep Accumulating
• You don’t need to invest a large amount to open a Bajaj Finance FD. 
• The minimum deposit amount is just ₹15,000.
• This is particularly helpful if:
• You prefer to test the waters before investing more 

or

• You want to spread your money across multiple deposits.

• Stress-Free Nomination and Claims (No Need to Visit a Branch)
• As a senior citizen, paperwork management or making branch visits are usually inconvenient. 
• Bajaj Finance allows you to do the following online:
• Nominate someone
• Update details
• Submit a claim
• This makes legacy and estate planning much simpler.
• Also, it gives you peace of mind that your family can access funds without complications.

Invest in the Bajaj Finance Senior Citizen Scheme with GoldenPi Today!

Bajaj Finance FDs carry CRISIL AAA/Stable and ICRA AAA ratings. As of July 18, 2025, Bajaj Finance offers 7.30% p.a. (yield of 8.67% p.a.) for a 60-month tenure. It is perfect for building a steady income stream during your golden years.

You also get the benefit of flexible payout options, the ability to take a loan against your FD, and 100% online FD management through a dedicated customer portal. 

With the Bajaj senior citizen fixed deposit, you can combine high interest + flexible terms, + strong safety. Invest today online within minutes!