Required documents
To apply for Bajaj Finance FD, the following documents are required:
Identity verification
Aadhaar card, PAN card, passport, voter ID or driving license.
proof of address
Utility bill, bank statement, ration card, or government-issued proof of address.
photograph
A recent passport size photo.
Interest payment options
Bajaj Finance offers multiple interest payment options.
Cumulative option
Interest is compounded quarterly and paid at maturity. This option is perfect for people who don’t need regular income and want to maximize their earnings.
Non-cumulative option
Interest is paid monthly, quarterly, semi-annually, or annually. This option is suitable for those who need regular income.
Taxation on Bajaj Finance FD
The interest earned on Bajaj Finance FD is taxable under the Income Tax Act, 1961. It is added to your gross income and taxed according to your income tax slab. Bajaj Finance also deducts TDS (tax deduction at source) if the interest exceeds ₹40,000 in a financial year. The limit for elderly people is 50,000 yen. If your total income is less than the tax limit, you can file Form 15G/15H to avoid TDS.
conclusion
Bajaj Finance FD offers attractive interest rates and flexible tenors. It also provides high security for your investment. The application process is easy. Robust online management makes it a convenient option for investors. Features like loans against FD and auto-renewal provide further benefits. Another big advantage is that there are no penalties for early withdrawal for seniors. By choosing Bajaj Finance FD, you can grow your savings safely and steadily. Visit Bajaj Markets app or website and book your FD now.
