Features and benefits
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Easy renewal
Renew your NRI FD at the time of maturity via Bajaj Finserv My Account and stay invested for a longer tenor.
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Safety and credibility
The Bajaj Finance Fixed Deposit is accredited with the highest safety ratings of CRISIL AAA/ STABLE and [ICRA]AAA(Stable).
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Senior citizen benefits
Get additional interest rate benefit up to 0.25% p.a. p.a. if you are above the age of 60 to grow your wealth faster.
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Attractive returns
Grow your money at high-interest rates up to 8.30%.
Non-resident Indians (NRIs) looking to diversify their portfolios can invest in a Bajaj Finance Fixed Deposit for NRIs to get attractive and profitable returns. Bajaj Finance offers FDs for non-resident Indians, overseas citizens of India and any person of Indian origin. Investors can start investing through an NRO account.
As an NRI, you can grow your wealth at interest rates up to 8.30% p.a. Choose a tenor between 12 months and 36 months to get maturity proceeds in time for your financial needs and claim tax benefits under a DTAA to reduce your tax payment.
Bajaj Finance NRI FD is backed by CRISIL AAA/ STABLE and [ICRA]AAA(Stable), indicating the highest level of safety and lowest investment risk. Safeguard yourself from stock market fluctuations or intermittent interest rate movements by investing in an FD. You can also take advantage of periodic interest payouts should you need liquidity for recurring expenses.
NRI fixed deposit interest rates
Here’s a look at the latest FD interest rates offered by Bajaj Finance.
Revised interest rates for deposits starting at Rs. 15,000 up to Rs. 3 crore (w.e.f 14 November, 2024) *special interest rates are offered on tenure of 15, 18, 22, and 30 months. |
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Cumulative (interest +principal amount payment at maturity) |
Non-cumulative (interest payout at a defined frequency, principal paid at maturity) |
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Tenure in months |
At maturity (p.a.) |
Monthly (p.a.) |
Quarterly (p.a.) |
Half yearly (p.a.) |
Annual ( p.a.) |
12 - 14 |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
15* |
7.45% |
7.21% |
7.25% |
7.32% |
7.45% |
>15-17 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
18* |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
19-21 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
22* |
7.90% |
7.63% |
7.68% |
7.75% |
7.90% |
23 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
24 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
25-29 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
30* |
7.45% |
7.21% |
7.25% |
7.32% |
7.45% |
31-32 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
33* |
8.10% |
7.81% |
7.87% |
7.94% |
8.10% |
34 - 35 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
36 |
8.10% |
7.81% |
7.87% |
7.94% |
8.10% |
Rate benefits basis customer category (w.e.f 14 November, 2024)
- Additional rate benefit up to 0.25% p.a. p.a. for senior citizens
Disclaimer
Actual returns may vary slightly if the FD tenor includes a leap year.
Frequently asked questions
An NRI fixed deposit allows Indians living abroad to invest through ordinary non-resident accounts. This investment option enables NRIs to invest in Indian rupees and avail of high-interest rates applicable on fixed deposits in India.
One can easily calculate the returns on the investment with the help of Bajaj Finance FD Calculator.
Yes, NRIs, overseas citizens of India and people of Indian origin can invest in Bajaj Finance FDs through their ordinary non-resident accounts.
Payments can be made via cheque or RTGS/ NEFT from a non-resident ordinary bank account. Payment through demand draft, debit card, IMPS or UPI is not allowed.
No, loans against fixed deposits are not available for NRIs, overseas citizens of India and other people of Indian origin.
Yes, NRIs can avoid paying tax on income earned in a source country and the country of their residence by claiming benefits under the applicable Double Tax Avoidance Agreement (DTAA).
Yes. As per India's Securities and Exchange Board, a PAN card is mandatory if an NRI wishes to invest in India. Once you invest, you will be taxed in India, recorded as per your PAN.
TDS is applicable for NRI fixed deposits. However, there are different rules for income tax for NRI fixed deposits.
Yes. As per Budget 2019 announcements, NRIs with valid India passports can now apply for Aadhaar cards. They would no longer be required to wait for the mandatory 180 days period. The KYC will also be fast-forwarded, and the issuance of this card will expedite financial transactions in India for NRIs.
It is mandatory to quote an Aadhar card for filing IT returns in India. Hence, it is important for NRIs to have an Aadhar card to avail the benefits of lucrative investment options. Tax Deducted at Source (TDS) is applicable to NRI deposit schemes. Also, the tax filing might have to be done in India even though they can claim tax benefits under the Double Tax Avoidance Agreement (DTAA).
For NRI KYC, please provide the below:
PAN, Passport, & Visa
Any one of the below Indian address proofs, only if address in the passport is outside India.
- Driving license/ Voter ID card/ Aadhaar / NREGA job card/ Letter issued by the National Population Register
- Bank Statement/ Passbook (having address) of the depositor’s NRO account
Cheque from NRO (Non-Resident Ordinary) A/c only
