Bajaj Finance Outlines Rates and Terms for Long-Term Fixed Deposits

Bajaj Finance has established cumulative fixed deposit rates ranging between 7.75 percent and 8.15 percent for tenures spanning 31 to 60 months, taking effect on October 7, 2026. The verified guide outlines specific operational parameters such as interest payout choices, premature withdrawal rules, tax deduction at source requirements, and overall tax reporting obligations. It also highlights that these deposits do not carry deposit insurance coverage under the Deposit Insurance and Credit Guarantee Corporation.

Investors evaluating these instruments must weigh the attractive yield against the absence of statutory deposit protection typical of scheduled commercial banks. Understanding premature exit penalties and tax deductions helps depositors gauge the true liquidity and net returns of locking funds for up to sixty months.

Savers considering this scheme should verify their tax bracket obligations and review their liquidity requirements before committing funds for multi-year periods. Careful assessment of non-banking financial company risk ensures portfolios remain adequately diversified.