Maturity: ₹1,07,60,789 at 7.4% p.a. Interest earned: ₹7,60,789. Senior citizen maturity: ₹1,07,87,227.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹1 Crore Fixed Deposit in Bajaj Finserv for 1 Year at 7.4% p.a. (quarterly compounding) will mature to ₹1,07,60,789. You earn ₹7,60,789 as interest, giving a total return of 7.6% on your investment.
At 7.4% p.a. (quarterly compounding), ₹1 Crore FD in Bajaj Finserv for 1 Year matures to ₹1,07,60,789. Interest earned: ₹7,60,789. Senior citizen maturity: ₹1,07,87,227 at 7.65%.
Bajaj Finserv offers 7.4% p.a. for general citizens and 7.65% p.a. for senior citizens on 1 Year Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹1 Crore at 7.4% for 1 Year, you would earn approximately ₹7,60,789 as interest, making total maturity ₹1,07,60,789. Senior citizens earn ₹7,87,227 at 7.65%.
Yes, premature withdrawal is allowed. Bajaj Finserv's policy: Allowed after 3 months with penalty. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. NBFC FDs typically offer higher rates but without DICGC insurance. Consider both rate and safety.