Maturity: ₹26,902 at 7.4% p.a. Interest earned: ₹1,902. Senior citizen maturity: ₹26,968.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹25K Fixed Deposit in Bajaj Finserv for 1 Year at 7.4% p.a. (quarterly compounding) will mature to ₹26,902. You earn ₹1,902 as interest, giving a total return of 7.6% on your investment.
At 7.4% p.a. (quarterly compounding), ₹25K FD in Bajaj Finserv for 1 Year matures to ₹26,902. Interest earned: ₹1,902. Senior citizen maturity: ₹26,968 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 ₹25K at 7.4% for 1 Year, you would earn approximately ₹1,902 as interest, making total maturity ₹26,902. Senior citizens earn ₹1,968 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.