Planning for your children’s or grandchildren’s future is one of the most meaningful financial goals. If you’re looking for a safe investment with steady growth, Bajaj Finance Fixed Deposits (FDs) are an excellent choice. With competitive rates in areas like Worli and Navi Mumbai, you can steadily build a reliable corpus for their education, marriage, or other milestones.
Bajaj Finance Fixed Deposit Features
Fixed deposits remain one of the most secure investment options in India, and Bajaj Finserv FD rates in Worli make them an attractive choice for investors. Bajaj Finance FDs stand out due to their:
- High safety ratings (AAA/Stable from CRISIL and ICRA)
- Flexible tenures from 12 to 60 months
- Choice of payout: cumulative (lump sum at maturity) or non-cumulative (monthly, quarterly, half-yearly, or annual interest payouts)
This flexibility makes them ideal for both short-term and long-term planning for your child’s future.
Current FD Rates (June 2025)
The latest Bajaj Finance FD interest rates are:
| Tenure | General Citizens (p.a.) | Senior Citizens (p.a.) |
| 12–14 months | 6.60% | 6.95% |
| 15–23 months | 6.75% | 7.10% |
| 24–60 months | 6.95% | 7.30% |
Example: Building Future Savings with FDs
Let’s say you invest ₹5,00,000 in a 4-year cumulative FD at the general citizen rate of 6.95% p.a.
- Principal: ₹5,00,000
- Rate: 6.95%
- Tenure: 4 years
- Compounding: Quarterly
Maturity Value = P (1 + r/n)^(n × t)
≈ ₹ 6,54,174
👉 Your savings grow by about ₹1,54,174 in 4 years—safe, assured growth for your child or grandchild.
For senior citizens at 7.30%, the same FD matures to around ₹ 6,62,779
Why Worli and Navi Mumbai Stand Out
Both Worli and Navi Mumbai are financial hubs with easy access to Bajaj Finance branches, making it simple for investors to open a Bajaj Finserv FD in Navi Mumbai and manage it conveniently.
Choosing the Right Tenure for Children’s Future
- Short-Term Needs (1–2 years): For school fees or short-term courses, opt for FDs of 12–23 months.
- Mid-Term Goals (3–5 years): For extracurricular training or skill-building, choose tenures of 2–4 years.
- Long-Term Goals (5+ years): For higher education, marriage, or gifting assets, longer tenures (5 years) with compounding provide maximum growth.
Tax Implications
FD interest is fully taxable under “Income from Other Sources.”
- TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
- Senior citizens also benefit from Section 80TTB, which allows deduction up to ₹50,000 on FD interest.
Conclusion
Bajaj Finance FDs offer an excellent way to plan for your children’s and grandchildren’s future. With interest rates up to 6.95% for general investors and 7.30% for senior citizens, flexible tenures, and the safety of top credit ratings, they provide a balance of security and growth. By investing strategically, you can ensure your loved ones’ financial needs are met with confidence.
Disclaimer: Interest rates are subject to change at the discretion of Bajaj Finance Ltd. Investors should consider financial goals, liquidity needs, and tax implications before investing.
