Senior citizen FD rates 2026: Use an FD calculator to maximise your retirement returns

Senior citizens earn a higher rate on Bajaj Finance Fixed Deposits, and an online calculator helps estimate exactly how much that translates to at maturity. Rates go up to 7.75% p.a. within the 31 to 60-month tenure band.

• Senior citizen rate: Up to 7.75% p.a.; general rate: up to 7.40% p.a.
• Senior citizen benefit: Additional 0.35% p.a. over the prevailing general rate
• Minimum investment: Rs. 15,000; tenure: 31 to 60 months
• Payout options: Monthly, quarterly, half-yearly, annual, or at maturity
• Safety ratings: CRISIL AAA/Stable and ICRA AAA (Stable)

Calculate your returns with the FD calculator and book your FD in minutes.

What are the fixed deposit rates for senior citizens?

Within the 31 to 60-month tenure band, senior citizen fixed deposit rates by payout frequency are:

Payout frequency	Senior citizen rate (p.a.)	General rate (p.a.)
At maturity	7.75%	7.40%
Monthly	7.49%	7.16%
Quarterly	7.53%	7.20%
Half-yearly	7.61%	7.27%
Annual	7.75%	7.40%

How does the senior citizen rate benefit work?

Investors aged 60 and above receive an additional 0.35% p.a. over the general rate on the same tenure and payout frequency. The benefit is applied automatically once your age is verified during Know Your Customer (KYC), so no separate application is needed.

How can an FD calculator help you plan retirement income?

A calculator turns your deposit amount and chosen payout frequency into a clear income estimate.

• Enter your investment amount, starting from a low minimum investment of Rs. 15,000
• Select a tenure within the 31 to 60-month range
• Choose Non-Cumulative for periodic income, or Cumulative for a lump sum at maturity
• View your projected periodic payout or maturity amount instantly

Cumulative vs non-cumulative FD: Which is better for retirement income?

Feature Interest payout	Cumulative FD	Non-Cumulative FD
Interest payout	Compounded, paid at maturity	Paid periodically (monthly, quarterly, half-yearly, annual)
Best for	Lump-sum retirement corpus	Regular retirement income
Loan against FD	Up to 75% of FD amount	Up to 60% of FD amount

How do you book a senior citizen Fixed Deposit online?
Booking an FD online takes under 10 minutes. Complete your application entirely from bajajfinserv’s official website — no branch visit required for existing customers.

1. Visit bajajfinserv.in/investments/fixed-deposit and click ‘Invest Now’ or ‘Open FD’.
2. Enter your mobile number and validate with the OTP sent to your registered number.
3. Enter your investment amount (minimum Rs. 15,000) and select your preferred tenure (31 to 60 months).
4. Choose your FD type: Cumulative (interest paid at maturity) or Non-Cumulative (periodic interest payout).
5. If Non-Cumulative, select your payout frequency: monthly, quarterly, half-yearly, or annual.
6. Complete your KYC: provide PAN, Aadhaar or other valid address proof, and bank account details for maturity proceeds.
7. Review the applicable senior citizen rate and projected maturity amount using the FD calculator.
8. Confirm and submit your application. Your FD will be booked and a confirmation will be sent to your registered email and mobile.

Tax Deducted at Source (TDS) will be deducted if total interest credited in a financial year exceeds Rs. 5,000. TDS rate: 10% (with PAN) or 20% (without PAN). Premature withdrawal is subject to applicable penalties. Bajaj Finance Limited is a registered NBFC-D with the Reserve Bank of India. This FD is not covered under Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance.

Why are safety ratings important for retirement savings?

This is a Corporate Fixed Deposit issued by an NBFC (Non-Banking Financial Company), not a bank FD, so it is not covered by DICGC insurance. Bajaj Finance Limited is registered with the Reserve Bank of India (RBI) as a Deposit-Taking NBFC (NBFC-D). For retirement savings, the Credit Rating Information Services of India Limited (CRISIL) AAA/Stable and Investment Information and Credit Rating Agency (ICRA) AAA (Stable) ratings, the highest assigned to any NBFC FD in India, serve as the safety anchor in place of DICGC cover.

A senior citizen Fixed Deposit from Bajaj Finance combines a rate of up to 7.75% p.a. with CRISIL AAA/Stable and ICRA AAA (Stable) safety ratings, making it a dependable retirement building block. Running your numbers through the FD calculator first helps you pick the tenure and payout frequency that best supports your retirement income needs.

Note: Fixed Deposits offered by Bajaj Finance Limited are subject to the terms and conditions specified at the time of booking. Bajaj Finance Limited is registered with the Reserve Bank of India as a Deposit-Taking Non-Banking Financial Company (NBFC-D). These deposits are not insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) and are not covered under any deposit insurance scheme applicable to bank deposits. Credit ratings of CRISIL AAA/Stable and [ICRA]AAA(Stable) indicate the highest degree of safety with regard to timely payment of interest and principal but do not constitute a recommendation to buy, sell, or hold the instrument. Interest rates are subject to change and are applicable as per the rate card in effect on the date of investment. TDS will be deducted as per applicable tax laws. Please read all scheme-related documents carefully before investing.

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