Fixed deposits (FDs) are a trusted investment choice for many Indians, offering guaranteed returns, stability, and insulation from market volatility. For residents of Chembur East, Mumbai, Bajaj Finserv brings some of the most competitive FD rates in the industry. These schemes not only provide attractive interest rates but also ensure peace of mind through high safety ratings.
This article highlights the latest Bajaj Finserv FD rates (June 2025), their benefits for Chembur East investors, and why even residents of nearby areas like Navi Mumbai are increasingly opting for them.
High FD Rates by Bajaj Finserv – A Smart Choice for Chembur East Residents
Bajaj Finserv FD rates in Chembur East remain competitive, offering residents attractive returns similar to the nationwide rates.
| 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% |
Senior citizens receive an additional 0.35% benefit, making FDs an attractive option for retirees.
Example 1 – 5-Year FD (Chembur East, General Investor)
- Principal = ₹5,00,000
- Rate = 6.95% (quarterly compounding)
- Maturity Value ≈ ₹6,99,639
- Total Interest Earned ≈ ₹1,99,639
Example 2 – 5-Year FD (Senior Citizen, Chembur East)
- Principal = ₹5,00,000
- Rate = 7.30% (quarterly compounding)
- Maturity Value ≈ ₹7,11,162
- Total Interest Earned ≈ ₹2,11,162
These examples show how Chembur East residents can build steady wealth with long-term deposits.
Flexible Tenures for Effective Planning
One of the strongest benefits for Chembur East residents is Bajaj Finserv’s flexible FD tenures, ranging from 12 months to 60 months.
- Short-term goals (12–14 months): Suitable for liquidity needs like vacations or small purchases.
- Medium-term goals (15–23 months): Balance between growth and accessibility.
- Long-term goals (24–60 months): Ideal for retirement, education, or wealth creation.
For instance, a Chembur East investor depositing ₹10,00,000 for 24 months at 6.95% earns approximately ₹11,43,830 on maturity (quarterly compounding), with a profit of around ₹1,43,830.
Residents in Navi Mumbai enjoy the same benefits, since Bajaj Finserv offers uniform FD rates nationwide.
Safety and Credibility
For Chembur East residents, security is as important as returns. Bajaj Finserv FDs come with the highest credit ratings:
- CRISIL AAA/Stable
- ICRA AAA/Stable
These ratings indicate minimal default risk and make Bajaj Finserv FDs one of the safest investment options.
Ease of Investment
Accessibility is another key advantage for residents in Chembur East and Navi Mumbai, with Bajaj Finserv offering services through its trusted FD agency in Chembur East, making FDs easy to open and manage.
- Online booking: Open or renew FDs digitally in minutes.
- Branch support: Visit nearby financial centers for personalized guidance.
- Low minimum deposit: Start with as little as ₹15,000, making FDs suitable for all investor types.
Taxation and TDS Benefits
Like all FDs in India, interest earned is taxable.
- TDS applies if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens).
- Chembur East investors can submit Form 15G/15H (if eligible) to avoid TDS deduction.
For example, if an investor earns ₹50,000 interest in a year, TDS of 10% (₹5,000) will apply unless exemption forms are filed.
Conclusion
For Chembur East and Navi Mumbai residents, Bajaj Finserv FD rates provide an excellent balance of safety, flexibility, and attractive returns. With tenures from 12 to 60 months, competitive rates up to 6.95% (general) and 7.30% (senior citizens), and the power of compounding, these FDs are a secure path to wealth growth.
Whether you are planning for short-term needs or long-term goals like retirement, Bajaj Finserv FDs are a smart choice for Chembur East investors.