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Fixed Deposit (FD) Renewal

Easily renew your fixed deposit in a few steps to get higher interest rates, high ratings, and seamless benefits

Renew FD
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Why you should renew your Fixed Deposit (FD)

1. Continued growth of savings

Renewing your Fixed Deposit allows your savings to grow without interruption. By reinvesting the principal and interest, you can benefit from compounding, ensuring higher returns over time.

2. Better interest rates

The FD renewal process gives you the opportunity to secure higher interest rates, especially if market rates have increased since your initial investment.

3. Convenience and security

Renewing your Fixed Deposit is a hassle-free process, ensuring your money remains safe while earning consistent returns without the need for reinvestment decisions.

Is FD auto renewal possible?

Yes, Bajaj Finance offers an auto-renewal facility for Fixed Deposits. To avail this, you can opt for auto-renewal during the initial investment by selecting the 'Auto Renew' option on the FD form. This ensures that upon maturity, your FD is automatically renewed for the same tenure at the prevailing interest rate, providing uninterrupted growth of your investment.

Conclusion

The auto-renewal facility for FD offers a hassle-free way to reinvest your savings without manual intervention. It ensures continuous growth, eliminates reinvestment delays, and helps secure prevailing interest rates. Opting for this feature simplifies the FD renewal process while maximising returns.

Calculate your expected investment returns with the help of our investment calculators

 

Investment Calculator

FD Return Calculator

Sukanya Samriddhi Yojana Calculator

PPF Calculator

Recurring Deposit Calculator

Provident Fund Calculator

Gratuity Calculator

Frequently asked questions

Does my FD renew automatically?

No, Bajaj Finance Fixed Deposit does not offer an auto-renewal facility. So once your FD reaches its maturity, the principal amount along with interest earned will be transferred to your bank account registered with us.
If you go with offline mode of investment (through branches, sales manager/brokers/partners) you can opt for auto-renewal facility by filing an offline application form.

What is the interest rate offered on FD renewal?

On renewal the FD interest rate offered by Bajaj Finance at the day of maturity will be applicable.

When can I renew my FD?

An FD can be renewed 24 hours before the actual maturity date of your previous fixed Deposit.

Can I renew my FD online?

Yes, you can renew your Fixed Deposit (FD) online through your bank or financial institution’s internet banking or mobile app. Simply log in, navigate to the FD renewal section, and choose the auto-renewal or manual renewal option to reinvest at prevailing interest rates.

What to do after FD is matured?

After your FD matures, you can either withdraw the funds or renew the deposit for continued earnings. If you opt for withdrawal, the amount is credited to your linked bank account. If renewing, check the latest FD interest rates before proceeding.

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