Bajaj Finance Limited (AAA rated NBFC)


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Bajaj Finance Limited (AAA rated NBFC)

Company Profile:
Bajaj Finance Ltd. is the most diversified fastest growing NBFC in the country from one of the most trusted and respected business houses in India & the largest financier of consumer durables in the country and one of the most profitable firms in the category.
Fixed Deposit Highlights:
Now avail best in class fixed deposits from Bajaj Finance Limited (AAA rated NBFC) at attractive rates. BFL offers a wide range of Fixed Deposit Schemes for various investors.

• Rated FAAA by CRISIL, which means highest safety of your money • Attractive and assured rates of interest for your money to grow periodically • 5 maturity buckets carrying different rates of interests to suit everyone’s needs • Flexibility of payment option through electronic (for deposits size more than Rs 50 lakhs) or
physical modes • Special rates for senior citizens, existing customers and group employees • Bajaj Finance in house products available at attractive rates specially to the depositor
Rate of Interest

Period in (Months)
12 15 24 36 48 60

Rate Of Interest (%p.a.)

Cumulative

Effective Yield (P.A.)

9.25% 9.75% 9.40% 9.65% 9.25% 9.25%

9.25% 9.87% 9.84% 10.61% 10.61% 11.13%

Monthly 8.90% 9.30% 9.05% 9.20% 8.90% 8.90%

Rate Of Interest (%p.a.)

Non-Cumulative

Quarterly

Half Yearly

8.95%

9.05%

9.40%

9.40%

9.05%

9.15%

9.30%

9.30%

8.95%

9.05%

8.95%

9.05%

Scheme codes which need to be mentioned on the application form compulsorily (Mentioned in last page)

Annually 9.25% 9.75% 9.40% 9.65% 9.25% 9.25%

Note:
Additional rate of 0.25% p.a. for Senior Citizens (subject to provision of proof of age), Employees – Additional rate of 0.25% p.a. & BFL Existing Live Customers – Additional rate of 0.25% p.a.
Minimum Deposit Value: 1. Delhi/NCR and Mumbai – INR 150,000 2. Bangalore, Chennai, Hyderabad, Kolkata, Ahmadabad & Pune – INR 100,000 3. Rest of India– INR 100,000 (non - cumulative scheme) & INR 50,000 (cumulative scheme)

Who can Apply: • Resident Individuals • Hindu Undivided Family (HUF) • Sole Proprietorship • Partnership Firms • Companies including group companies • Club, Association and Society • Family Trust
Who Cannot Apply • Foreign Citizens • Person of Indian Origins (PIOs) • Non Resident Indians (NRIs) • Charitable Trusts
How To Apply : • Completely filled and signed fixed deposit application form • Following KYC documents as detailed in the application form
(a). Identity Proof (b). Address proof and (c). Depositors photograph
• “At PAR”, CTS compliant Cheque favoring ‘Bajaj Finance Limited – Fixed Deposit Account number 00070350006738 ’’
• Declaration of non taxable income from the depositor, if applicable (Form 15H in case of senior citizens - 60 years and above, and Form 15G in case of below 60 year)
• RR Code on Application Form: “3531”
Mode of Acceptance:
Deposits can be made only by a payable at par Cheque with an exception of RTGS / NEFT for deposits exceeding INR 50 lacs.
Payment of interest:
Interest on the deposit, upto the date of maturity, will be payable, from the date of the realization of cheque or in the case of RTGS / NEFT, the date of transfer to BFL's bank account, which would be considered as the ‘value date’. Interest on deposits placed under non-cumulative options shall be paid on fixed dates as given below:
• Monthly Option – Last date of each month • Quarterly Option – June 30, September 30, December 31 and March 31 • Half Yearly Option – September 30, March 31 • Annual Option – March 31

Premature Withdrawal:
As per RBI Regulations, premature withdrawal is not allowed before completion of three months from the date of deposit, except in case of death of depositor. No interest is payable in case of request for premature withdrawal after the expiry of three months but before six months from date of deposit. Interest, if any, which is already paid to the depositor in respect of the deposit which is prematurely withdrawn before 6 months from the date of deposit, will be deducted along with TDS from the principal amount of deposit and net amount of deposit will be paid to the depositor. In case of request for premature withdrawal after the expiry of six months and before maturity, the interest payable is 2% lower than the interest rate applicable for the period for which the deposit has run. Alternatively, if no rate has been specified for that period, then 3% lower than the minimum rate at which the public deposits are accepted by BFL.
Refund / Renewal of Deposit:
• BFL will send intimation to the depositor and their respective distribution partners, 2 months prior to the maturity date of the deposit. The Option of either renewal or repayment will be given to the depositor. The depositor will have a choice of renewing principal only, principal and interest or opting for repayment on maturity.
• In case, if a depositor does not request for the renewal of the deposit, 7 days prior to the maturity date, BFL will initiate the maturity process. The principal amount along with the accrued interest will be credited to the bank account of the depositor on or before the maturity date.
• Repayment of deposit will be done only through NEFT/RTGS/ECS, based on the mandate provided by the depositor in the application form. Only in case of rejection of NEFT/RTGS instructions, repayment will be done by cheque. When the date of maturity falls on a bank holiday, the repayment will be made on the prior working day.
Documents need to be submitted for opening a Fixed Deposit account:
• Latest photograph • Certified copy of the proof of identify • Certified copy of the proof of address
KYC documentation required:
INDIVIDUAL: • PAN (Mandatory)
Id Proof (Any one): • Passport • Voters ID • Driving License • Aadhar Card

Address Proof (Any one): • Passport • Voters ID • Driving License • Aadhar Card • Latest Utility Bills (Landline • Telephone/Electricity) • Latest Bank Statement/Pass book with Bank • Seal • Registered lease agreement/sale deed
• Demat account statement
Signature Proof (Any one):
• Passport • Driving License
NON INDIVIDUAL
PRIVATE LTD/PUBLIC LTD: • PAN • KYC grid address proof • Certificate of Incorporation • Memorandum & Articles of Association • Authorized signatories list with specimen • signatures • Board resolution for opening the FD • account • ID proof of Authorized Signatories as per • the KYC grid of ID proof requirement
PARTNERSHIP: • PAN • KYC grid address proof • Certificate of registration • Partnership deed • Authorized signatories list with specimen • signatures • ID proof of Authorized Signatories as per • the KYC grid of ID proof requirement
HUF: • PAN of HUF • KYC grid address proof • Self attested copy of PAN card in HUF name • is mandatory • Deed of declaration of HUF • Bank pass book / bank statement / Demat • statement in the name of HUF • KYC of all adult members of HUF as per the • KYC grid
STATUTORY BOARD/LOCAL AUTHORITY:

• PAN • KYC grid address proof • Authorized signatories list with specimen • signatures • Self Certification on Letter Head
REGISTERED SOCIETIES: • PAN • KYC grid address proof • Copy of Registration Certificate under • Societies Registration Act • List of Managing Committee members • Committee resolution for persons • authorised to act as authorised signatories • with specimen signatures • True copy of Society Rules and Bye Laws
• certified by the Chairman/Secretary
Scheme Code:

Scheme Code

Old

New

AC

AC1

AC

AC1

AC

AC1

AC

AC1

AC

AC1

AC

AC1

Annual Cumulative Tenor in months

Premature

Booking

Withdrawal

Cumulative ROI

12

9.25%

15

9.75%

24

9.40%

36

9.65%

48

9.25%

60

9.25%

7.25% 7.75% 7.40% 7.65% 7.25% 7.25%

Scheme Code

Old MNC MNC MNC MNC MNC MNC

New MNC1 MNC1 MNC1 MNC1 MNC1 MNC1

Monthly Non Cumulative
Tenor in months 12 15 24 36 48 60

Booking Non Cumulative ROI
8.90% 9.30% 9.05% 9.20% 8.90% 8.90%

Premature Withdrawal

6.90% 7.30% 7.05% 7.20% 6.90% 6.90%

Scheme Code

Old

New

QNC

QNC1

QNC

QNC1

QNC

QNC1

QNC

QNC1

QNC

QNC1

QNC

QNC1

Quarterly Non Cumulative
Tenor in months

Premature

Booking

Withdrawal

Non Cumulative

ROI

12

8.95%

15

9.40%

24

9.05%

36

9.30%

48

8.95%

60

8.95%

6.95% 7.40% 7.05% 7.30% 6.95% 6.95%

Scheme Code

Old

New

HNC

HNC1

HNC

HNC1

HNC

HNC1

HNC

HNC1

HNC

HNC1

HNC

HNC1

Half Yearly Non Cumulative
Tenor in months 12 15 24 36 48 60

Booking Non Cumulative ROI
9.05% 9.40% 9.15% 9.30% 9.05% 9.05%

Premature Withdrawal

7.05% 7.40% 7.15% 7.30% 7.05% 7.05%

Scheme Code

Old

New

ANC

ANC1

ANC

ANC1

ANC

ANC1

ANC

ANC1

ANC

ANC1

ANC

ANC1

Annually Non Cumulative
Tenor in months 12 15 24 36 48 60

Booking Non Cumulative ROI
9.25% 9.75% 9.40% 9.65% 9.25% 9.25%

Premature Withdrawal

7.25% 7.75% 7.40% 7.65% 7.25% 7.25%

Website . www.rrfinance.com

Email: [email protected] Disclaimer

Call Toll Free: 1800-11-0444 (For BSNL/MTNL only)

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Bajaj Finance Limited (AAA rated NBFC)