Bajaj Finance Child FD

Choose Best Fixed Deposit Scheme For Your Child’s Future

As a parent, you might find it difficult to manage your finances and save for the future due to the increasing school fees and other educational expenses. While it is imperative to work hard for your future, you also need to plan for your child’s career. Therefore, investing early is necessary to save enough to take care of the expenses related to their higher education. 

While FDs offer a stable option to grow your savings, the lowered bank FD rates might be a hindrance to your financial plans. The interest rates provided by Bajaj Finance FD are high enough to help you manage your child’s education. The FD interest rate is high up to 6.50% for Bajaj Finance Child FD. For instance, you invest Rs. 30,00,000 in a bank FD for 3 years. The maximum interest rate you will get for this tenor is 5%. However, if you invest in term deposit plans offered by the post office of India, you will earn slightly better returns at 5.5%. The below table will provide you with more insights regarding the best FD scheme for the child:


FD Plan Amount Tenor  Rate of Interest  Interest  Maturity Amount
Bank FD Rs. 30,00,000 3 years 5% Rs. 4,82,264 Rs. 34,82,264
Post Office FD Rs. 30,00,000 3 years  5.5% Rs. 5,34,204 Rs. 35,34,204
Bajaj Finance FD  Rs. 30,00,000 3 years  6.5% Rs. 6,49,429 Rs. 36,49,429


Apart from a steep difference in the maturity amount, there are many other FD benefits associated with this FD scheme. You get a flexible tenor that spans from 12 to 60 months. It allows you to strategize your deposit earnings as per your child’s age. For example, if your child wants to pursue a professional course after 18 or 20 months, you can set the tenor accordingly. 

Multi-FD feature 

As your child completes his/her education, you notice that there are many expenses that you need to take care of apart from education. These expenses include tuition fees, trips or excursion costs, hobby classes, sports training, and much more. 

Bajaj Finance FD lets you prepare for these expenses by allowing you to open multiple fixed deposit accounts at once. The tenor for each of these deposits can be set as per the financial needs that may arise in the future. 

Loan against FD 

If a sudden expense arises and the maturity date of your deposits is far away, you can prefer to take a loan against the deposits. Bajaj Finance FD offers a loan of up to 75% of your deposited amount. Therefore, there is no need to withdraw your FDs prematurely even when you need funds urgently. 

Low-risk investment 

To safeguard the future of your kids, you will need to pick an investment that is not associated with high risks. Bajaj Finance FD is a low-risk investment that will help you to earn sufficient returns easily. The high credit ratings conferred to Bajaj Finance FD by leading credit rating organizations like CRISIL and ICRA confirm that it is a stable instrument to park your savings. 

Online investment 

With Bajaj Finance FD you don’t have to take a leave from the office to invest in your child’s future. Depositing money online is possible through payment gateways like UPI and net banking. 

Also, an online FD form and online document verification procedure help you to invest in this FD scheme without any effort. Also, you will get a 0.10% higher FD interest rate for selecting the online investment alternative. If you are older than 60, you can get a 0.25% higher interest rate for investing through either online or offline methods. 


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