A Fixed Deposit scheme is a savings option which helps the depositors earn interest
on their money placed with Bajaj Finance Ltd ("BFL") at periodic intervals either
through simple or compounded interest on the principal amount. The interest rates
are typically higher than that offered in saving accounts; owing to the fact that the
money is locked in for a specific period and cannot be withdrawn at the will of the
depositor, except in certain scenarios as stipulated in the terms and conditions and
subject to levy of. applicable prematurity penalty.