Bajaj Finance hikes FD rates on investments from 1 to 5 year

Bajaj Finance Limited, the lending arm of Bajaj Finserv Limited, is one of the most diversified NBFCs in the Indian market, catering to more than 50 million customers.  

For a range of tenures, Bajaj Finance raises interest rates on fixed deposits (FDs) by 20 basis points. As of July 1, 2022, the revised rates will be applicable

Bajaj Finance has revised its fixed deposit rates by up to 20 bps for all customers.  

The revised rates are applicable for investments starting at Rs. 15,000 to Rs. 5 crores for a tenor of 1 to 5 years. 

After the latest interest rate hike, individuals can invest for a 44-month term and earn up to 7.50 percent annually.

Bajaj is now offering interest rates up to 7.60% p.a. for senior citizens investing for a tenor of 44 months. 

Deposit with a term of 36 to 60 months will yield a cumulative return of 7.20% p.a 

Deposit with a term of 24 to 35 months would yield 6.60% p.a 

The interest rate on FDs increased by ten basis points to 5.85% p.a. for the period from 12 to 23 months. 

Senior citizens can now 7.65 percent per year for 36 to 60 month FDs, and 7.20 percent per year for tenor of 24 to 35 months.

With Bajaj Finance, you can also opt for a non-cumulative deposit, in which the interest payout is done monthly, quarterly, half-yearly or yearly, based on your preference.  

With Bajaj Finance, you can also opt for a non-cumulative deposit, in which the interest payout is done monthly, quarterly, half-yearly or yearly, based on your preference.