Bajaj Finance raises FD rates

THE REVISED RATES ON BAJAJ FINANCE FIXED DEPOSITS OF UP TO ₹5 CRORE ARE EFFECTIVE FROM MAY 10

PUNE: Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has increased the interest rates on their fixed deposits by up to 10 basis points for tenor between 36 to 60 months.

The revised rates on Bajaj Finance fixed deposits of up to ₹5 crore are effective from May 10, 2022, and shall apply to fresh deposits and renewals of maturing deposits.

Post the revision, deposits between 36 months to 60 months will offer a cumulative return as high as 7% per annum. Senior citizens can reap the benefit of up to 0.25% higher fixed deposit rates, which will offer assured returns of 7.45% per annum for 44 months.

Senior citizens can now earn up to 7.25% per annum for 36-60 months and 6.65% per annum for a tenor of 24- 35 months.

Bajaj Finance fixed deposits has also included special interest rates for all customers. With special interest rates, one can now choose specific tenors to enjoy interest rates up to 7.45% per annum.

For a tenor of 44 months, customers below 60 years of age can enjoy a fixed deposit interest rate of 7.20% per annum.

Bajaj Finance offers the comfort of investing from home with an end-to-end paperless online process.

With the online process, investors can book a fixed deposit in a few minutes and can reap the benefit of the lucrative interest rates.

Bajaj Finance fixed deposit has a high stability rating, with CRISIL’s FAAA/ Stable rating and ICRA’s MAAA (stable) rating offering one of the safest investment options for investors.