Bajaj Finance has hiked interest rates on fixed deposits (FDs) by 20 basis points across tenures. The new rates are effective from July 1, 2022.
After the latest interest rate hike, individuals can invest for a 44-month term and earn up to 7.50 percent annually.
Bajaj Finance FD interest rates
Bajaj Finance senior citizen FD rates
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.
special interest rate
Investors searching for larger returns and longer investment terms may also choose Bajaj Finance’s special tenor FD. These special rates are available for terms of 15, 18, 22, 30, 33, and 44 months, according a press release issued by Bajaj Finance.
Small monthly instalments
In addition to fixed deposits, Bajaj Finance offers a Systematic Deposit Plan. Each investment is considered as a separate fixed deposit, with deposits starting at Rs. 5000 per month.
