2 hrs ago
Bajaj Finance Raises FD Rates, Seniors Can Earn 8.15%
Bajaj Finance has raised the interest it pays on fixed deposits.
The rate depends on how long the money stays invested and how interest is paid.
For a new deposit lasting 31 to 60 months, regular customers can get 7.75% a year if interest is paid at maturity.
Senior citizens can get 8.15% on that kind of new deposit.
People renewing deposits can receive an extra 0.10% benefit.
With that benefit, senior citizens renewing for 31 to 60 months can get up to 8.25%.
Customers can receive interest monthly, quarterly, half-yearly, yearly, or at maturity.
The minimum deposit is ₹15,000.
Bajaj Finance increased fresh fixed-deposit rates, with rises of up to 40 basis points.
For fresh deposits of 31–60 months, regular depositors can earn 7.75% and senior citizens 8.15% at maturity.
The additional rate premium for senior citizens rose from 0.35 to 0.40 percentage points.
Renewing customers receive an additional 0.10% benefit; renewal rates reach 7.85% for regular depositors and 8.25% for senior citizens.
The minimum investment is ₹15,000 and the deposit limit is ₹3 crore; customers can choose cumulative or periodic interest payouts.
- Who
- Bajaj Finance and its fixed-deposit customers, including senior citizens.
- What
- The company revised fixed-deposit rates and added a 0.10% benefit for renewals.
- Where
- Deposits can be booked or renewed through the Bajaj Finance website, mobile app, branches, and partner channels.
- When
- The article does not specify when the revised rates take effect.
- Why
- Bajaj Finance said the revised rates are designed to offer higher returns, particularly on longer-term deposits.
Key facts
- Fresh deposit term
- 31–60 months
- Fresh rate for regular depositors
- 7.75% at maturity
- Fresh rate for senior citizens
- 8.15% at maturity
- Renewal rate for regular depositors
- Up to 7.85% for 31–60 months
- Renewal rate for senior citizens
- Up to 8.25% for 31–60 months
- Minimum investment
- ₹15,000
- Deposit limit
- ₹3 crore
- Company-reported ratings
- AAA/Stable ratings from CRISIL and ICRA
Sources
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