Archive · 7 Oct 2026
Bajaj Finance Raises FD Rates After RBI Repo Increase
Bajaj Finance is paying more interest on some fixed deposits.
The new rates start on October 7 and cover deposits lasting from 12 to 60 months.
People who put money in for 31 to 60 months can get the highest fresh-deposit rates.
Senior citizens can earn more than other depositors.
Customers who renew a deposit that has matured can get an extra 10 basis points.
That makes the highest renewal rates 7.85% for regular customers and 8.25% for senior citizens.
Customers can receive interest when the deposit ends or at regular intervals.
The company said it raised rates most on longer deposits so people can lock in returns for up to five years.
The increase came after the Reserve Bank of India raised its repo rate.
Bajaj Finance raised fixed-deposit rates by 15–40 basis points for tenures of 12–60 months, effective October 7.
The revised rates apply to both fresh deposits and renewals, with the largest increases focused on longer tenures.
Fresh deposits of 31–60 months now offer up to 7.75% for regular customers and 8.15% for senior citizens.
Renewing a maturing deposit adds 10 basis points, taking the top rates to 7.85% for regular customers and 8.25% for senior citizens.
The company said the changes followed the RBI raising its repo rate by 25 basis points to 5.50%; customers can choose cumulative or periodic interest payouts.
- Who
- Bajaj Finance; the revised rates apply to regular depositors and senior citizens.
- What
- It increased fixed-deposit interest rates by 15–40 basis points across 12–60 month tenures.
- When
- The revised rates take effect October 7; the increase was announced Wednesday.
- Where
- India.
- Why
- The change followed the Reserve Bank of India's 25-basis-point repo rate increase; Bajaj Finance said it weighted increases toward longer tenures.
Company rationale
Depositor considerations
Longer deposit tenures
Company rationale
Bajaj Finance said it focused rate increases on longer tenures so depositors could lock in higher returns for up to five years.
Depositor considerations
The articles describe higher rates for longer commitments but do not report a separate depositor or critic response.
- Effective date
- October 7
- Rate increase
- 15–40 basis points across 12–60 month tenures
- Regular customers
- Up to 7.75% on fresh deposits of 31–60 months
- Senior citizens
- Up to 8.15% on fresh deposits of 31–60 months
- Renewal benefit
- An additional 10 basis points for renewing a maturing deposit
- Maximum renewal rates
- 7.85% for regular customers and 8.25% for senior citizens
- Interest payout options
- Cumulative at maturity, or non-cumulative monthly, quarterly, half-yearly or annually
- RBI repo rate
- Raised by 25 basis points to 5.50%, from 5.25%
