Bajaj Finance Hikes FD Interest Rates: Bajaj Finance has decided to hike interest rates on FDs. It has announced that it will increase up to 60 bps points. With this, the highest interest rate for senior citizens will be 8.85 percent. Full details like this..
Bajaj Finance Hikes FD Interest Rates: Bajaj Finance has announced a bumper offer on fixed deposits. Interest rates on FDs for various tenures have been increased by up to 60 bps. It offers the highest interest rate of 8.85 percent. It offers the highest interest rate of 8.85 per cent on FDs with tenure of 42 months for senior citizens. The interest offered to senior citizens has been increased to 60 basis points for a select time period. Bajaj Finserv, a part of the company, has announced interest rate hikes on most of its fixed deposits of various tenures.
From April 3, 2024, the company has decided to increase the interest rate for senior citizens on fixed deposits of 25 to 35 months by 60 basis points and on FDs with tenure of 18 to 24 months by 40 basis points. For general customers, the interest rate on fixed deposits with tenure of 25 to 35 months has been increased by 45 basis points, the interest rate on FDs with tenure of 20 to 35 months has been increased by 40 basis points, and the interest rate on FDs with tenure of 30 to 33 months has been increased by 35 basis points.
Bajaj Finance with this decision provides a better opportunity for savers to get stable and better income in the current market conditions. Senior citizens can continue to avail FD rates up to 8.85%. Other customers can avail interest rate of 8.60 per cent by digitally booking FDs with tenure of 42 months.
Sachin Sikka, Head, Fixed Deposits & Investments, Bajaj Finance, said that they have raised interest rates across several investment buckets to offer attractive interest rates to investors seeking stability. Millions of depositors have put their faith in the Bajaj brand over the years. They said that they are focusing on providing them with better services and a safer option for their savings. As on March 31, 2024, Bajaj Finance’s customer franchise is approximately 83.64 MM.. 60 thousand crores in the form of deposits and the company has become the highest deposit-taking NFBC in the country.
Read also: Rupay Credit Card: New feature added to Rupay Credit Card, shoppers…
