Bajaj Finance has declared increases in fixed deposit rates
Bajaj Finance has announced increases in fixed deposit rates across various terms. Effective April 3rd, the company has raised FD rates for senior citizens by as much as 60 basis points in the 25-to-35-month tenure and 40 basis points in the 18-to-24-month tenure. For non-senior citizens, rates have been increased by up to 45 bps in the 25-to-35-month tenure, 40 bps in the 18 and 22-month tenures, and 35 bps in the 30 and 33-month tenures. FD rates now stand at up to 8.6% for senior citizens and up to 8.5% for non-seniors for 42 months.
FD rate for below the age of 60
| Tenure in month | At Maturitiy(p.a) | Monthly(p.a.) | Quarterly(p.a.) | Half Yearly(p.a.) | Annual(p.a.) |
| 42 | 8.6 | 8.28 | 8.34 | 8.42 | 8.6 |
FD rate for above the age of 60
| Tenure in month | At Maturitiy(p.a) | Monthly(p.a.) | Quarterly(p.a.) | Half Yearly(p.a.) | Annual(p.a.) |
| 42 | 8.85 | 8.51 | 8.57 | 8.66 | 8.85 |
As declared by Bajaj fianace.
