New Delhi, India – 10th  November 2022:

Invest in a Bajaj Finance Fixed Deposit for a fixed tenor as per your convenience and grow your savings at high FD interest rates. Bajaj Finance has revised its FD rates by up to 10 bps, for tenor between 36 to 60 months. These revised rates on Bajaj Finance FDs of up to Rs. 5 Cr are effective from November 08, 2022 and shall be applicable to fresh deposits and renewals of maturing deposits.

Here are some reasons why opening an FD with Bajaj Finance is a smart choice for investors:

  1. Increased returns on longer tenures:

Post the revision, deposits between 36 months to 60 months will offer a cumulative return as high as7.50%. Senior citizens can reap the benefit of upto0.25% higher FD rates, which will offer assured returns of 7.75% for 36 months to 60 months.

Bajaj Finance FD Rates for Non-Senior Citizens, w.e.f. November08, 2022

Tenor (months) Cumulative Non-Cumulative
Monthly Quarterly Half Yearly Annual
12 – 23 6.55 6.36 6.40 6.45 6.55
24 – 35 7.25 7.02 7.06 7.12 7.25
36 – 60 7.50 7.25 7.30 7.36 7.50

The rate change also impacts the senior citizens, who can now earn up to 7.85% p.a. for a tenor of 44 months and 7.75% p.a. for a tenor of 36 – 60 months (except 44 months).

Bajaj Finance FD Rates for Senior Citizens, w.e.f. November 08, 2022

Tenor (months) Cumulative Non-Cumulative
Monthly Quarterly Half Yearly Annual
12 – 23 6.80 6.60 6.63 6.69 6.80
24 – 35 7.50 7.25 7.30 7.36 7.50
36 – 60 7.75 7.49 7.53 7.61 7.75
  1. Increase in Special FD Rates:

Bajaj Finance Fixed Deposits has included special interest rates for all customers. With special interest rate one can now choose specific tenors to enjoy interest rates up to 7.60% p.a. For a tenor of 44 months customers below 60 years of age can enjoy FD interest rate of 7.60% p.a. while senior citizens can earn up to 7.85% p.a.

 

Bajaj Finance Special FD Rates for Non-Senior Citizens:

Period Cumulative   Non-Cumulative
At Maturity

(% p.a.)

Monthly

(% p.a.)

Quarterly

(% p.a.)

Half Yearly

(% p.a.)

Annual

(% p.a.)

15 months 6.70 6.50 6.54 6.59 6.70
18 months 6.80 6.60 6.63 6.69 6.80
22 months 7.05 6.83 6.87 6.93 7.05
30 months 7.35 7.11 7.16 7.22 7.35
33 months 7.35 7.11 7.16 7.22 7.35
44 months 7.60 7.35 7.39 7.46 7.60

Bajaj Finance Special FD Rates for Senior Citizens:

Period Cumulative Non-Cumulative
At Maturity Monthly Quarterly Half Yearly Annual
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
15 months 6.95 6.74 6.78 6.83 6.95
18 months 7.05 6.83 6.87 6.93 7.05
22 months 7.3 7.07 7.11 7.17 7.3
30 months 7.6 7.35 7.39 7.46 7.6
33 months 7.6 7.35 7.39 7.46 7.6
44 months 7.85 7.58 7.63 7.7 7.85
  1. Easy investment process

Bajaj Finance offers the comfort of investing from home, with an end-to-end paperless online process.

  1. Enjoy the safety and credibility ratings

With the online FD process, investors can book an FD in few minutes and can reap the benefit of the lucrative interest rates. Bajaj Finance Fixed Deposit has the highest stability ratings with CRISIL’s AAA/Stable rating and ICRA’s AAA (stable) rating offering one of the safest investment options for investors.

Invest online in just a few steps and make a safe and secure investment to grow your wealth.

By Prabeen