Pune: Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has increased the Interest Rates on their Fixed Deposit (FD) programme by up to 20 basis points, for tenor between 24 to 60 months (except 44 months).
The revised rates on Bajaj Finance FDs of up to 20 basis points have been effective from June 14, 2022, and shall be applicable to fresh deposits and renewals of maturing deposits.
Post the revision, deposits between 36 months to 60 months will offer a cumulative return as high as 7.20%. Senior citizens can reap the benefit of up to 0.25% higher FD rates, which will offer assured returns of 7.45% for 36 months to 60 months.
Bajaj Finance offers the comfort of investing in FD from home too, with an end-to-end online process. 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 FAAA/Stable rating and ICRA’s MAAA (stable) rating offering one of the safest investment options for investors.