highlights
Bajaj Finance has increased interest rates on FD.
For seniors, the rate is up to 8.60 percent
From May 10, 2023, new FD rates will come into force
Pune. Bajaj Finance on Wednesday announced an increase in its fixed deposit (FD) rates by up to 40 basis points. This puts the rates for FDs with a special term of 44 months for seniors at 8.60 percent per year.
The new tariffs will apply from May 10, 2023. For deposits with a maturity of 36 months to 60 months, these have been increased by 40 basis points. Depositors under the age of 60 can now earn interest of up to 8.05 percent a year, while seniors can earn interest of up to 8.30 percent a year. The amended rates for Bajaj Finance FDs apply to new deposits up to Rs 5 crore and the renewal of maturing deposits.
Bajaj Finance offers inflation interest on FDs
Sachin Sikka, Executive Vice President – Fixed Deposits & Investments, Bajaj Finance Ltd. said: “FDs have become a preferred investment option due to rising interest rates. Bajaj Finance’s above-inflation interest rates on FDs offer clients a safe investment opportunity and allow them to earn higher returns on deposits. Depositors can do FD in minutes through our digital channels. The digital and paperless process makes FD extremely convenient and fast.”
Flexibility to choose from multiple investment options
Bajaj Finance offers one of the best interest rates among the leading financial institutions in the country. The digital services offer investors a safe and easy way to set aside and grow their savings. As part of its omni-channel strategy, Bajaj Finance Limited offers its clients multi-channel FD access options through its app, web branches and distributors in 4,000 locations across the country. Additionally, Bajaj Finance offers access to all mutual funds in the country through its Investment Marketplace app, giving investors the flexibility to choose from a range of investment options.
Invest from home
Bajaj Finance offers the convenience of investing from home with an end-to-end digital and paperless process. With the online FD process, investors can book FDs in minutes and enjoy attractive interest rates. Bajaj Finance Fixed Deposit enjoys the best stability rating with CRISIL’s AAA/Stable rating and ICRA’s AAA/Stable rating, making it one of the safest investment options for investors.
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Tags: Bank FD, FD prices, fixed deposits, Tips for making money
FIRST RELEASED : May 10, 2023 9:27 PM IST
