Pune – Bajaj Finance has good news for all investors and has increased FD rates by up to 40 basis points. The new rates will take effect on January 20, 2023.
According to the announcement, the interest rate for FDs with a 44-month maturity will be 8.10% per annum for seniors and 7.85% per annum for clients under 60 years of age. The new rates will be applicable to all new deposits and renewals with Bajaj Finance for a period of 12 to 60 months.
A comparison of the old and new interest rates for cumulative FD is provided below: You can calculate your investment returns at the revised FD rates with the FD calculator. Along with the revised rates, there are other benefits offered by Bajaj Finance Fixed Deposit:
a. Start with Rs. 15,000 to start investing and meet the minimum investment requirement. The maximum investment for Internet customers is Rs. 5 million rupees; there is no maximum investment for offline clients.
b. Multiple Tenure: You can select a tenure of between 12 and 60 months. The interest rate on your investment will depend on how long you hold it.
C. Flexible Payment Frequency: You can choose to have a fixed, non-cumulative deposit for payment of principal and interest when due, or choose to receive interest payments every month, quarter, semester or every year.
d. Special Tenure for Higher Yields: Bajaj Finance offers special tenure with higher yields. The special holdings are 15, 18, 22, 30, 33, 39, and 44.