Introduction

Bajaj Finance has recently hiked FD Rates up to 40 bps for new depositors as well as old depositors. Following the hike, 44 months of special tenure for senior citizens will invite an interest rate of 8.60 percent per annum.

Bajaj Finance, the lending arm of Bajaj Finserv, on Wednesday, increased its fixed deposit (FD) rates by up to 40 basis points. Following the hike, 44 months special tenure for senior citizens will invite an interest rate of 8.60 percent per annum. The new rates are revised higher by 40 basis points on deposits with maturities ranging from 36 months to 60 months, it said.

Depositors below 60 years can earn up to 8.05 percent per annum, while senior citizens can earn up to 8.30 percent per annum, it said. The revised rates on Bajaj Finance FDs shall be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore, it said.

Conclusion

There is a sudden hike in the FD rates up to 40 bps by Bajaj Finance. The new depositors and old depositors can avail of this feature from Bajaj Finance. This is the best time for people who wants to take the Fixed Deposit.