Bajaj Finance Hikes FD Rates For Most Of The Tenures; Highest Rate Continues At 8.85%

Bajaj Finance, part of Bajaj Finserv, has increased Fixed Deposit rates for senior citizens by up to 60 basis points (bps) in the 25 to 35 month tenure and 40 basis points in the 18 to 24 month tenure, effective from 3 April 2024.

For non-senior citizens, rates have been hiked by up to 45 basis points in the 25 to 35 month tenure, 40 basis points in the 18 and 22 month tenures and 35 basis points in the 30 and 33-month tenures.

The move presents an opportunity for savers to secure stable and better returns in prevailing market conditions. Senior citizens can continue to avail FD rates of up to 8.85 per cent and non-senior citizens can take benefit of rates of up to 8.60 per cent, by booking digitally in the 42 months tenure.

Sachin Sikka, Head of Fixed Deposits and Investments at Bajaj Finance said, “Our enhanced rates across several investment buckets present an attractive proposition for investors seeking stability. Over the years, millions of depositors have placed their trust in the Bajaj brand. We continue to stay focused on offering them a better experience, more value and a safe option for their savings.”