Bajaj Finance, the lending arm of Bajaj Finserv Limited, on Wednesday announced an increase of up to 40 basis points in its Fixed Deposit (FD) rates, taking it to 8.60 percent per annum for senior citizens, for a special tenure of 44 months. The new rates, effective May 10, 2023, are revised higher by 40 basis points on deposits with maturities ranging from 36 months to 60 months.
Live TV
Loading...
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. The revised rates on Bajaj Finance FDs shall be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore, the lender said in a statement.
Bajaj Finance FD Rates (% per annum) for Non-Senior Citizens, w.e.f. May 10, 2023
A. Regular Period
B. Special Period
2. Bajaj Finance FD Rates (% per annum) for Senior Citizens, w.e.f. May 10, 2023
A. Regular Period
B. Special Period
A comparison of old and new interest rates for cumulative FD for Non-Senior Citizens (% per annum), is given below:
Sachin Sikka, Executive Vice President - Fixed Deposits & Investments, Bajaj Finance Ltd said, "Bajaj Finance offers multi-channel options to customers to place FDs with the company through its app, web, branches and distributors in 4000 locations across the country. In addition, Bajaj Finance also offers access to all mutual funds in the country through its investment marketplace app, offering investors a wide array of investment options to choose from."
(Edited by : Anshul)
First Published: May 10, 2023 5:06 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM