Bajaj Finance increases fixed deposit interest rates

Bajaj Finance Limited, a leading non-banking financial company (NBFC) in India, has increased its fixed deposit (FD) interest rates by 15 to 40 basis points. The revised rates are now officially in effect across various tenures ranging from 12 to 60 months.

For regular investors, the maximum interest rate has reached 7.75% per annum for tenures between 31 and 60 months. Senior citizens receive an additional 0.40% interest, bringing their fresh deposit rate to 8.15% for the same period. Those renewing maturing deposits can access even higher rates, with senior citizens potentially earning up to 8.25%.

The company offers both cumulative and non-cumulative options, allowing investors to choose between interest payouts at monthly, quarterly, half-yearly, or annual intervals.