FD Interest New Rates: Good news for senior citizens! Upto 8.60% interest available on FD here. Sachin Sikka, Executive Vice President (Fixed Deposits & Investments), Bajaj Finance said, “We have introduced the facility of long term deposits at attractive interest rates for our customers. This has led to a sharp increase in term deposits.
Bajaj Finance FD rates 2023: Bajaj Finance, a company having a special place in non-banking financial companies, is offering a good interest rate on its fixed deposit scheme. Due to this, the size of fixed deposits of NBFCs has increased considerably. The country’s leading Non-Banking Financial Company (NBFC) Bajaj Finance Ltd. said on Monday that the size of its Fixed Deposit has crossed Rs 50,000 crore.
Sachin Sikka, Executive Vice President (Fixed Deposits & Investments), Bajaj Finance, said in a statement, “We have introduced the facility of long term deposits at attractive interest rates for our customers. This has led to a sharp increase in term deposits. It has doubled in the last two years. ”He said that due to ease of functioning digitally, fixed deposits have also increased and it has crossed Rs 50,000 crore.
What are the FD Rates of Bajaj Finance?
Bajaj Finance, a subsidiary of Bajaj Finserv, is offering 8.60 per cent interest for senior citizens and 8.35 per cent for others on fixed deposits for a period of 44 months. At the same time, interest is being paid at the rate of 7.40 percent on FD for 12 months and 7.55 percent for 24 months. At the same time, the interest rate on deposits of 36 to 60 months is 8.05 percent. Bajaj Finance is offering 0.25 percent additional interest on all these deposits to senior citizens.
Bajaj Finance says that customers should choose its FD as their CRISIL and ICRA ratings are stable. FDs can start from Rs 15,000, will get tenure from 12 to 60 months, and will get flexibility. The NBFC is offering higher interest rates on its special tenures of 15, 18, 22, 30, 33 and 44 months. If you put money in long tenure, then you will also get the benefit of compounding interest.
