Here FD is getting interest rate up to 7.85%, more returns will be available than many banks

Bajaj Finance has increased the interest rates on its fixed deposits by up to 10 basis points for select tenures. The changed interest rates on Bajaj Finance FDs will be effective from 8 November 2022.

Bajaj Finance has increased the interest rates on its fixed deposits by up to 10 basis points for select tenures.

Bajaj Finance has announced its offer for select tenures. Fixed Deposit But interest rates have been increased by up to 10 basis points. of Bajaj Finance FD But the changed interest rates will be effective from 8 November 2022. Bajaj Finance The new rates will also be applicable on fresh deposits and renewals of maturing deposits, according to a press release of Rs.

After this change, deposits maturing in a period of 36 to 60 months will yield cumulative returns of up to 7.50 per cent. At the same time, senior citizens can get 0.25 percent more benefit in FD rates. 7.75 percent return is being guaranteed for 36 to 60 months.

interest rates for senior citizens

Senior citizens above 60 years of age can earn interest up to 7.85 per cent for a tenure of 44 months. With this, the interest rate for a period of 36 months to 60 months (excluding 44 months) is 7.75 per cent per annum. The new FD rates of Bajaj Finance for senior citizens are applicable from 8 November 2022.

Special FD interest rates

With the special interest rate, one can now choose the tenure chosen. Customers below 60 years of age can now avail an interest rate of 7.60 per cent per annum for 44 months. Whereas, senior citizens can earn an interest rate of 7.85 per cent per annum on it.

Bajaj Finance Rating

With CRISIL’s AAA/Stable rating and ICRA’s AAA (Stable) rating, Bajaj Finance Fixed Deposit has got the highest stability rating. Along with this, it is one of the safest investment options available to investors, according to the company’s press release.

Let us tell you that at present, all banks have increased the interest rates on fixed deposits. Ever since the Reserve Bank of India has increased the repo rate, the FD rates are seeing a rise. Some banks are giving interest rate up to 7.50 percent on FD to the general account holders. An even higher rate of interest is being given to senior citizens. Many banks are giving high interest rates of up to 8 percent on FDs to the elderly. In this there is also private finance company HDFC, which is giving interest at the rate of 7.5 percent on special FD scheme.

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