Bajaj Finance has increased interest rates on their Fixed Deposit (FD) program by up to 10 basis points for tenors between 36 to 60 months. The revised rates on Bajaj Finance FDs of up to Rs 5 crore are effective from May 10, 2022, and shall apply to fresh deposits and renewals of maturing deposits.
Post the revision, deposits between 36 months to 60 months will offer a cumulative return as high as 7% p.a. Senior citizens can reap the benefit of up to 0.25% higher FD rates, which will offer assured returns of 7.45% p.a. for 44 months. The rate change also impacts the senior citizens, who can now earn up to 7.25% p.a. for 36-60 months and 6.65% p.a. for a tenor of 24-35 months.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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