Bajaj Finance Ltd.

Bajaj Finance has hiked FD rates for multiple tenures from August 26, 2022. The rate change will be applicable for all deposits starting at Rs 15,000 to Rs 5 crore made for a tenor of 12 to 23 months, 15 months, 18 months and 22 months.

For a tenor of 12-23 months, the interest rate for customers below 60 years has been increased from 6.20% p.a. to 6.35% p.a. however, for senior citizens, the rates have been increased from 6.45% p.a. to 6.60% p.a.

For the Tenor of 22 months, the rate change for customers below 60 years of age has been from 6.65% p.a. to 6.80% p.a., while for senior citizens, the rate has changed from 6.90% p.a. to 7.05% p.a.

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.