Bajaj Finance Ltd.

Bajaj Finance has increased Fixed Deposit (FD) rates for multiple tenures with effect from January 20, 2023. The rate change will be applicable for all deposits starting at Rs 15,000 to Rs 5 crore made for internet clients, while there is no maximum investment for offline clients.

For a tenor of 12-23 months, the interest rate for customers below 60 years has been increased from 7.05% p.a. to 7.15% p.a. However, for senior citizens, the rate has been increased from 7.30% p.a. to 7.40% p.a.

For a tenor of 33 months, the interest rate for customers below 60 years has been increased from 7.30% p.a. to 7.70% p.a. However, for senior citizens, the rate has been increased from 7.55% p.a. to 7.95% p.a.

For the Tenor of 44 months, the rate change for customers below 60 years of age has been from 7.70% p.a. to 7.85% p.a., while for senior citizens, the rate has been changed from 7.95% p.a. to 8.10% 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.