.jpg){kind=logo}
There is good news for all the investors. Bajaj Finance Fixed Deposit is offering special interest rates to all its customers. These special interest rates are exclusive of the interest rate up to 7.10% p.a. increase on regular tenors offered by Bajaj Finance w.e.f 25th April 2022.
The FD interest rate points for all categories of investors and tenors will help in quicker growth of one’s investment. The rise in the interest rate is applicable on all deposits made on or after 25th April, 2022. Take a quick look at all the features a Bajaj Finance Fixed Deposit investment offers and Invest Online.
Bajaj Finance Special FD interest rates:
Bajaj Finance Fixed Deposits has also included special interest rates for all customers. With special interest rate one can now choose specific tenors to enjoy interest rates up to 7.35% p.a.
For a tenor of 44 months customers below 60 years of age can enjoy FD interest rate of 7.1% p.a. while senior citizens can earn up to 7.35% p.a.
The special interest rate table for customers below 60 years is:
|
Period |
Cumulative |
|
Non-Cumulative |
|||
|
At Maturity (% p.a.) |
Monthly (% p.a.) |
Quarterly (% p.a.) |
Half Yearly (% p.a.) |
Annual (% p.a.) |
||
|
15 months |
6.00 |
5.84 |
5.87 |
5.91 |
6.00 |
|
|
18 months |
6.10 |
5.94 |
5.97 |
6.01 |
6.10 |
|
|
22 months |
6.25 |
6.08 |
6.11 |
6.16 |
6.25 |
|
|
30 months |
6.50 |
6.31 |
6.35 |
6.40 |
6.50 |
|
|
33 months |
6.65 |
6.46 |
6.49 |
6.54 |
6.65 |
|
|
44 months |
7.10 |
6.88 |
6.92 |
6.98 |
7.10 |
|
For senior citizens the applicable special interest rates are:
|
Period |
Cumulative |
|
Non-Cumulative |
|||
|
At Maturity (% p.a.) |
Monthly (% p.a.) |
Quarterly (% p.a.) |
Half Yearly (% p.a.) |
Annual (% p.a.) |
||
|
15 months |
6.25 |
6.08 |
6.11 |
6.16 |
6.25 |
|
|
18 months |
6.35 |
6.17 |
6.20 |
6.25 |
6.35 |
|
|
22 months |
6.50 |
6.31 |
6.35 |
6.40 |
6.50 |
|
|
30 months |
6.75 |
6.55 |
6.59 |
6.64 |
6.75 |
|
|
33 months |
6.90. |
6.69 |
6.73 |
6.79 |
6.90 |
|
|
44 months |
7.35 |
7.11 |
7.16 |
7.22 |
7.35 |
|
Fixed Deposit new interest rate
Apart from the special interest rate mentioned above, Bajaj Finance has also revised the interest rate for other tenors.
Customers below 60 years can earn 6.40% for a tenor of 24-35 months and 6.90% if they choose a tenor of 36-60 months. The interest rate table for senior citizens is as mentioned below:
|
Table 1 |
||||||
|
Period |
Cumulative |
|
Non-Cumulative |
|||
|
At Maturity (% p.a.) |
Monthly (% p.a.) |
Quarterly (% p.a.) |
Half Yearly (% p.a.) |
Annual (% p.a.) |
||
|
12 – 23 months |
5.75 |
5.60 |
5.63 |
5.67 |
5.75 |
|
|
24 – 35 months |
6.40 |
6.22 |
6.25 |
6.30 |
6.40 |
|
|
36 – 60 months |
6.90 |
6.69 |
6.73 |
6.79 |
6.90 |
|
The rate change also impacts the senior citizens, who can now earn up to 7.15% p.a. for a tenor of 36-60 months and 6.65% p.a. for a tenor of 24-35 months. The interest rate table for senior citizens is as mentioned below:
|
Period |
Cumulative |
|
Non-Cumulative |
|||
|
At Maturity (% p.a.) |
Monthly (% p.a.) |
Quarterly (% p.a.) |
Half Yearly (% p.a.) |
Annual (% p.a.) |
||
|
12 – 23 months |
6.00 |
5.84 |
5.87 |
5.91 |
6.00 |
|
|
24 – 35 months |
6.65 |
6.46 |
6.49 |
6.54 |
6.65 |
|
|
36 – 60 months |
7.15 |
6.93 |
6.97 |
7.03 |
7.15 |
|
About Bajaj Finance Limited
Bajaj Finance Limited, the lending company of the Bajaj Finserv Group, is one of the most diversified NBFCs in the Indian market, catering to more than 44 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
To know more, please visit: www.bajajfinserv.in.
