Bajaj Finance offers better FD benefits than others; Know how much interest you will get now
Bajaj Finance FD Rate: Many people like to invest without risk. In such a situation, a fixed deposit is a very good option. Today there is good news for those investing in the FD scheme. Bajaj Finance has announced an increase in FD rates by 60 basis points (bps). The new rates have come into effect from April 3, 2024.
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FD is also a very good option to invest without risk. Today there is good news for those investing in FD.
Today Bajaj Finance, a subsidiary of Bajaj Finserv, has announced an increase in FD rates by up to 60 basis points (bps).
Bajaj Finance is a non-banking financial company. The new FD rate of the bank has come into effect from 3 April 2024.
The company has increased the FD rate for senior citizens with a tenure of 25-35 months by 60 bps. At the same time, FDs with a tenure of 18-24 months have increased by 40 bps points.
Bajaj Finance has also increased the FD rates for the general public. 45 bps have increased rates on FDs with tenures of 25-35 months, while 40 bps have increased those on FDs with tenures of 8 and 22 months and those with tenures of 30 and 33 months by 35 bps. The company has issued a press release regarding the new FD rate.
Seniors can take advantage of FD rates as high as 8.85% if they digitally book FDs with a 42-month term. On the other hand, the general public will receive 8.6% interest on this FD.
As of March 31, 2024, Bajaj Finance claimed to have over Rs 60,000 crore in deposits, making it the largest deposit-taking nonbank financial institution in the nation.
