Following the recent repo rate change, Bajaj Finance has good news for all investors looking to invest their money in safe and secure investment options. Interest rates on Fixed Deposits have been boosted by up to 30 basis points, allowing all investors to obtain higher returns. The FD rates have been revised for multiple tenures, and you can earn up to 7.75% p.a. with a minimum deposit of Rs. 15,000.
The FD interest rate has been raised for all categories of investors and tenures, resulting in faster investment growth. Any deposits made on or after October 7, 2022, will be subject to the increased interest rate. Here is an insight into the rate change on each tenure.
FD rates for customers below 60 years of age (w.e.f October 07, 2022)
All customers below 60 years can start investing with just Rs. 15,000 up to Rs. 5 Crore and earn higher returns. For a tenure of 15 months, the interest has increased from 6.55% p.a. to 6.70% p.a.; for a tenure of 33 months, the interest rates have risen from 7.15% p.a. to 7.35% p.a. The new interest rates are as follows:
Tenure
Cumulative
(Old rate)
Cumulative
(New rate)
12 – 23 months
6.35% p.a.
6.55% p.a.
24 – 35 months
6.95% p.a.
7.25% p.a.
15 months
6.55% p.a.
6.70% p.a.
18 months
6.65% p.a.
6.80% p.a.
22 months
6.80% p.a.
7.05% p.a.
30 months
7.05% p.a.
7.35% p.a.
33 months
7.15% p.a.
7.35% p.a.
FD rates for senior citizens (w.e.f 07 Oct, 2022)
All senior citizens can start investing with just Rs. 15,000 up to Rs. 5 Crore and earn higher returns. For a tenure of 15 months, the interest has increased from 6.80% p.a. to 6.95% p.a., and for a tenure of 30 months, the interest rates have risen from 7.30% p.a. to 7.60% p.a. The new interest rates are as follows:
Tenure
Cumulative
(Old rate)
Cumulative
(New rate)
12 – 23 months
6.60% p.a.
6.80% p.a.
24 – 35 months
7.20% p.a.
7.50% p.a.
15 months
6.80% p.a.
6.95% p.a.
18 months
6.90% p.a.
7.05% p.a.
22 months
7.05% p.a.
7.30% p.a.
30 months
7.30% p.a.
7.60% p.a.
33 months
7.40% p.a.
7.60% p.a.
Bajaj Finances online Fixed Deposit can effectively insulate your portfolio from risks while steadily increasing your money. Get a jump on the upcoming fiscal year by booking a Bajaj Finance online FD from the comfort of your home!
Start small monthly investments
In addition to fixed deposits, Bajaj Finance provides the industrys first monthly savings option, the Systematic Deposit Plan. Beginning investments start at a little Rs. 5,000 each month. The revised interest rates are also applicable to Systematic Deposit Plan.
End-to-end online
The online Fixed Deposits from Bajaj Finance allow you to say goodbye to lengthy lines at a branch. By completing a quick and simple FD online application from a laptop or handheld device, one can start investing in a fixed deposit from the comfort of their own home. The entire process can be completed virtually, including submitting the required paperwork and making the deposit.
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 companys 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.