Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., has announced a significant uptick in its Fixed Deposit (FD) rates across various tenures. Effective April 3, 2024, the company has raised FD rates for both senior and non-senior citizens, with the highest rate reaching an impressive 8.85% for a 42-month tenure, exclusively for senior citizens.
Senior citizens stand to benefit the most from this adjustment, with rates elevated by up to 60 basis points in select tenures. Non-senior citizens, too, can capitalize on increases of up to 45 basis points. Sachin Sikka, Head of Fixed Deposits & Investments at Bajaj Finance, highlighted the institution’s commitment to providing a secure and lucrative investment avenue, stating, “Our enhanced rates across several investment buckets present an attractive proposition for investors seeking stability.”
With approximately 83.64 million customer franchises and a deposits book exceeding Rs. 60,000 crore as of March 31, 2024, Bajaj Finance reaffirms its position as a leader in the financial services sector. Investors can now leverage the revised rates, securing competitive returns while benefiting from Bajaj Finance’s unparalleled stability ratings and digital investment marketplace.
