Fixed deposit interest rates have been raised by Bajaj Finance. Interest rates on Fixed Deposits have been hiked by 10 basis points, allowing all investors to receive higher profits. It presently has outstanding interest rates of up to 7.45 percent per annum. With a minimum deposit of Rs 15,000, you can now invest online.
The FD interest rate has been raised for all types of investors and tenors, resulting in faster investment growth. Any deposits made on or after May 10, 2022, will be subject to the increased interest rate. Explore the benefits of a Bajaj Finance Fixed Deposit investment.
New Interest Rate on Fixed Deposit:
Customers under 60 years old can now earn 6.40 percent p.a. for 24-35 months and 7.00 percent p.a. for 36-60 months with a minimum deposit of just Rs. 15,000 The following is the interest rate table for all customers under the age of 60:
|
Tenor in Months |
Minimum Deposit |
Cumulative (% p.a.) |
Non- Cumulative (% p.a.) |
|||
|
|
|
At Maturity |
Monthly |
Quarterly |
Half Yearly |
Annual |
|
12-23 Months |
Rs 15,000 |
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 |
7.00 |
6.82 |
6.82 |
6.88 |
7.00 |
|
Senior citizens, who can now earn up to 7.15 percent p.a. for 36-60 months and 6.65 percent p.a. for 24-35 months, are also affected by the rate change. The following is a table of senior citizen interest rates:
|
Tenor in Months |
Minimum Deposit |
Cumulative (% p.a.) |
Non- Cumulative (% p.a.) |
|||
|
|
|
At Maturity |
Monthly |
Quarterly |
Half Yearly |
Annual |
|
12-23 Months |
Rs 15,000 |
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 |
|
The Bajaj Finance Fixed Deposit special interest rate:
Fixed Deposits from Bajaj Finance offer special interest rates to all customers. With special interest rates, you can now select specific tenors to receive interest rates as high as 7.45 percent per annum.
Customers under 60 years of age can earn 7.20 percent per annum on a 44-month FD, while senior persons can earn up to 7.45 percent per annum.
The following are the updated special rates for clients under the age of 60:
|
Tenor in Months |
Cumulative (% p.a.) |
Non- Cumulative (% p.a.) |
|||
|
|
At Maturity |
Monthly |
Quarterly |
Half Yearly |
Annual |
|
15 Months |
6.00 |
5.84 |
5.87 |
5.91 |
6.00 |
|
18 Months |
6.10 |
6.94 |
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 |
6.75 |
6.55 |
6.59 |
6.64 |
6.75 |
|
44 Months |
7.20 |
6.97 |
7.01 |
7.08 |
7.20 |
The revised special rates for senior citizens are:
|
Tenor in Months |
Cumulative (% p.a.) |
Non- Cumulative (% p.a.) |
|||
|
|
At Maturity |
Monthly |
Quarterly |
Half Yearly |
Annual |
|
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 |
7.00 |
6.79 |
6.82 |
6.88 |
7.00 |
|
44 Months |
7.45 |
7.21 |
7.25 |
7.32 |
7.45 |
To save, make small monthly installments. Bajaj Finance also offers the Systematic Deposit Plan, an industry-first monthly savings solution, in addition to fixed deposits. Investors can begin making monthly contributions of as little as Rs. 5000. These payments will be treated as individual fixed deposits.
The FD calculator can estimate gains and fine-tune an asset for maximum returns. Except for the danger of capital loss due to dramatic market collapses, it works similarly to a SIP.
