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Sunday, July, 3, 2022

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Bajaj Finance Fixed Deposit Interest Rate Rise up to 20 bps, Now Earn up to 7.60 percent p.a.
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Once again, Bajaj Finance offers good news for all investors. Interest rates on Fixed Deposits have been hiked by up to 20 basis points, allowing all investors to receive higher profits. Fixed deposit interest rates have been raised by Bajaj Finance. It now has outstanding interest rates of up to 7.60% p.a. With a minimum deposit of Rs. 15,000, you can now invest online.
 

For all categories of investors and tenors, the FD interest rate has been boosted, resulting in faster investment growth. Any deposits made on or after June 14, 2022, will be subject to the new interest rate. Take a look at the advantages of putting money into a fixed deposit with Bajaj Finance.
 

Fixed Deposit new interest rate

With a minimum deposit of just Rs. 15,000, customers below 60 years can now earn 6.60% p.a. for 24-35 months and 7.20% p.a. if they choose a tenor of 36-60 months. The interest rate table for all customers below 60 years is as mentioned below:

 





Tenor in months



Minimum Deposit



Cumulative



Non-Cumulative





At Maturity

(% p.a.)



Monthly

(% p.a.)



Quarterly

(% p.a.)



Half Yearly

(% p.a.)



Annual

(% p.a.)





12 – 23



Rs. 15,000



5.85



5.70



5.73



5.77



5.85





24 – 35



6.60



6.41



6.44



6.49



6.60





36 – 60



7.20



6.97



7.01



7.08



7.20




The rate change also impacts the senior citizens, who can now earn up to 7.45% p.a. for 36-60 months and 6.85% p.a. for 24-35 months. The interest rate table for senior citizens is as mentioned below: 
 





Tenor in months



Minimum Deposit



Cumulative



Non-Cumulative





At Maturity

      (% p.a.)



Monthly

(% p.a.)



Quarterly

(% p.a.)



Half Yearly

(% p.a.)



Annual

(% p.a.)





12 – 23



Rs. 15,000



6.10



5.94



5.97



6.01



6.10





24 – 35



6.85



6.64



6.68



6.74



6.85





36 – 60



7.45



7.21



7.25



7.32



7.45




The Bajaj Finance Fixed Deposit special interest rate

Bajaj Finance Fixed Deposits has also included special interest rates for all customers. With special interest rates, one can now choose specific tenors to enjoy interest rates up to 7.60% p.a. 
 

For a tenor of 44 months, customers below 60 years of age can enjoy an FD interest rate of 7.20% p.a., while senior citizens can earn up to 7.45% p.a.
 

The revised special rates for customers below 60 years are: 





Period



Cumulative



Non-Cumulative





At Maturity

(% p.a.)



Monthly

(% p.a.)



Quarterly

(% p.a.)



Half Yearly

(% p.a.)



Annual

(% p.a.)





15 months



6.05



5.89



5.92



5.96



6.05





18 months



6.15



5.98



6.01



6.06



6.15





22 months



6.30



6.13



6.16



6.20



6.30





30 months



6.70



6.50



6.54



6.59



6.70





33 months



6.95



6.74



6.78



6.83



6.95





44 months



7.35



7.11



7.16



7.22



7.35



 

The revised special rates for senior citizens are:





Period



Cumulative



Non-Cumulative





At Maturity

(% p.a.)



Monthly

(% p.a.)



Quarterly

(% p.a.)



Half Yearly

(% p.a.)



Annual

(% p.a.)





15 months



6.30



6.13



6.16



6.20



6.30





18 months



6.40



6.22



6.25



6.30



6.40





22 months



6.55



6.36



6.40



6.45



6.55





30 months



6.95



6.74



6.78



6.83



6.95





33 months



7.20



6.97



7.01



7.08



7.20





44 months



7.60



7.35



7.39



7.46



7.60


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Bajaj Finance online Fixed Deposit can successfully buffer your portfolio against dangers while also reliably growing your savings. Book a Bajaj Finance online FD from the convenience of your own home and get a head start on the next fiscal year!
 

Make small monthly instalments to save

Apart from the fixed deposit, Bajaj Finance also offers the Systematic Deposit Plan, an industry-first monthly savings solution. Investors can start contributing as little as Rs. 5,000 per month. These payments will be classified as separate fixed deposits.
 

The FD calculator can estimate gains and fine-tune an asset for the best possible returns. It functions similarly to a SIP, except for the risk of capital loss owing to violent market collapses.
 

Hassle-free process 

Say goodbye to long queues at a branch with the Bajaj Finance online Fixed Deposits. One can easily start investing in a fixed deposit from the comfort of home by going through a quick and easy online application process from a laptop or hand-held device. From submitting essential documents to making the deposit, the entire process can be done virtually. 
 

The Bajaj Finance FD is a top choice for investors wishing to add stability to their portfolios because of its high interest rates and other remarkable features. 

Disclaimer: This Press Release has not been vetted or endorsed by The Eastern Herald's editorial staff.
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