Bajaj Finance Limited, Bajaj Finserv’s financing and investment subsidiary has officially unveiled that fixed deposit (FD) rates for tenures of 36 to 60 months have been raised by up to 40 basis points. These updated Fixed Deposit Bajaj Finance rates of less than Rs 5 crores are valid as of 1 February 2021. For initial deposits and renewals of maturing deposits, the updated interest rates apply. According to the official statement, for deposits from 36 months and 60 months, the fresh FD customers will get 7 per cent annual cumulative return rather than 6.60 per cent earlier. In case you make a deposit towards your FD through the website of Bajaj Finance, you will benefit from a higher rate of 0.10 percent. Senior citizens will get 0.25 percent higher FD rates compared to the regular customers irrespective of their investment mode, over the same time period, a return of 7.25 percent.
Bajaj Finance FD Rates
| Tenure | ROI in % for general public | ROI in % for senior citizens |
| 12-23 | 5.98 to 6.15 | 6.22 to 6.40% |
| 24-35 | 6.41 to 6.60 | 6.64 to 6.85 |
| 36-60 | 6.79 to 7.00 | 7.02 to 7.25 |
Bajaj Finance FD Old Rates
| Tenure | Old rates | Current rates as of 1 Feb 21 |
| 12-23 | 6.1 | 6.15 |
| 24-35 | 6.3 | 6.6 |
| 36-60 | 6.6 | 7 |
Bajaj Finance FD Rates For Senior Citizens
| Tenure | ROI in % |
| 12-23 | 6.15 |
| 24-35 | 6.6 |
| 36-60 | 7 |
According to the table mentioned, there was a spike of 5 basis points between 12 months and 23 months for FDs and a raise of 30 basis points between 24 months and 36 months for FDs. For tenures lasting between 36 and 60 months, there has been a rise of 40 basis points. One more benefit of 0.25 percent will be earned by senior citizens investing in a Bajaj Finance online FD, irrespective of the mode of deposit. It should be remembered that Bajaj Finserv has updated the 5 basis points for FDs around 12 months to 23 months. The FDs also saw a rise of 30 basis points from 24 months to 36 months according to the company. For FDs of tenures between 12-23 months, initial customers will earn an interest of 6.15 per cent. 6.10 percent was the old rate. Those who open a FD for 24 to 35 months will benefit from an interest rate of 6.60 percent, relative to the 6.30 percent previous rate.
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