Bajaj Finance's Fixed Deposit Rates Increased Up To 25 Basis Points

The updated Bajaj Finance FD rates will apply to new deposits as well as renewals of maturing accounts up to Rs 5 crore.

With effect from December 22, 2022, Bajaj Finance, the lending division of Bajaj Finserv Limited, increased its fixed-deposit (FD) rates by up to 25 basis points for terms of 12 to 24 months. The updated Bajaj Finance FD rates will apply to new deposits as well as renewals of maturing accounts up to Rs 5 crore.

In accordance with the consequences of the RBI's policy, a number of financial institutions recently altered their FD rates on a few specific maturity periods. For terms between 12 months and 24 months, Bajaj Finance is raising interest rates by up to 25 bps in an effort to entice more investors to choose this alluring investment choice.

A comparison of old and new interest rates for cumulative FD for Non-Senior Citizens is given below:

Some features of the Bajaj Finance Fixed Deposit are listed below: