Non-senior citizens will get only 7.70 per cent interest rate per annum for a period of 44 months. The new interest rates will be applicable on fresh deposits of Rs 5 crore and renewals of matured deposits.
If you are looking for good returns with low risk, then there is good news for you. The country’s leading Non-Banking Financial Company (NBFC) has brought a special offer for you. Under this, the company is giving more interest to the customers on Fixed Deposit (FD) than before. Bajaj Finance, a subsidiary of Bajaj Finserv, has increased the interest rates on FDs. The company has increased the interest rates by 25 basis points.
Bajaj Finance (BAJAJ FINANCE FD Rates) has increased the interest rates on FDs of 12 to 23 months by 25 basis points to 7.95 percent. The increased interest rates have been announced for senior citizens. The interest rate available to senior citizens on FD was earlier 7.70 percent. Highest rate available on FD for senior citizens for a tenure of 44 months.
Special gift from Bajaj Finance
According to the information, non-senior citizens will get only 7.70 percent interest rate per annum for a period of 44 months. The new interest rates will be applicable on fresh deposits of Rs 5 crore and renewals of matured deposits.
New interest rates on Bajaj Finance FD
Earlier, Canara Bank, Utkarsh Small Finance Bank, RBL Bank, Union Bank and IDFC First Bank have also increased FD interest rates. In this, Canara Bank (CANARA BANK FD Rates) is giving 7.50% interest for a period of 666 days. Utkarsh Small Finance Bank FD Rates is also giving 8.50 percent interest on FD for a period of 700 days.
These banks also increased the interest rate
RBL Bank (RBL Bank FD Rates) is also offering 7.75 percent interest for a period of 725 days. This offer is for FDs up to Rs 2 crore for senior citizens. Similarly, Union Bank of India FD Rates is also offering 7% interest on 599 days FD. IDFC First Bank (IDFC First Bank FD Rates) is also offering 7.75 percent interest to senior citizens on 750 days FD.