Bajaj Finance hikes FD interest rates by 35 bps: Seniors can earn up to 8.20% on this tenor

Bajaj Finance, the lending arm of Bajaj Finserv, has increased fixed deposit interest rates by up to 35 basis points on select tenors. The new rates are effective from March 4, 2023.
The highest rate offered by Bajaj Finance is 7.95% to regular citizens and 8.20% to senior citizens on special deposit with tenure of 44 months.

According to the Bajaj Finance press release, “The company has hiked FD rates by up to 35 basis points, for tenures between 15 months to 23 months, with effect from March 4, 2023. Depositors below 60 years can earn up to 7.95 per cent per annum. For the special tenure of 33 months introduced last year by Bajaj Finance, non-senior citizens can avail FD interest rates of up to 7.75 per cent per annum while senior citizens can earn up to 8.00 per cent per annum.”


Bajaj Finance FD rates for regular period

Period (months)	Cumulative	Non-Cumulative
	At Maturity	Monthly	Quarterly	Half Yearly
12 - 14 months	7.40	7.16	7.20	7.27
>15 - 23 months	7.50	7.25	7.30	7.36
24 months	7.55	7.30	7.35	7.41
25 - 35 months	7.35	7.11	7.16	7.22
36 - 60 months	7.65	7.39	7.44	7.51

Bajaj Finance FD rates for special period

Period (months)	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
15 months	7.45		7.21	7.25	7.32	7.45
18 months	7.40		7.16	7.20	7.27	7.40
22 months	7.50		7.25	7.30	7.36	7.50
30 months	7.45		7.21	7.25	7.32	7.45
33 months	7.75		7.49	7.53	7.61	7.75
44 months	7.95		7.67	7.72	7.80	7.95

Bajaj Finance FD rates for Senior Citizen for regular period

Period (months)	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
12 - 14 months	7.65		7.39	7.44	7.51	7.65
>15 - 23 months	7.75		7.49	7.53	7.61	7.75
24 months	7.80		7.53	7.58	7.65	7.80
25 - 35 months	7.60		7.35	7.39	7.46	7.60
36 - 60 months	7.90		7.63	7.68	7.75	7.90

Bajaj Finance FD rates for Senior Citizen for special period

Period (months)	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
15 months	7.70		7.44	7.49	7.56	7.70
18 months	7.65		7.39	7.44	7.51	7.65
22 months	7.75		7.49	7.53	7.61	7.75
30 months	7.70		7.44	7.49	7.56	7.70
33 months	8.00		7.72	7.77	7.85	8.00
44 months	8.20		7.91	7.96	8.04	8.20

New vs old interest rates

Bajaj Finance rating
Bajaj Finance Fixed Deposit has the stability ratings with CRISIL’s AAA/Stable rating and [ICRA]AAA(Stable) rating offering one of the safest investment options for investors, as per the press release.