Bajaj Finance hikes FD rate by up to 25 bps: Senior Citizens can earn up to 7.95%

Bajaj Finance, the lending arm of Bajaj Finserv, has increased its fixed deposit (FD) interest rates by up to 25 basis points. The new rates are effective from November 22, 2022. The revised rates on Bajaj Finance FDs shall be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore, as per a press release issued by the company.

Bajaj Finance FD interest rates
According to the Bajaj Finance press release, it has hiked the FD rates by 25 basis points, for tenures between 12 months to 23 months. Senior citizens can earn 7.95 percent per annum on FDs with a term of 44 months, while non-senior citizens can earn up to 7.70 percent per annum.


Bajaj Finance new FD tenure
Bajaj Finance has also introduced a new deposit tenure of 39 months. Depositors can take advantage of the FD interest rate of 7.60 percent for the new duration of 39 months, while senior people can earn up to 7.85 percent per annum.
Depositors who hold their money for 24 to 35 months can earn a cumulative return of up to 7.25 percent under the new Fixed Deposit Scheme. While senior citizens are offered an interest rate of 7.75 percent for 36 months to 60 months.

Bajaj Finance FD Rates

Tenure (months)	Cumulative	Non-Cumulative
		Monthly	Quarterly	Half Yearly	Annual
23-Dec	6.8	6.6	6.63	6.69	6.8
24 - 35	7.25	7.02	7.06	7.12	7.25
36 - 60	7.5	7.25	7.3	7.36	7.5

Bajaj Finance Special FD Rates for Non-Senior Citizens

Period	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
	(% p.a.)		(% p.a.)	(% p.a.)	(% p.a.)	(% p.a.)
15 months	6.95		6.74	6.78	6.83	6.95
18 months	7		6.79	6.82	6.88	7
22 months	7.1		6.88	6.92	6.98	7.1
30 months	7.3		7.07	7.11	7.17	7.3
33 months	7.3		7.07	7.11	7.17	7.3
39 months	7.6		7.35	7.39	7.46	7.6
44 months	7.7		7.44	7.49	7.56	7.7

Bajaj Finance FD Rates for Senior Citizens

Tenure (months)	Cumulative	Non-Cumulative
		Monthly	Quarterly	Half Yearly	Annual
23-Dec	7.05	6.83	6.87	6.93	7.05
24 - 35	7.5	7.25	7.3	7.36	7.5
36 - 60	7.75	7.49	7.53	7.61	7.75

Bajaj Finance Special FD Rates for Senior Citizens

Period	Cumulative		Non-Cumulative
	At Maturity		Monthly	Quarterly	Half Yearly	Annual
	(% p.a.)		(% p.a.)	(% p.a.)	(% p.a.)	(% p.a.)
15 months	7.2		6.97	7.01	7.08	7.2
18 months	7.25		7.02	7.06	7.12	7.25
22 months	7.35		7.11	7.16	7.22	7.35
30 months	7.55		7.3	7.35	7.41	7.55
33 months	7.55		7.3	7.35	7.41	7.55
39 months	7.85		7.58	7.63	7.7	7.85
44 months	7.95		7.67	7.72	7.8	7.95

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