Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizens

Bajaj Finance has announced a 45-basis point hike in the interest rates of its 31-60 month fixed deposit (FD) schemes, taking the rates up to 7.40%, as per a statement from Bajaj Finance.

After the rate hike, senior citizens can earn up to 7.75% interest rate on their deposits in 31-60 month FDs. The revised interest rates are effective from May 1, 2026, says Bajaj Finance

“The steepest increase in the long-tenure segment of 31-60 months is a strong proposition for depositors looking to lock in attractive yields in the current interest rate environment. Alongside the rate change, tenures have also been restructured for greater flexibility,” Bajaj Finance said in the statement.


Sachin Sikka, senior executive vice president, deposits & wealth management, Bajaj Finance, said, "This revision delivers a sharper hike in the 31-60 month tenure segment, giving depositors, particularly senior citizens, a clear opportunity to lock-in higher yields for the longer term.”

Bajaj Finance FD interest rates for non-senior citizens (effective from May 1, 2026)

Tenure (Current)	ROI (%)	Tenure (New)	ROI (%)	Change (%)
12 – 14 months	6.6	12 – 17 months	6.6	No change
15 – 23 months	6.75	18 – 30 months	6.85	0.1
24 – 60 months	6.95	31 – 60 months	7.4	0.45

Bajaj Finance FD interest rates for senior citizens (effective from May 1, 2026)

Tenure (Current)	ROI (%)	Tenure (New)	ROI (%)	Change (%)
12 – 14 months	6.95	12 – 17 months	6.95	No change
15 – 23 months	7.1	18 – 30 months	7.2	0.1
24 – 60 months	7.3	31 – 60 months	7.75	0.45

Bajaj Finance FD investors can choose between cumulative and non-cumulative payout options (monthly, quarterly, half-yearly and annually).

Check other NBFC FD interest rates

Company Fixed Deposit Rates
Company Name	Credit Rating	Interest Rates (p.a.)		Additional interest rate for senior citizen
		Highest Rate Slab	Applicable tenure
Shriram Finance*	ICRA - AA+; Watch Positive CARE - AAA/Stable CRISIL - AA+; Watch Positive	7.60%	3 years to 5 years	0.50%
Mahindra Finance	CRISIL - AAA/Stable IND AAA/Stable - India Ratings and Research	7.00%	2 years to 5 years	0.20%-0.35%
Manipal Housing Finance Syndicate Ltd.	ACUITE - ACUITE A	8.25%	1 year; 2 years; 3 years	0.25%
PNB Housing Finance Ltd.	CRISIL - AA+ (Stable) CARE - AA+ (Stable)	6.90%	3 years to 5 years	0.25%**
Sundaram Home Finance	CRISIL - AAA/Stable ICRA - AAA/Stable	7.15%	4 years; 5 years	0.35%-0.50%
Muthoot Capital Services Ltd.	CRISIL - A+/Stable	8.95%	36 months	0.25%
ICICI Home Finance	CRISIL - AAA/Stable ICRA - AAA/Stable CARE - AAA/Stable	7.10%	45 months	0.35%
Can Fin Homes Ltd.	ICRA - AAA/Stable	7.50%	3 years	0.25%-0.50%
LIC Housing Finance Ltd.	CRISIL - AAA/Stable	6.90%	5 years	0.25%
*At Monthly Rests. Additional interest of 0.15% p.a on all renewals, where the deposit is matured. Additional interest of 0.05% p.a. for women depositors.
**Applicable for deposits up to Rs 1 crore
Data as on 29 April 2026
Source: Paisabazaar.com