Bajaj Finance Offers Anti-Inflation Interest Rates on Term Deposits – Details
Bajaj Finance fixed deposit rates: Bajaj Finance announced to offer interest rates on term deposits that would beat inflation. The company, in a statement on Wednesday, said it would offer an interest rate of up to 7.75% on term deposits.
Promising a risk-free investment, the company offers a return of 7.75% to seniors on a minimum FD of Rs 15,000. The company has fixed tenure for all DFs attracting a return of 7.75%, i.e. 44 months.
The Non-Banking Financial Corporation (NBFC) also said that variable amounts will also have variable maturities with highest FD rates.
The company added that it plans to create the highest level of security and the lowest investment risk. Customers can get special interest rates by investing online by filling out a form or can visit the nearest Bajaj Finance FD branch.
Bajaj Finance also offers a Systematic Deposit Plan (SDP), which is a monthly savings plan. The minimum investment must be Rs 5,000 per month for this program.
Bajaj Finance FD Interest Rate – Details’
Duration: 12 to 23 months
Age Range and DF Rate: Elderly – 6.45% per year
Under 60 – 6.20% per year
Duration: 24 to 35 months
Age group and DF rate: Elderly 7.20% per year
Under 60 6.95% per year
Term: 36 to 60 months
Age group and FD rate: Senior Citizens 7.65% per year
Under 60 7.40% per year