Bajaj Finance Introduces Higher Fixed Deposit Rates for Special Term

Bajaj Finance, a subsidiary of Bajaj Finserv, is now offering higher fixed deposit (FD) rates for specific maturity periods. Investors can enjoy market-best FD rates by choosing a special tenure for their investment. For instance, Bajaj Finance customers can earn an interest rate of up to 8.60% per annum from as little as INR 15,000, depending on the tenure chosen for their FD. Special tenures available include 15, 18, 22, 30, 33, and 44 months, and the interest rate is higher compared to regular tenures. By selecting the special tenure of 44 months, customers can earn approximately 0.05% more than they would earn with the regular tenure of 45 months.
Investors should consider their investment horizons, along with their respective financial goals, when choosing the right tenure period. Bajaj Finance’s Systematic Deposit Plan is another option for strategic investing that allows customers to deposit an amount between INR 5,000 and INR 5 crore per month, depending on their chosen tenure. Once the tenure period is up, customers can withdraw the entire deposit and the interest earned in one lump sum. Alternatively, they can choose the Monthly Maturity Scheme, which distributes the aggregated value of each FD every month after the maturity period. Bajaj Finance’s fixed deposit program is rated AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and offers a variety of financial services products to its customers. Check out Bajaj Finance’s website to view the latest interest rates for its fixed deposit program.