Now Reading: Bajaj Finance raises FD rates, offers up to 7.75%
-
01
Bajaj Finance raises FD rates, offers up to 7.75%
Bajaj Finance has increased interest rates on its fixed deposits by 15 to 40 basis points across tenures of 12 to 60 months, effective October 7, 2026. Regular depositors can now earn up to 7.75% per annum on cumulative deposits for tenures of 31 to 60 months, up from 7.40% earlier.
Senior citizens get an additional 0.40% per annum over regular rates, up from 0.35% earlier, taking the top rate to 8.15% per annum for the same tenure. Renewal deposits earn an extra 0.10% per annum, offering up to 7.85% for regular depositors and 8.25% for senior citizens.
The revised rates apply to deposits of Rs 15,000 to Rs 3 crore. Sachin Sikka, senior executive vice president at Bajaj Finance, said the rate hike is weighted towards longer tenures so depositors can lock in higher returns for up to five years.
Indian Opinion Analysis
The rate hike pushes Bajaj Finance's FD returns closer to the 8% mark for regular depositors, but the increase is concentrated in the 31 to 60 month bucket. Senior citizens gain a slightly larger spread of 0.40% over regular rates, up from 0.35%, making the product more attractive for retirees seeking predictable income. The move signals that Bajaj Finance expects to compete for longer-tenure deposits even as the broader rate cycle remains fluid. The new rates apply from 7 October 2026.
Source: economictimes.indiatimes.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
