Bajaj Finance raises interest rates on FDs by up to 40 basis points

On Wednesday, Bajaj Finance raised the interest rates on Fixed Deposits by up to 40 basis points.

After the hike, a  44-month tenure for older citizens will carry an interest rate of 8.60% annually.

On deposits with maturities ranging from 36 months to 60 months, the new rates are increased by 40 basis points, according to the statement.

According to the statement, depositors under the age of 60 can earn up to 8.05% annually, while depositors over 60 can earn up to 8.30% annually.

The company stated that the updated rates on Bajaj Finance FDs will apply to new deposits as well as renewals of maturing deposits up to Rs15 crore.

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