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Bajaj Finance Raises Fixed Deposit Rates By Up To 40 Basis Points
M
Moneycontrol•07-10-2026, 12:08
Bajaj Finance Raises Fixed Deposit Rates By Up To 40 Basis Points
- •Bajaj Finance increased fixed deposit interest rates by 15 to 40 basis points for tenures ranging from 12 to 60 months.
- •The revision follows the Reserve Bank of India's decision to raise the repo rate by 25 basis points to 5.5 percent.
- •Deposits with a tenure of 31 to 60 months received the largest increase, rising by up to 40 basis points.
- •Regular depositors can now earn up to 7.75 percent per annum, while senior citizens can earn up to 8.15 percent.
- •Depositors renewing maturing deposits receive an additional 0.10 percent per annum, and the new rates are effective from October 7.
Key Questions Answered
Bajaj Finance increased its fixed deposit interest rates by 15 to 40 basis points across tenures ranging from 12 to 60 months.
The rate hike by Bajaj Finance follows the Reserve Bank of India's decision to raise the repo rate by 25 basis points to 5.5% on Wednesday, October 7.
Senior citizens booking fresh deposits for 31 to 60 months can earn up to 8.15% per annum, while those renewing maturing deposits can earn up to 8.25% per annum.
