Stories
Bajaj Finance hikes FD rates offering up to 8.25 percent for senior citizens
N
News18•07-10-2026, 14:12
Bajaj Finance hikes FD rates offering up to 8.25 percent for senior citizens
- •Bajaj Finance has announced attractive FD interest rates following the repo rate hike, with senior citizens benefiting the most.
- •General customers can get 7.75 percent interest on a 31 to 60-month cumulative FD, while senior citizens can get 8.15 percent.
- •Senior citizens renewing their FD after maturity get an additional 0.10 percent renewal bonus, pushing the rate up to 8.25 percent.
- •Non-cumulative FDs are useful for investors seeking a fixed monthly income instead of a lump sum amount after retirement.
- •Experts advise checking the tenure, premature withdrawal rules, taxes, and credit ratings rather than relying solely on high interest rates.
Key Questions Answered
Senior citizens can earn up to 8.15 percent annual interest on cumulative FDs for 31 to 60 months. With an additional 0.10 percent renewal bonus upon maturity, the interest rate can reach up to 8.25 percent.
For an FD tenure of 12 to 17 months, general customers receive 6.80 percent interest, while senior citizens receive 7.20 percent.
Non-cumulative FDs are useful for retired investors who want a fixed income every month rather than a lump sum amount. For a 31 to 60 month tenure, senior citizens selecting the monthly payout option can receive an annual rate of 7.86 percent, which can increase to 7.96 percent upon renewal.
