Company is also offering an interest rate of 8.10 percent to its existing customer on cumulative FD for the same tenure.
Bajaj Finserv Fixed Deposit has received 'FAAA/Stable' rating by CRISIL and 'MAAA (Stable)' rating by ICRA indicate the highest degree of safety with regard to timely payment of interest and principal on the instrument.
The fixed deposit book size of the company stands at Rs. 6,458 crore as on December 31, 2017.
Bajaj Finserv has further announced an exclusive renewal benefit for senior citizens and existing customer wherein investor will get additional 0.25 percent on the renewal of FDs.
These interest rates are applicable for tenure of 60 months.
Features and benefits of fixed deposit
Higher interest rates for senior citizens
Senior citizens can benefit greatly from investing their life savings in a fixed deposit, as they are eligible for an additional rate of interest.
Unlike high-risk investments that have to go through one or multiple rounds of approvals, you don't need anybody to sign off on a fixed deposit and you are free to make one when you like.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)