Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps

Revised rates applicable on fresh deposits and renewals

Bajaj Finance on Tuesday increased interest rates on its fixed deposits (FDs) by 25 basis points (bps) for tenures between 12 months and 23 months, effective November 22. The revised rates are applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore.

Depositors can earn interest rates of 6.80 per cent for tenures between 12-23 months, while for tenures between 24-35 months the interest rate will remain 7.25 per cent, and the 36-60-month tenures will continue to attract 7.50 per cent. It has also launched a new 39-month FD with an interest rate of 7.60