Bajaj Finance offers inflation-beating interest rates on fixed deposits - Details

Bajaj Finance fixed deposit rates: Bajaj Finance has announced to offer interest rates on fixed deposits that would beat the inflation. The company in a release on Wednesday said that it will offer interest rate up to 7.75 per cent on fixed deposits. 

Promising a risk-free investment, the company is offering 7.75% return to senior citizens on minimum FD of Rs 15,000. The company has fixed the tenure for all FDs attracting 7.75 per cent return, i.e. 44 months.

The non-banking financial company (NBFC) also said that the varying amounts will also have varying maturities with highest FD rates. 

The company added that it has plans to create the highest level of safety and lowest investment risk. Customers can get special interest rates by investing online by filling a form or can visit the nearest Bajaj Finance FD branch.

Bajaj Finance is also offering Systematic Deposit Plan (SDP) which is a monthly savings plan. Minimum investment has to be Rs 5,000 per month for this scheme. 

Bajaj Finance FD interest rates - Details '

Tenure: 12 to 23 months
Age group and FD rate: Senior citizens - 6.45 per cent per annum

Below 60 years - 6.20 per cent per annum

Tenure: 24 to 35 months

Age group and FD rate: Senior citizens 7.20 per cent per annum

Below 60 years 6.95 per cent per annum

Tenure: 36 to 60 months

Age group and FD rate: Senior Citizens 7.65 per cent per annum

Below 60 years 7.40 per cent per annum