Bajaj Finance raises FD rates to 8.25% for some customers
In short
Bajaj Finance has raised fixed-deposit rates by 15 to 40 basis points across 12 to 60 months. Senior citizens can now get up to 8.15% on fresh deposits and 8.25% on renewals.
This matters for savers because it changes the return on deposits. The report does not say the exact date the new rates started or whether other terms changed.
What the reporting says
Bajaj Finance raised fixed-deposit interest rates by 15 to 40 basis points across 12- to 60-month tenures, according to publisher-supplied reporting. Senior citizens can earn up to 8.15% on fresh deposits and 8.25% on renewals, while regular depositors can earn up to 7.75% and 7.85% respectively. The reporting does not state when the changes took effect beyond the general announcement.
Why it matters
Bajaj Finance increased FD rates by 15-40 basis points across 12-60 month tenures, with senior citizens able to earn up to 8.15% on fresh deposits and 8.25% on renewals. Regular depositors can get up to 7.75% and 7.85%. The immediate effect is higher returns for deposit customers, but the source does not specify the effective date or whether the hike applies to all deposit categories equally.