Bajaj Finance Ltd., the financial arm of Bajaj Finserv Ltd., has made waves in the investment landscape with its latest announcement. Effective April 3, 2024, the company has unveiled a substantial hike in Fixed Deposit (FD) rates across various durations, setting a new benchmark for stability and high returns.
Senior citizens, in particular, have reason to rejoice as Bajaj Finance offers an impressive 8.85% return on FDs for a 42-month tenure, reflecting a 60 basis points increase. Non-senior citizens aren’t left behind, with rates elevated by up to 45 basis points across select tenures. Sachin Sikka, Head of Fixed Deposits & Investments at Bajaj Finance, emphasized the company’s unwavering commitment to providing a secure and lucrative investment avenue.
With a customer franchise exceeding 83.64 million and a robust deposits book surpassing Rs. 60,000 crore as of March 31, 2024, Bajaj Finance reaffirms its position as a formidable player in the financial services sector. Investors can now capitalize on the revised rates, secure in the knowledge that Bajaj Finance’s FD program boasts top-notch stability ratings and a digital investment marketplace offering a wide array of opportunities.
