Bajaj Finance Ltd., part of Bajaj Finserv, has launched a Digital Fixed Deposit (FD) offering exclusive rates of up to 8.85% on deposits booked through its App and Website. Coinciding with the turn of the year, the Digital FD transforms the saving experience by encouraging customers to use digital and assisted digital mode to book deposits. The journey on the Bajaj Finserv app and website is simple, safe and seamless with near-instant FD booking.
Effective January 2, 2024, Bajaj Finance is offering upto 8.85% per annum to senior citizens for a tenure of 42 months for FDs booked on the Bajaj Finserv App and web. Depositors below 60 years can earn up to 8.60 per cent per annum.
The revised rates will be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore for tenure of 42 months. Sachin Sikka, Head – Fixed Deposits & Investments at Bajaj Finance, said, “It is built as a simple end-to-end digital journey with higher interest rates available exclusively on the Bajaj Finserv App and Web. It brings the FD opening experience into the digital age.”As of September 30, 2023, Bajaj Finance has 76.56 million customers and 44.68 million net users on its App platform, making it the 4th most downloaded app in the financial domain in India.