This finance company increased FD rates! Know how much return customers will get

Bajaj Finance FD Rate Hike: The Reserve Bank of India has increased the Repo Rate (RBI Repo Rate) in the month of May, June and August. The continuous increase in the repo rate of the central bank has directly affected the lives of the common people. All banks are increasing their loan and deposit rates. It also includes non-financial institutions.

Now the name of Bajaj Finance has also been included in this list. Bajaj Finance has decided to increase its fixed deposit rates. This finance company has decided to increase the interest rate in the deposit scheme from Rs 15,000 to Rs 5 crore. These new rates have come into effect from Saturday i.e. 26 August 2022.

Know how much interest rate you will get
Bajaj Finance offers FDs of 12 to 23 months, 24 to 35 months and 36 to 60 months to its customers. The finance company offers 6.35% interest rate to its general customers over a period of 12 to 23 months. At the same time, 6.95% interest rate is offered over a period of 24 to 35 months. At the same time, 7.40% interest rate is offered on FDs of 36 to 60 months tenor.

Senior citizens will get higher returns on FD
On the other hand, talking about senior citizens, they are also offered FDs of 12 to 23 months, 24 to 35 months and 36 to 60 months. Senior citizens are getting 6.60% interest rate on FD of 12 to 23 months. At the same time, 7.20% interest rate on FDs of 24 to 35 months and 7.65% on FDs of 36 to 60 years is being offered by Bajaj Finance Company.

Many banks increased deposit rates
The repo rate of Reserve Bank of India is currently 5.40%. In such a situation, many banks have increased the interest rates of their Fixed Deposit Rates and Savings Bank Account. In this, many big banks of the country like ICICI Bank, Axis Bank, Punjab National Bank, State Bank of India, RBL Bank, Federal Bank (Federal) Bank), the names of many banks including HDFC Bank, IndusInd Bank are included in this list.

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