Bajaj Finance has raised interest rates on loans for multiple periods with effect from August 26, 2022. The rate change will apply to all deposits starting at Rs. From 15,000 to Rs. Rs 5 crore has been given for 12 to 23 months, 15 months, 18 months and 22 months. For a period of 12 to 23 months, the interest rate for customers under 60 years of age has been increased from 6.20% p.a. to 6.35% p.a.
However, for seniors, rates have been raised from 6.45% per year to 6.60% per year
For the 22-month term, the rate of change for clients under 60 years old ranged from 6.65% p.a. to 6.80% p.a., while for seniors, the rate changed from 6.90% p.a. to 7.05% p.a. You will continue to receive higher interest rates of up to 7.75% per annum, accelerating the growth of your investor’s capital.
The advantages of Bajaj Finance Fixed Deposit are as follows:
a. The minimum investment amount is Rs. 15,000: Start investing with just Rs. 15,000 as a lump sum. The maximum amount of online investment is Rs. 5 Crore unconnected clients have no maximum investment amount.
B. Higher returns up to 7.75% p.a. for 44 months: Seniors investing for 44 months can now earn returns of up to 7.75% p.a. for clients under 60 years old, maximum returns up to 7.50% p.a.
c. Duration 12 to 60 months: Choose any duration from 12 to 60 months. Your term will determine the interest rate on your investment.
Dr.. Variable Payment Facility: Earn regular income by choosing a non-cumulative fixed deposit. Earn interest on a monthly, quarterly, semi-annual or annual basis.
e. Special term for higher returns: Bajaj Finance offers special term for higher returns. The special repayment periods are 15, 18, 22, 30, 33 and 44.
F. Loan against FD: Get a loan of up to 75% of your investment amount.
g. Free Early Withdrawal Facility: Withdraw your purchase order form before the due date by incurring a loss of interest.
h. FD Renewal in 4 Simple Steps: Renew your FD for 12 to 60 months and earn returns of up to 7.75% pA
I. Small monthly deposit facility with regular deposit plan
j. 0.25% p.a. Higher rates for seniors.
How to apply for Bajaj Finance FD
Step 1: Click on start your application and enter your mobile number. The OTP will be sent to your mobile number; Check it out by visiting the application form.
Step 2: Enter the investment amount, choose the term of your investment and the payment option. Step 3: If you are an existing customer, your data saved in Bajaj Finance will be available for verification. Please confirm if the details are correct or edit to make any changes.
New customers must complete KYC using their Aadhaar number or upload their KYC documents to prove their identity and address.
Step 4: Enter additional details such as occupation, annual income and marital status. List your family and candidate details for your Fixed Deposit.
Step 5: An advertisement will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed with the payment.
Step 6: Complete your investment using NetBanking, UPI, or Debit Card. Once the payment is successful, your deposit will be held, and you will receive an acknowledgment on your registered email address and mobile phone number.