Investing in Bajaj Finserv's FD will give good returns, know the complete details here - Newztezz Online

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Thursday, May 11, 2023

Investing in Bajaj Finserv's FD will give good returns, know the complete details here

By investing in Bajaj Finserv FD with a tenure of 44 months, general citizens can earn an interest rate of 8.35 percent and senior citizens can earn an interest rate of 8.6 percent.

NBFC major Bajaj Finserv has increased FD interest rates by 40 basis points, while general investors can avail interest rate of up to 8.35 per cent on maturity. At the same time, senior citizens can take advantage of up to 8.60 percent for FDs between Rs 15,000 and Rs 5 crore. And these interest rates will be effective from 10 May 2023.

Know when and how much interest will be received

- Bajaj Fiserv offers an interest rate of up to 7.40 per cent for investors and 7.65 per cent for senior citizens for a tenure of 12-14 months. The interest rate for investors for a period of 15 months is 7.45 per cent, while for senior citizens it is 7.7 per cent.

- If the investment is made for a period of more than 15 months, up to 17 months, then investors will be able to get an interest rate of 7.50 percent and senior citizens will be able to take advantage of an interest rate of 7.75 percent.

- Bajaj Finserv is offering an interest rate of 7.40 percent to investors and 7.65 percent to senior citizens for 18-month FDs. In case of investment of 19-23 months, the NBFC offers an interest rate of 7.50 per cent to general citizens and 7.75 per cent to senior citizens.

- When the investment tenure is 24 months, general citizens can earn an interest rate of 7.55 percent and senior citizens can earn an interest rate of 7.80 percent. In case of FD tenure of 25-29 months, general citizens will earn an interest rate of 7.35 per cent, while senior citizens will earn an interest rate of 7.60 per cent.

- Bajaj Finserv offers an interest rate of 7.25 per cent to general citizens for a tenure of 30 months. Is giving an interest rate of 7.70 percent to senior citizens. It offers an interest rate of 7.35 per cent for general citizens for a tenure of 31-35 months. For senior citizens, it offers an interest rate of 7.60 per cent for 31-32 months, 8 per cent for 33 months and 7.6 per cent in case of 34-35 months.

- General investors can avail an interest rate of 8.05 per cent and senior citizens can earn an interest rate of 8.30 per cent for a tenure of 36-43 months.

The highest FD interest rate offered by Bajaj Finserv is for a tenure of 44 months. While ordinary citizens can earn an interest rate of 8.35 per cent during this period, senior citizens can avail an interest rate of 8.6 per cent.

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