Fixed deposit investors are in for good times with Bajaj Finance raising rates by up to 40 basis points. The NBFC will now offer 8.35% for a 44-month deposit, with senior citizens earning 8.6%, while investors opting for a 36-60-month tenure can earn 8.05%.
Financial planners said with interest rates close to a peak, these high rates are good for all classes of investors.
Bajaj Finance has raised its fixed deposit rates up to 40 basis points, offering 8.35% for 44 months and 8.05% for 36 to 60 months. Fixed deposits are simple to understand, making them popular with conservative investors and senior citizens, many of whom rely on such incomes for monthly expenses.