The maximum interest rate on a fixed deposit a customer who is not a senior citizen can avail under the latest revision by Bajaj Finserv is 7.70 per cent. And the maximum interest rate a senior citizen (above 60 years of age) can avail under the revision is 7.95 per cent.
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New Delhi: Bajaj Finserv, one of India’s largest non-banking financial corporations has increased the interest rates on fixed deposits for deposits starting at Rs 15,000 up to Rs 5 crore with effect from December 22, 2022.
The maximum interest rate on a fixed deposit a customer who is not a senior citizen can avail under the latest revision by Bajaj Finserv is 7.70 per cent. And the maximum interest rate a senior citizen (above 60 years of age) can avail under the revision is 7.95 per cent.
Given below are the FD interest rates for customers below 60 years
| Tenure In Months | Cumulative FD (Interest + Principal amount paid at maturity) | Non-cumulative (Interest paid at a defined frequency, principal paid at maturity) | ||||
| At Maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half Yearly (p.a.) | Annual (p.a.) | ||
| 12-14 | 7.05% | 6.83% | 6.87% | 6.93% | 7.05% | |
| 15* | 7.20% | 6.97% | 7.01% | 7.08% | 7.20% | |
| 16-17 | 7.05% | 6.83% | 6.87% | 6.93% | 7.05% | |
| 18* | 7.25% | 7.02% | 7.06% | 7.12% | 7.25% | |
| 19-21 | 7.05% | 6.83% | 6.87% | 6.93% | 7.05% | |
| 22* | 7.35% | 7.11% | 7.16% | 7.22% | 7.35% | |
| 23 | 7.05% | 6.83% | 6.87% | 6.93% | 7.05% | |
| 24 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 25-29 | 7.25% | 7.02% | 7.06% | 7.12% | 7.25% | |
| 30* | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% | |
| 31-32 | 7.25% | 7.02% | 7.06% | 7.12% | 7.25% | |
| 33* | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% | |
| 34-35 | 7.25% | 7.02% | 7.06% | 7.12% | 7.25% | |
| 36-38 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 39* | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% | |
| 40-43 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 44* | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% | |
| 45-60 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% |
Given below are the FD interest rates for senior citizens (customers above 60 years)
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| Tenure In Months | Cumulative FD (Interest + Principal amount paid at maturity) | Non-cumulative (Interest paid at a defined frequency, principal paid at maturity) | ||||
| At Maturity (p.a.) | Monthly (p.a.) | Quarterly (p.a.) | Half Yearly (p.a.) | Annual (p.a.) | ||
| 12-14 | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% | |
| 15* | 7.45% | 7.21% | 7.25% | 7.32% | 7.45% | |
| 16-17 | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% | |
| 18* | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 19-21 | 7.30% | 7.07% | 7.11% | 7.17% | 7.30% | |
| 22* | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% | |
| 23 | 7.30% | 6.07% | 7.11% | 7.17% | 7.30% | |
| 24 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% | |
| 25-29 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 30* | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% | |
| 31-32 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 33* | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% | |
| 34-35 | 7.50% | 7.25% | 7.30% | 7.36% | 7.50% | |
| 36-38 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% | |
| 39* | 7.85% | 7.58% | 7.63% | 7.70% | 7.85% | |
| 40-43 | 7.75% | 7.49% | 7.30% | 7.61% | 7.75% | |
| 44* | 7.96% | 7.67% | 7.72% | 7.80% | 7.95% | |
| 45-60 | 7.75% | 7.49% | 7.53% | 7.61% | 7.95% |
