Fixed Deposit Interest Rate: Bajaj Finance has increased the interest rate on fixed deposits by 25 basis points and these new interest rates will be applicable from 22 December.
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Bajaj Finance FD Interest Rate : If you invest then you have a good chance to invest in Bajaj Finance FD. Because Bajaj Finance has increased the interest rate by 25 basis points (Basis Points) has increased. The new interest rates will be applicable from 22 December. The Non Banking Financial Corporation (Non Banking Financial Corporation) According to the information available on the website, the new interest rate will be applicable on FDs ranging from 15 thousand to 5 crores. For non-senior citizens, the interest rate on FD for 15 months is 7.20 percent, 7.25 percent for 18 months, 7.35 percent for 22 months, 7.30 percent for 30 months, 7.30 percent for 33 months, 7.60 percent for 39 months and 7.70 percent interest will be available for 44 months.
Explain that the interest will be paid simultaneously on maturity. Apart from this, the interest rate on fixed deposits for 12-23 months is 7.05 percent, 7.50 percent for 24 months, 7.25 percent for 25-35 months and 7.50 percent for 36-60 months.
7.95 percent return to senior citizens
Talking about senior citizens, for them the interest on FD for 15 months is 7.45%, 7.50% for 18 months, 7.60% for 22 months, 7.55% for 30 months, 7.55% for 33 months, 7.85% for 39 months. An interest rate of 7.95 per cent is being offered for per cent and 44 months. Senior citizens will get 7.30 per cent interest on term deposits of 12-23 months, 7.75 per cent for 24 months, 7.50 per cent for 25-35 months and 7.75 per cent for 36-60 months.
Understand calculation like this
If a senior citizen deposits Rs 1 lakh in a Bajaj Finance Fixed Deposit account for 44 months, he will get Rs 32,378 as interest. If you invest in an FD of Rs 5 lakh, then the senior citizen will get a total of Rs 6.62 lakh. The share of interest in this will be Rs 1.62 lakh.
On the other hand, non-senior citizens will get Rs 31258 as interest after 44 months on a fixed deposit of Rs 1 lakh. If Rs 5 lakh is deposited then he will get a total of Rs 6.56 lakh. There will be 1.56 lakh rupees as interest.
English News Headline : Bajaj Finance Hikes Interest Rate On Fixed Deposit by 25 Basis Point.
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