How to find the best rates for Bajaj FinServ
Bajaj Finserv is a private sector financial services company with pan-India operations. It is one of the most diversified non-banking institutions in the country, and caters to customers from different walks of life. Its fixed deposit products offer some of the most competitive interest rates in the industry.
You should always be careful to check the active interest rates on fixed deposits before applying. FDs are by nature dynamic, and you may be relying on old data while making important calculations.
Bajaj Finserv FD rates
Bajaj Finserv offers fixed deposit products under both cumulative and non-cumulative varieties. Interest rates are high ranging between 9.10% and 9.25%. Deposits that are opened for 1 year can earn 9.1% per annum while those opened for 1 year and 6 months get 0.1% more at 9.2% per annum. Depositors can earn 9.25% on amounts held for a period of 2 years, 3 years, 4 years and 5 years. The highest rate is offered on deposits held for 2 years and above at 9.25%.
These rates are denoted on a per annum basis and signify effective yields ranging between 9.1% and 11.13%. On a quarterly compounding basis, these FD schemes for the above mentioned tenures feature interest rates varying from 8.8% to 8.95%.
Bajaj Finserv Senior citizen FD rates
Bajaj Finserv offers 0.25% additional rate of interest for senior citizens. This would mean interest rates available to this customer class ranges from 9.35% to 9.5% p.a. for holdings between 1 and 5 years.
*This article is provided only for consumer information on an as is where is basis and BankBazaar does not claim or represent to be connected with Bajaj Finance Limited. For further information about any of the products mentioned above please contact Bajaj Finance Limited.
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