Bajaj Finance hikes FD rates by 25 basis points

MUMBAI: Bajaj Finance has hiked interest rates on its fixed deposits by 25 basis points by introducing a 42 month deposit with an interest rate of 8.6% for the general public and 8.85% for senior citizens. The interest rate on the 42 month deposit compares favourably to the 8.35% offered on 44 month deposits.

The 42 month scheme termed a 'digital fixed deposit' can be booked from the app, online, or through the assisted digital mode at branches. The rate increase comes in the wake of RBI asking finance companies to diversify their funding sources. FOLLOW US ON SOCIAL MEDIA Visual Stories Previous 10 Most Affordable Cities in India to Buy a House business Most Visited Monuments in India business The Pros and Cons of Investing in Value Stocks business Investing in Small Cap Stocks: Top 10 Tips for Absolute Beginners business 10 Ways to Earn Money Online by Selling Physical Products business Richest Cricket Players Across the World business 10 Things You Didn’t Know About Warren Buffett’s Investment Process business Priyanka Chopra Net Worth: Know How Rich is Global Actress business Top 10 Benefits of Investing in Small Cap Stocks business 15 Best Tax Saving Schemes in India business Next 1 2 3 Elections Chhattisgarh CM News MP CM News Rajasthan Election Results MP Election Result 2023 Chhattisgarh Election Result Mizoram Election Result TOP TRENDS India Covid Cases Japan Plane Fire Driver Protest News India Breaking News Today IND vs AUS Women Truck Drivers Protest.