Bajaj Finance raises FD rates by up to 40 bp
| Senior citizens can earn up to 8.15% p.a.; | Renewals get additional 0.10% p.a. |
| FD rates raised 15-40 bps across all tenures from 12 to 60 months | Regular depositors can earn up to 7.75% p.a.; Senior citizens can earn up to 8.15% p.a. |
Mumbai/Pune, October 7, 2026: Bajaj Finance Ltd., India’s largest private sector non-bank, today raised interest rates on its Fixed Deposits by 15 to 40 basis points across all tenures from 12 to 60 months. The revised rates take effect today and apply to both fresh deposits and renewals. The biggest increase is on longer tenures. Rates for 31 to 60 months rise by 35 basis points for regular depositors and 40 basis points for senior citizens.
Regular depositors booking a fresh deposit can now earn up to 7.75% p.a. on a cumulative basis for 31 to 60 months, up from 7.40% p.a. Rates for 12 to 17 months rise from 6.60% to 6.80% p.a., and for 18 to 30 months from 6.85% to 7.00% p.a.
Senior citizens can now get an additional 0.40% p.a. over regular rates across all tenures, up from 0.35%. Fresh senior citizen deposits earn up to 8.15% p.a. for 31 to 60 months, up from 7.75% p.a. Rates for 12 to 17 months now stand at 7.20% p.a., and rates for 18 to 30 months at 7.40% p.a.
Additional benefit on renewals
Depositors who renew a maturing deposit will earn an additional 0.10% p.a. This takes the rate up to 7.85% p.a. for regular depositors and 8.25% p.a. for senior citizens, the highest in the revised structure. Depositors can choose a cumulative option with interest paid at maturity, or a non-cumulative option with monthly, quarterly, half-yearly or annual payouts. Non-cumulative rates have been revised in line. For example, a senior citizen opting for monthly payouts on a 31-to-60-month deposit will now earn 7.86% p.a., up from 7.49% p.a.
The rate changes are as under:
| Regular depositors | ||||||
| Regular FD: Rs.15,000 to Rs.3,00,00,000 (w.e.f. 07 Oct 2026) | ||||||
| Table 1 | ||||||
| Period | Cumulative | Non-Cumulative | ||||
| At Maturity | Monthly | Quarterly | Half Yearly | Annual | ||
| (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | ||
| 12 – 17 months | 6.80 | 6.60 | 6.63 | 6.69 | 6.80 | |
| 18 – 30 months | 7.00 | 6.79 | 6.82 | 6.88 | 7.00 | |
| 31 – 60 months | 7.75 | 7.49 | 7.53 | 7.61 | 7.75 | |
| Senior citizens | ||||||
| Regular FD: Rs.15,000 to Rs.3,00,00,000 (w.e.f. 07 Oct 2026) | ||||||
| Table 2 | ||||||
| Period | Cumulative | Non-Cumulative | ||||
| At Maturity | Monthly | Quarterly | Half Yearly | Annual | ||
| (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | ||
| 12 – 17 months | 7.20 | 6.97 | 7.01 | 7.08 | 7.20 | |
| 18 – 30 months | 7.40 | 7.16 | 7.20 | 7.27 | 7.40 | |
| 31 – 60 months | 8.15 | 7.86 | 7.91 | 7.99 | 8.15 | |
Renewal
| Renewal Regular depositors | ||||||
| Regular FD: Rs.15,000 to Rs.3,00,00,000 (w.e.f. 07 Oct 2026) | ||||||
| Table 1 | ||||||
| Period | Cumulative | Non-Cumulative | ||||
| At Maturity | Monthly | Quarterly | Half Yearly | Annual | ||
| (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | ||
| 12 – 17 months | 6.90 | 0 | 6.70 | 6.73 | 6.79 | 6.90 |
| 18 – 30 months | 7.10 | 6.89 | 6.92 | 6.98 | 7.10 | |
| 31 – 60 months | 7.85 | 7.59 | 7.63 | 7.71 | 7.85 | |
| Renewal Senior citizens | ||||||
| Regular FD: Rs.15,000 to Rs.3,00,00,000 (w.e.f. 07 Oct 2026) | ||||||
| Table 2 | ||||||
| Period | Cumulative | Non-Cumulative | ||||
| At Maturity | Monthly | Quarterly | Half Yearly | Annual | ||
| (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | (% p.a.) | ||
| 12 – 17 months | 7.30 | 7.07 | 7.11 | 7.18 | 7.30 | |
| 18 – 30 months | 7.50 | 7.26 | 7.30 | 7.37 | 7.50 | |
| 31 – 60 months | 8.25 | 7.96 | 8.01 | 8.09 | 8.25 | |
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing)
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