Bajaj Finance has announced a significant hike in its fixed deposit (FD) interest rates, raising them by 15 to 40 basis points. These revised rates are effective from October 7, 2026, offering investors an opportunity for higher returns, particularly on deposits spanning 31 to 60 months.
New Rates for Regular Depositors and Senior Citizens
Under the updated structure, regular depositors can now secure an annual interest rate of up to 7.75% on fresh cumulative deposits. Senior citizens benefit even more, with rates climbing to an attractive 8.15% for the same tenure. The most substantial increase is observed in the 31-60 month tenure bracket, where regular depositor rates jumped from 7.40% to 7.75%, and senior citizen rates rose from 7.75% to 8.15%.
Impact on a ₹5 Lakh Investment
For individuals considering a ₹5 lakh investment, these new Bajaj Finance FD rates translate into substantial gains over a five-year period. A regular depositor investing ₹5 lakh at the 7.75% rate for five years could see their investment grow significantly, earning approximately ₹2.25 lakh in interest, bringing the total maturity amount to around ₹7.25 lakh.
Senior citizens, benefiting from the higher 8.15% rate, would see even greater returns. A ₹5 lakh investment over five years could yield about ₹2.40 lakh in interest, resulting in a maturity amount of approximately ₹7.40 lakh.
Additional Benefits for Renewals
Existing customers who choose to renew their maturing fixed deposits with Bajaj Finance will receive an additional 0.10 percentage point interest benefit. This brings the maximum renewal rates to 7.85% for regular depositors and an impressive 8.25% for senior citizens, further incentivizing long-term investment with the company.
These enhanced rates are available across various tenures ranging from 12 to 60 months. Investors also have the flexibility to choose between cumulative and non-cumulative FD options, with the latter offering periodic interest payouts (monthly, quarterly, half-yearly, or annually) based on their financial needs.
Investors prioritizing predictable, higher returns may find locking in funds for three to five years particularly appealing with these revised rates. However, it is crucial to assess personal liquidity requirements before committing to long-term fixed deposits.