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Updated January 3rd, 2024 at 18:20 IST

Bajaj Finance launches digital FD with interest rates up to 8.85%

For depositors below the age of 60, the FD scheme provides an annual interest rate of up to 8.60 per cent.

Business Desk
Fixed deposits
Representative | Image:Unsplash
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Bajaj Finance’s digital FD: Bajaj Finance, a leading non-banking financial company, unveiled its digital Fixed Deposit (FD) initiative on Wednesday, offering attractive interest rates of up to 8.85 per cent for deposits made via its official app and website platforms. Effective from January 2, 2024, senior citizens can avail themselves of this high interest rate for a 42-month tenure when booking FDs through the Bajaj Finserv digital channels, as stated by the company.

Prioritising convenience and efficiency 

For depositors below the age of 60, the FD scheme provides an annual interest rate of up to 8.60 per cent. The enhanced rates apply to both fresh deposits and the renewal of maturing deposits, with a maximum limit set at Rs 5 crore and a tenure of 42 months, according to the company's announcement.

Sachin Sikka, Head of Fixed Deposits & Investments at Bajaj Finance, highlighted the customer-centric nature of the digital FD offering. He stated, "Our digital FD platform is designed to prioritise convenience and efficiency for depositors. By integrating higher interest rates exclusively on our Bajaj Finserv App and Web platforms, we are modernising the FD experience and aligning it with contemporary digital trends."

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(With PTI inputs)

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Published January 3rd, 2024 at 18:20 IST

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