Fixed deposit investors are in for good times with Bajaj Finance raising rates by up to 40 basis points. The NBFC will now offer 8.35% for a 44-month deposit, with senior citizens earning 8.6%, while investors opting for a 36-60-month tenure can earn 8.05%.
Financial planners said with interest rates close to a peak, these high rates are good for all classes of investors.
Bajaj Finance has raised its fixed deposit rates up to 40 basis points, offering 8.35% for 44 months and 8.05% for 36 to 60 months. Fixed deposits are simple to understand, making them popular with conservative investors and senior citizens, many of whom rely on such incomes for monthly expenses.
Source:
Economic Times
