{
  "type": "article",
  "title": "Bajaj Finance Raises Fixed Deposit Rates Across Tenures With Senior Citizen Returns Reaching Up to 8.15 Percent",
  "summary": "Bajaj Finance has increased interest rates on fixed deposits by 15 to 40 basis points for tenures between 12 and 60 months, effective October 7.",
  "content": "Depositors seeking returns on fixed deposits have received a notable boost following a revision in rates by non-banking financial company Bajaj Finance. The lender has raised interest rates across fixed deposit schemes by 15 to 40 basis points for maturities ranging from 12 months to 60 months. These updated rates have formally taken effect starting October 7.\n\nRevision Follows Reserve Bank Monetary Tightening\nThe adjustment comes on the heels of the Reserve Bank of India Monetary Policy Committee decision to increase the policy repo rate by 25 basis points, moving it from 5.25 percent to 5.50 percent while simultaneously shifting its policy stance to calibrated tightening. Following that central bank action, the financial firm revised its deposit offerings to keep them aligned with shifting market conditions and provide updated returns to depositors.\n\nUpdated Return Slabs for Regular Customers\nAccording to the company declaration, the most substantial enhancements have been applied to longer investment tenures. For regular depositors, the interest rate for the 12 to 17 month tenure rises by 20 basis points to reach 6.80 percent. Deposits placed in the 18 to 30 month bracket see an increase of 15 basis points, taking the applicable interest rate to 7.00 percent. The most significant move appears in the 31 to 60 month bracket, where rates have climbed by 35 basis points, lifting the return from 7.40 percent to 7.75 percent.\n\nEnhanced Margins for Senior Citizens\nSenior citizen depositors receive a heightened spread under the newly restructured framework. The additional interest margin provided over and above regular investor rates has been raised to 40 basis points from the previous 35 basis points. Consequently, rates for senior citizens now stand at 7.20 percent for durations of 12 to 17 months, 7.40 percent for deposits spanning 18 to 30 months, and 8.15 percent for the 31 to 60 month tenure. Prior to this revision, the highest regular rate available to elderly depositors stood at 7.75 percent.\n\nRenewal Perks and Flexible Payout Features\nExisting customers who choose to renew their maturing deposits are eligible to receive an additional 10 basis points. With this renewal bonus included, the peak rate climbs to 7.85 percent for regular investors and reaches 8.25 percent for senior citizens within the 31 to 60 month investment bracket. These restructured returns are applicable to fresh deposits as well as existing account renewals. Customers can select between cumulative deposits, where interest is credited at maturity, and non-cumulative options offering monthly, quarterly, half-yearly, or annual payouts.\n\nStock Performance During Broader Market Drop\nIn equity trading, Bajaj Finance shares were seen moving in positive territory on Wednesday, showing resilience even as broader benchmark indices such as the Sensex and Nifty registered declines. At the time of reporting, shares of Bajaj Finance were changing hands at Rs 967.00, advancing by Rs 3.90, which represents a gain of 0.40 percent over the previous market close.\n\nWhat this means for you\nThe increase in fixed deposit rates by Bajaj Finance provides retail depositors with an opportunity to secure higher guaranteed returns on their savings.\n\n• For senior citizens: Elderly investors will now earn up to 8.15 percent on 31 to 60 month tenures, rising to 8.25 percent on renewals. This enables retirees to generate higher predictable income from their accumulated savings.\n• For regular depositors: Fresh rates range between 6.80 percent and 7.75 percent across tenures from 12 to 60 months. Savers can lock in these higher fixed yields to hedge against market uncertainty.\n• For renewing customers: Depositors rolling over maturing accounts will receive an extra 10 basis points above standard brackets. This pushes the effective peak yield to 7.85 percent for general investors and 8.25 percent for seniors.\n• For regular cash flow seekers: Non-cumulative deposit structures allow investors to select monthly, quarterly, semi-annual, or annual interest disbursements. This flexibility helps savers manage recurring living expenses without liquidating principal.\n\nWhy this happened\nThe adjustment was triggered by the Reserve Bank of India decision to raise benchmark borrowing costs amid monetary tightening.\n\n• Central bank policy move: The RBI Monetary Policy Committee raised the repo rate by 25 basis points from 5.25 percent to 5.50 percent. It also shifted its monetary stance toward calibrated tightening.\n• Borrowing cost pressures: When the benchmark repo rate moves up, commercial funding costs increase for non-banking financial companies. Offering higher deposit rates enables institutions to mobilize retail savings effectively.\n• Competitive deposit landscape: As system-wide interest rates rise across lenders, financial companies enhance yields to remain competitive for retail capital. Bajaj Finance structured its steepest adjustments across long tenures to lock in extended funding.\n\nQuestions & Answers\n\n1. When did the revised Bajaj Finance fixed deposit rates come into effect?\nThe updated fixed deposit rates took effect starting October 7.\n\n2. What is the peak interest rate available to senior citizens on long tenures?\nSenior citizens can earn up to 8.15 percent on deposits spanning between 31 and 60 months.\n\n3. Do existing depositors receive any extra margin upon renewal?\nYes, existing customers renewing a maturing deposit receive an additional 10 basis points.\n\n4. By how much did the Reserve Bank of India increase the policy repo rate?\nThe RBI Monetary Policy Committee raised the repo rate by 25 basis points from 5.25 percent to 5.50 percent.\n\n5. What is the new rate for regular depositors in the 31 to 60 month bracket?\nRegular depositors earn 7.75 percent on 31 to 60 month tenures, up from 7.40 percent previously.\n\n6. How was Bajaj Finance stock trading following the announcement?\nThe stock was trading in the green at Rs 967.00, up Rs 3.90 or 0.40 percent from its prior close.",
  "url": "https://trendkia.com/en/money/bajaj-finance-ne-phiksda-dipojita-para-byaja-daron-men-ki-barhotari-varishtha-nagarikon-ko-milega-8-15-phisadi-taka-ritarna-44482",
  "category": "Money",
  "publishedAt": "2026-10-07",
  "tags": [
    "Bajaj Finance",
    "Fixed Deposit",
    "FD Interest Rates",
    "Senior Citizens",
    "RBI Repo Rate",
    "Stock Market"
  ],
  "language": "en",
  "site": "TrendKia"
}