Bajaj Finance raises FD rates; offers up to 7.75%

Bajaj Finance increased interest rates on fixed deposits (FDs) by 15 to 40 basis points across all tenures, effective October 7, 2026. These rates apply to both new deposits and renewals.

For regular depositors, the highest FD interest rate is now 7.75% for tenures of 31 to 60 months, up from 7.40% previously. The rate for 12 to 17 months has risen from 6.60% to 6.80%, and for 18 to 30 months, it has increased from 6.85% to 7.00% per annum. These rates are available for deposits ranging from Rs 15,000 to Rs 3 crore.

Senior citizens can earn an additional 0.40% per annum over regular FD rates, up from 0.35% earlier. Fresh deposits by senior citizens can now earn up to 8.15% per annum for tenures of 31 to 60 months, up from 7.75%. For 12 to 17 months, the rate is 7.20%, and for 18 to 30 months, it is 7.40% per annum.

For renewal deposits, regular depositors will earn an additional 0.10% p.a., bringing the rate to 7.85% per annum. Senior citizens will benefit from an additional 0.10% p.a., with the rate reaching 8.25% per annum. Bajaj Finance's Sachin Sikka emphasized that fixed deposits remain a crucial component of a balanced savings portfolio, particularly for senior citizens seeking predictable returns, and that the bank has adjusted rates towards longer tenures.