FD is one of the safest savings schemes and it gives you an opportunity to increase your money. Many banks and non-banking financial institutions give very good returns on FDs. One such non-banking financial institution is Bajaj Finance which offers special FDs.
New Delhi. Fixed Deposit (FD) is one of the easiest and safest saving schemes to increase income. These are risk free and have guaranteed returns. Senior citizens are the biggest beneficiaries of FDs. Banks, NBFCs (Non-Banking Financial Institutions) and other financial institutions offer FDs with attractive interest rates.
NBFC Bajaj Finance Special FD Scheme offers special interest. It gives interest at the rate of 7.2% to citizens below 60 years of age and 7.45% to senior citizens above 60 years of age.
Additional interest to senior citizens
It said on its website, “Bajaj Finance offers attractive interest rates of 7.20% p.a. for citizens below 60 years of age and 7.45% p.a. for senior citizens.” Bajaj Finance said, “Senior citizens are given an additional interest of up to 0.25% per annum on their deposits.” Bajaj Finance under special FD scheme for cumulative deposits 6% on 15 months tenor, 6.10% on 18 months, 6.25% on 22 months, 6.50% on 30 months, 6.75% on 33 months and 7.20 on tenure of 44 months Pays interest at the rate of % per annum. On the other hand, senior citizens get an annual interest rate of 6.25% on maturity of 15 months, 6.35% on 18 months, 6.50% on 22 months, 6.75% on 30 months, 7% on 33 months and 7.45% on maturity of 44 months.
This interest will be available on how much deposit amount,
The annual interest rate for customers is for deposits from Rs 15,000 to Rs 5 crore. Bajaj Finance offers 5.63% to 5.75% in general FDs on maturity between 12-23 months for citizens below 60 years of age. Whereas the interest rate between 24-35 months is 6.22% to 6.40% and the interest rate on FDs with maturity from 36-60 months ranges from 6.82% to 7%.
Normal FD for Senior Citizens
Senior citizens get a cumulative interest rate of 6% on maturity of 12-23 months in normal FD, 6.65% on maturity of 24-35 months and the highest of 7.25 per cent in 36-60 months. Apart from this, talking about the non-cumulative interest rate, it will be 5.84% to 6% for senior citizens in 2-23 months FD, 6.46% to 6.65% in 24-35 months FD and 7.02% to 7.25 in 36-60 months. meets till.
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