Bajaj Finance offers up to 8.85% on Digital Fixed Deposit – Check latest rates

financialexpress.com:

Bajaj Finance Ltd, part of Bajaj Finserv, has announced the launch of Digital Fixed Deposit (FD), and is offering exclusive rates of up to 8.85% on deposits booked via its App and Website.

Coinciding with the turn of the year, the Digital FD transforms the saving experience by encouraging customers to use digital and assisted digital mode to book deposits. According to the company, the journey on the Bajaj Finserv app and website is simple, safe and seamless with near-instant FD booking.

Effective January 2, 2024, Bajaj Finance is offering upto 8.85% per annum to senior citizens for a tenure of 42 months for FDs booked on the Bajaj Finserv App and web. Depositors below 60 years can earn up to 8.60 per cent per annum. The revised rates will be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore for a tenure of 42 months.

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Commenting on the same, Sachin Sikka, Head – Fixed Deposits & Investments at Bajaj Finance, said, “Our frictionless processes, attractive interest rates and customer-friendly policies define consumer experiences with Bajaj Finance FDs. The 2x times growth of our deposit book in 2 years is also a testament to the trust customers place in the Bajaj brand. Our FDs now enable depositors to think digital-first. It is built as a simple end-to-end digital journey with higher interest rates available exclusively on the Bajaj Finserv App and Web. It brings the FD opening experience into the digital age.”

A. Bajaj Finance Digital FD (available only on Bajaj Finserv App and website)

A. Bajaj Finance Digital FD (available only on Bajaj Finserv App and website)

Bajaj Finance has 76.56 million customers with 44.68