Bajaj Finance increases interest rates on fixed deposits by up to 0.40 percentage points following the Reserve Bank of India’s recent repo rate hike, offering higher returns for savers and seniors across multiple tenures.
Bajaj Finance has lifted the interest rates on its fixed deposits, giving savers a better return just days after the Reserve Bank of India’s latest repo rate increase. According to the company’s revised rate card, the changes took effect on October 7, 2026, and cover deposits from 12 months to 60 months. The biggest gains are on longer tenures, with rates rising by as much as 40 basis points, or 0.40 percentage points.
For regular customers, the highest rate now available is 7.75% a year on deposits held for 31 to 60 months. Senior citizens can earn as much as 8.15% on the same tenure, while shorter deposits have also seen upward revisions. Moneycontrol reported that deposits of 12 to 17 months now carry 6.80%, and 18 to 30 months pay 7.00%, showing that Bajaj Finance has spread the increases across its maturity ladder rather than limiting them to the longest terms.
The higher rates can make a meaningful difference for larger deposits. Business Today calculated that a regular depositor placing ₹5 lakh for five years at 7.75% could earn roughly ₹2.25 lakh in interest, taking the maturity value to about ₹7.25 lakh. On the same terms, a senior citizen could earn around ₹2.40 lakh in interest on the same amount, lifting the total to about ₹7.40 lakh. The estimates vary with the interest payout method and compounding schedule, but they underline the impact of the rate reset.
Bajaj Finance has also offered a small extra incentive for renewal deposits. If an existing fixed deposit is rolled over on maturity, the company says the depositor gets an additional 0.10% a year, taking the peak rate to 7.85% for regular customers and 8.25% for senior citizens. The new rates apply to both fresh and renewed deposits, and customers can choose between cumulative and non-cumulative options, with interest paid at monthly, quarterly, half-yearly or annual intervals in the non-cumulative plan.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
