Bajaj Finserv offers best interest rates on Fixed Deposit

New Delhi : Bajaj Finserv with its unique investment strategy is offering a Fixed Deposit rates of 8.20 per cent, highest by any company so far, to the senior citizens for tenure of 60 months.

It is also offering an interest rate of 8.10 per cent to its existing customers for the same tenure.

Bajaj Finserv Fixed Deposit has received 'FAAA/Stable' rating by CRISIL and 'MAAA (Stable)' rating by ICRA indicate the highest degree of safety with regard to timely payment of interest and principal on the instrument, said a report by ANI.

As on December 31, 2017, the total amount of Fixed Deposits with the company stands at Rs. 6,458 crore.

For a fixed deposit ranging from one to five years, senior citizens will get an additional interest of 0.35 percent and the existing customers of Bajaj Finance Ltd will get additional 0.25 percent.

Bajaj Finserv has further announced an exclusive renewal benefit for senior citizens and existing customer wherein investor will get additional 0.25 percent on the renewal of FDs.

An existing investor renewing the FD will earn an interest of 8.35 percent and senior citizen will earn an interest of 8.45 percent on the renewal of cumulative FD.