NBFC FD Interest Rate: Fixed Deposit is one of the easiest and safest saving schemes to increase your income. These are risk free and have guaranteed returns. Senior citizens are the biggest beneficiaries of FDs. Banks, Non-Banking Financial Institutions (NBFCs) and other financial institutions offer FDs with attractive interest rates. One such NBFC Bajaj Finance offers special interest on Special FD scheme. It gives interest at the rate of 7.2 per cent to citizens below 60 years of age and 7.45 per cent to senior citizens above 60 years of age.
The company has said on its website that Bajaj Finance offers attractive interest rates of 7.20 per cent per annum for citizens below 60 years of age and 7.45 per cent per annum for senior citizens. According to Bajaj Finance, senior citizens are given an additional interest of up to 0.25% per annum on their deposits.
In this way interest is earned
According to Bajaj Finance, under the Special FD Scheme for cumulative deposits, Bajaj Finance is 6 percent on 15 months, 6.10 percent on 18 months, 6.25 percent on 22 months, 6.50 percent on 30 months, on 33 months 6.75 per cent and pays an annual interest of 7.20 per cent for a tenure of 44 months. On the other hand, senior citizens get 6.25 per cent on maturity of 15 months, 6.35 per cent on 18 months, 6.50 per cent on 22 months, 6.75 per cent on 30 months, 7 per cent on 33 months and 7.45 per cent on maturity of 44 months.
This amount has to be deposited to get huge interest
The annual interest rate for customers is for deposits ranging from Rs 15,000 to Rs 5 crore. Bajaj Finance offers 5.63 per cent to 5.75 per cent in normal FDs for citizens below 60 years of age on maturity between 12-23 months. Whereas the interest rate between 24-35 months is 6.22 percent to 6.40 percent and the interest rate on FDs with maturity from 36-60 months ranges from 6.82 percent to 7 percent.
Normal FD for Senior Citizens
Senior citizens get a cumulative interest rate of 6 per cent on maturity of 12-23 months, 6.65 per cent on maturity of 24-35 months and the highest of 7.25 per cent in 36-60 months in normal FDs. Apart from this, talking about the non-cumulative interest rate, it will be available to senior citizens from 5.84 per cent to 6 per cent in 2-23 months FDs, 6.46 per cent to 6.65 per cent in 24-35 months FDs and 7.02 per cent to 7.25 per cent in 36-60 months. meets till.