Bajaj Finance Ltd. has announced an upward revision in fixed deposit rates, a move that could appeal to conservative investors. The new rates are applicable from May 1, 2026.
The increase, which goes up to 45 basis points, is most pronounced for longer tenures. The biggest increase is seen in the 31–60 months tenure segment. Interest rates for general investors have climbed to 7.40% from 6.95%, while seniors can secure 7.75%, up from the earlier 7.30%.
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Here are the latest fixed deposit rates offered by Bajaj Finance:
The 12–14 month bracket for non-senior depositors, which offered 6.60%, has now been extended to 12–17 months without any revision in returns. The mid-duration category has been broadened from 15–23 months to 18–30 months, with the interest rate going up to 6.85% from 6.75%.
The steepest revision is evident in longer tenures. What was previously a 24–60 month slab at 6.95% has now been recast as a 31–60 month category, with returns raised to 7.40%, reflecting a 0.45% increase.
For senior investors, the pattern broadly mirrors this shift. Short-term rates remain unchanged at 6.95%, while mid-duration deposits see a modest uptick to 7.20% from 7.10%. The most notable rise is in the long-term segment, where rates have been lifted to 7.75% from 7.30%.
Looking at the broader picture, the present FD environment underscores a balance between security and returns. Bank deposits remain the preferred choice for safety, though they offer relatively modest yields.
In contrast, NBFC-issued FDs provide higher interest rates, accompanied by a slightly elevated risk profile.
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Even as interest rates begin to plateau, fixed deposits retain their importance in conservative portfolios. Investors must pay close attention to tenure, issuer credibility and credit quality to fully benefit from the current rates.
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