Interest rates on fixed deposits for people below 60 years have also been increased. The interest rate for such deposits of 25 to 35 months has been increased by 45 basis points.
The interest rate has been increased by 40 basis points for deposits of 18 to 22 months and 35 basis points for fixed deposits of 30 to 33 months. There has also been an attractive increase in interest rates for fixed deposits up to 42 months. Senior citizens will continue to get the highest rate of 8.85% on fixed deposits of up to 42 months. 8.60% annual interest on fixed deposits for those under 60 years of age. Bajaj Finance is the largest non-banking financial company in the country. Bajaj Finance received an investment of Rs 60,000 crore last financial year.
