Bajaj Finance, the lending and investment arm of Bajaj Finserv, has revised its Fixed deposit interest rate up to 8.35% for a tenor of 36-60 months. The company is offering this interest rate to its existing loans and FD customers under the cumulative option and on an annualised basis under non-cumulative option. For the same option and tenure, new FD customers would get 8.10% instead of 7.85 per cent earlier.

Senior citizens can earn an interest rate of 8.45% for a tenor ranging between 36 to 60 months. Bajaj Finance Fixed Deposit has been accorded 'FAAA/Stable' rating by CRISIL and 'MAAA (Stable)' rating by ICRA which indicate highest degree of safety with regard to timely payment of interest and principal on the instrument.

For the newly launched special tenor scheme of 15 months and minimum FD size of Rs 100,000, the FD rate would be up to 7.70% for new customer and 8.05% for senior citizens.

Features and benefits of fixed deposit

Higher interest rates for senior citizens:

Senior citizens investing in the Bajaj Finance Fixed deposit earns an additional 1 per cent rate of interest.

Minimum deposit:

Investors can start with a minimum deposit of Rs. 25,000 and earn higher interest.

Renewal benefits:

Fixed Deposits with Bajaj Finance Ltd., will help you earn the highest rate of returns of 8.10% with additional 0.10% renewal benefit.

Flexible Tenors:

Flexible tenors between 12 and 60 months, to suit the financial needs. The option to close your existing FD and start a new account for a different tenor, in case one changes his mind.

Shares of the company declined Rs 3.9, or 0.21%, to settle at Rs 1,854.60. The total volume of shares traded was 13,703 at the BSE (Monday).