For Quick Alerts
For Daily Alerts

Bajaj Finance Lowers Cap For FDs, Offers Higher Returns


Bajaj Finance, the lending and investment arm of Bajaj Finserv, has lowered the minimum cap for fixed deposits to Rs 25,000 to attract retail investors.

The company will offer an annual cumulative interest rate of 8.05 per cent for a tenor of 36-60 months on the reduced amount, Bajaj Finance said in a statement.

Bajaj Finance Lowers Cap For FDs, Offers Higher Returns

Earlier, for depositors in the National Capital Region and Greater Mumbai, the minimum deposit amount was Rs. 75,000 and for rest of India was Rs 50,000, it said.

The new minimum cap of Rs 25,000 will be applicable across the country with immediate effect, it added. This will also address the saving needs of mass retail category that are looking for assured returns with a credible savings instrument, it said.

This will also allow small depositors to generate higher returns through traditional savings product, it said.

Read more about: bajaj finance fd
Story first published: Thursday, April 6, 2017, 10:58 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more