The rate hike by Bajaj Finance make its fixed deposits a compelling choice for investors seeking longer-tenure options. With new investments in debt funds from April 1, 2023 not enjoying tax benefits over FDs, these deposits are attractive even for those in the higher tax brackets.
For deposits below Rs 5 crore for non-senior citizens, Bajaj Finance is now offering a return of 6.8 per cent on fixed deposits with a maturity period of 12-14 months.