Bajaj Finance and Shriram Finance have announced new interest rates for fixed deposits (FD Rates). May 6: Shriram Finance is going to cut the interest rate of FD. Whereas in Bajaj Finance the rates have been increased by 45 bps. The new rates have come into effect from May 1.
Along with banks, all NBFCs also keep revising the interest rates of fixed deposits. Therefore customers are advised to visit the official website of the company or the nearest branch before investing.
Bajaj Finance FD Interest Rates
This company is offering 6.60% interest to common citizens for 12 days to 17 days. The interest rate for 18 to 30 months is 6.85% and for 31 to 60 days is 7.40%. Investments in FD can range from Rs 15,000 to less than Rs 3 crore. The company is giving minimum 6.95% and maximum 7.75% returns to senior citizens.
Shriram Finance FD Interest Rates
Shriram Finance Limited has changed the interest rates for fixed deposits of less than Rs 10 crore. The new rates will be applicable from 6 May 2026. Currently the company offers 7% interest on 12 month FD, which is going to reduce to 6.75%. Interest on 15 month digital FD will be 7.05% and not 7.25%.
The company will offer 7% returns on tenure ranging from 18 months to 23 months, currently the interest rate is 7.15%. It has been announced to reduce the interest rate from 7.25% to 7.05% for tenure from 24 months to 35 months. The company has announced to reduce the interest rates from 7.60% to 7.25% for tenure ranging from 36 months to 60 months. Apart from this, the company is offering 0.50% extra interest to women and senior citizens.
Changes in interest rates of investment fixed plans also
Interest rates have been reduced for investment focused plans. The company has announced to reduce the interest rate from 7% to 6.75% for tenure of 12 months to 23 months. Whereas for tenure from 24 months to 35 months, the interest rate is going to be reduced from 7.25% to 7.05% and for tenure from 36 months to 48 months, the interest rate is going to be reduced from 7.60% to 7.25%.
(Disclaimer: The purpose of this article is only to share general information. Which is based on various mediums. Read does not recommend investing in FD, any scheme, share market etc.)
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