After the increase in the repo rate, apart from government and private banks, many non-banking finance companies (NBFCs) are also giving strong returns to customers on their FD rates.
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FD Rates Hike: To control inflation from May 2022 onwards, the government is continuously increasing the repo rate. After this increase, the government and private banks many besides Non Banking Finance Company (NBFC) are also giving strong returns to the customers on their FD rates. Recently NBFC Bajaj Finance Ltd. did his Fixed Deposit (FD) But the interest rates have changed.
After the change, Bajaj Finance is offering a maximum interest of 8.20% on FD. The company is running a special FD scheme of 15 to 23 months, on which it is offering 8.20% interest. The company’s new FD rates have come into effect from March 4, 2023. The highest interest rate of 7.85 per cent is being received in FDs of other categories.
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Bajaj Finance FD Rates
Apart from this, Bajaj Finance is offering 33 months special FD. Senior citizens are getting 7.75% interest on this FD while the common people are getting maximum interest of 7.70% return on FD. The company is offering special FDs of 15 months, 18 months, 22 months, 30 months, 33 months and 44 months. Paying interest up to 7.50 on FD of 12 to 23 months. Common people are getting 7.15% interest on 15 months special FD.
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Many banks have increased interest rates on FD
Let us tell you, recently SBI, PNB, Kotak Mahindra Bank, HDFC Bank, Suryoday Small Finance Bank, Yes Bank, Jan Small Finance Bank etc. have also increased their FD rates. This process of increase in FD rates has started after the increase in repo rates of RBI.