Bajaj Finance raises FD rates up to 7.40%: Should you lock in now?

The company has increased rates by up to 45 basis points, with the biggest jump seen in longer tenures. This means investors looking to park money for a few years could now earn better returns.

In Short

• Bajaj Finance raises fixed deposit rates effective May 1, 2026
• Interest rates up by up to 45 basis points, biggest rise in longer tenures
• Mid-term and long-term tenure options extended and revised

In a move that may interest fixed-income investors, Bajaj Finance Ltd. has raised interest rates on its fixed deposits. The revised rates will come into effect from May 1, 2026.

The company has increased rates by up to 45 basis points, with the biggest jump seen in longer tenures. This means investors looking to park money for a few years could now earn better returns.

HIGHER RETURNS FOR LONGER TENURES

The most notable change is in the 31–60 months category. For non-senior citizens, the interest rate has been raised to 7.40%, up from 6.95%. Senior citizens can now earn 7.75% for the same period, compared to the earlier 7.30%.

This sharper increase in long-term deposits suggests the company is encouraging investors to lock in funds for a longer duration.

WHAT HAS CHANGED IN THE FD RATES

The revised structure shows both rate changes and a reshuffle in tenures.

For non-senior citizens, the 12–14 month category earlier offering 6.60% has now been extended to 12–17 months with the same rate, meaning no change here. However, the mid-range tenure of 15–23 months has been expanded to 18–30 months, and the rate has gone up from 6.75% to 6.85%.

The biggest jump comes in the long-term bracket. The earlier 24–60 months category with 6.95% is now split into 31–60 months, offering 7.40%, reflecting a 0.45% increase.

A similar pattern is seen for senior citizens. The short-term rate of 6.95% remains unchanged, while the mid-term rate increases slightly from 7.10% to 7.20%. The long-term rate sees a strong rise from 7.30% to 7.75%.

A BETTER DEAL FOR CONSERVATIVE INVESTORS

With bank deposit rates largely steady, such hikes from non-banking financial companies may catch attention. The revised rates, especially for longer tenures, could appeal to those who prefer steady and predictable returns.

The company also mentioned that the updated tenure options aim to give investors more flexibility while choosing their deposit period.

The rate hike comes at a time when many investors are unsure about interest rate movements. Locking in a higher rate now, particularly for three to five years, could work well for those seeking stability in their portfolio.

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