📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
Bajaj Finance Raises Fixed Deposit Rates Following RBI Repo Rate Hike
✍️ Asianet Newsable
🗓 08 Oct 2026, 11:46 AM
👁 11
Bajaj Finance announced higher interest rates on its fixed‑deposit products after the Reserve Bank of India lifted the repo rate, aligning returns with the central bank’s monetary stance.
The Reserve Bank of India recently increased its policy repo rate, signalling a tighter monetary environment. In response, Bajaj Finance, one of the country’s leading non‑bank lenders, said it has revised upward the interest rates offered on its fixed‑deposit (FD) schemes.
The company confirmed that the new rates apply to all tenures and are higher than the previous slab, though exact percentages were not disclosed in the brief statement. By adjusting its FD rates, Bajaj Finance aims to keep its products competitive amid the broader rise in market yields.
Financial analysts note that higher FD rates can attract retail savers seeking better returns on low‑risk instruments, potentially boosting the lender’s deposit base. The move also reflects a sector‑wide trend where lenders align their savings products with the RBI’s policy direction.
Investors are advised to check the updated rate schedule on Bajaj Finance’s official website or contact its customer service before placing new deposits.
The company confirmed that the new rates apply to all tenures and are higher than the previous slab, though exact percentages were not disclosed in the brief statement. By adjusting its FD rates, Bajaj Finance aims to keep its products competitive amid the broader rise in market yields.
Financial analysts note that higher FD rates can attract retail savers seeking better returns on low‑risk instruments, potentially boosting the lender’s deposit base. The move also reflects a sector‑wide trend where lenders align their savings products with the RBI’s policy direction.
Investors are advised to check the updated rate schedule on Bajaj Finance’s official website or contact its customer service before placing new deposits.