FD Rates Interest: Big news for everyone. Following the Reserve Bank of India’s 25 basis points hike in the repo rate, there is positive news for fixed deposit (FD) investors. Bajaj Finance Limited, a leading non-banking finance company in India, has raised its fixed deposit interest rates by 15 to 40 basis points (0.15% to 0.40%).

This adjustment is effective from October 7, 2026, and applies to new FD bookings and renewals ranging from Rs 15,000 to Rs 3 crore. Bajaj Finance has significantly increased interest rates, especially on long-term FDs, to benefit investors with extended deposit periods.

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Senior citizens can now expect up to 8.15% annual interest on FDs.

Bajaj Finance has also enhanced the additional interest benefit for senior citizens from 0.35% to 0.40% per annum. The interest rates for different tenures are as follows:

– 31 to 60 months: Senior citizens will earn 8.15% per annum.
– 18 to 30 months: Senior citizens will receive 7.40% per annum.
– 12 to 17 months: The rate for this short-term FD is now 7.20% per annum.

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For general depositors, interest rates have been raised by 15 to 35 bps across all tenors:

– 31 to 60 months FD: General customers will now enjoy a return of 7.75% per annum.
– 18 to 30 months FD: The rate has increased to 7.00% per annum.
– 12 to 17 months FD: The interest rate has been adjusted to 6.80% per annum.

Existing customers renewing their FDs will receive an additional bonus of 0.10% per annum.

Bajaj Finance has introduced a ‘Renewal Bonus’ for loyal customers. By renewing old matured FDs with the company, customers will earn an extra 0.10% interest per annum:

– Senior Citizens (Renewal): 8.25% per annum on FDs for 31 to 60 months.
– General Customers (Renewal): 7.85% per annum on FDs for 31 to 60 months.

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For those seeking monthly pension payments, the non-cumulative option is the most suitable:

– Monthly Pay-out: Senior citizens will receive 7.86% per annum (7.96% on renewal) every month on FDs of 31 to 60 months.
– Monthly Pay-out: Regular investors will earn 7.49% per annum on FDs of 31 to 60 months.