New Delhi, Jun 13 (PTI) Bajaj Finance Ltd, the lending arm of Bajaj Finserv, on Monday said it has raised fixed deposit interest rates on various tenors -- 24-60 months -- by up to 20 basis points (0.20 per cent).

This will not include deposits of 44 months tenor, it added.

Also Read | Samsung Crystal 4K Neo Affordable TV Launched in India at Rs 35,990.

The revised rates on Bajaj Finance FDs of up to 20 basis points are effective from June 14, 2022, and shall be applicable to fresh deposits and renewals of maturing deposits, the lender said in a release.

With this, the depositors will earn 7.20 per cent cumulative return on deposits between 36 months to 60 months.

Also Read | Coolpad Cool 20s 5G With MediaTek Dimensity 700 Chipset Launched; Price, Features & Specifications.

Senior citizens can reap the benefit of up to 0.25 per cent higher FD rates, which will offer assured returns of 7.45 per cent for 36 months to 60 months, the company said.

The non-banking finance company (NBFC) said it has also included special interest rates for all customers.

"With special interest rate, one can now choose specific tenors to enjoy interest rates up to 7.35 per cent per annum."

For a tenor of 44 months customers below 60 years of age can enjoy FD interest rate of 7.35 per cent per annum, while senior citizens can earn up to 7.60 per cent per annum, it said.

The company said customers can make investments from their homes with an end-to-end online process.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)