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Bajaj Finance lowers cap for FDs, offers higher returns >> News By Ripples Financial Advisory
Bajaj Finance, the lending and investment arm of Bajaj Finserv, has lowered the minimum cap for fixed deposits to Rs 25,000 to attract retail investors. The company will offer an annual cumulative interest rate of 8.05 percent for a tenor of 36-60 months on the reduced amount, Bajaj Finance said in a statement. Earlier, for depositors in the National Capital Region and Greater Mumbai, the minimum deposit amount was Rs 75,000 and for rest of India was Rs 50,000, it said.