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Latest rates available from NFBCs offering FD interest rates up to 8.8 per cent – Check here.

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These NFBCs offer FD interest rates upto 8.8 per cent. Check latest rates here

Bajaj Finance and Shriram Finance have recently raised their fixed deposit interest rates, offering competitive rates for various tenures. Bajaj Finance now provides interest rates ranging from 7.4 percent to 8.10 percent, with the highest rate for a 42-month tenure set at 8.60 percent. These rates came into effect on April 3, 2024. Bajaj Finance FDs are rated AAA/Stable by Crisil.

For those opting for an 18-month tenure with Bajaj Finance, the interest rate stands at 7.8 percent. Similarly, for 22-month FDs, the interest rate is 7.90 percent, and for 33-month FDs, it goes up to 8.10 percent. Additionally, a new 42-month tenure FD with an interest rate of 8.60 percent has been introduced by Bajaj Finance.

On the other hand, Shriram Finance has also increased its fixed deposit interest rates, offering rates between 7.85 percent and 8.80 percent per annum for tenures of 12 to 60 months. These new rates came into effect on April 9, 2024. Shriram Finance FDs are rated AA+ (stable) by ICRA.

For Shriram Finance, the highest interest rate of 8.80 percent is offered for 50-month or 60-month deposits. The interest rate for a 42-month tenure is 8.75 percent, while for a 36-month period, it is 8.7 percent. Additionally, for a 30-month tenure, the interest rate stands at 8.35 percent, and for a 24-month tenure, it is 8.15 percent.

Overall, both Bajaj Finance and Shriram Finance have increased their fixed deposit interest rates, providing competitive options for investors across various tenures. These rate hikes aim to attract more customers and provide sustainable returns on investment.

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