Bajaj Finance moves up on offering FD rates of up to 8.60%
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Bajaj Finance is currently trading at Rs. 7025.00, up by 17.30 points or 0.25% from its previous closing of Rs. 7007.70 on the BSE.
The scrip opened at Rs. 7005.00 and has touched a high and low of Rs. 7080.00 and Rs. 7005.00 respectively. So far 13775 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7777.00 on 22-Sep-2022 and a 52 week low of Rs. 5235.60 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 7140.00 and Rs. 6993.35 respectively. The current market cap of the company is Rs. 426142.51 crore.
The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.15% and 11.93% respectively.
Bajaj Finance is offering FD rates of up to 8.60% p.a. To increase the returns of investors from FD, Bajaj Finance offers one of the best FD rates for special tenures. These special tenures are 15, 18, 22, 30, 33 and 44 months. Also, they offer a 0.25% p.a. higher FD interest rate for senior citizens.
Investors have the flexibility to choose their preferred frequency of receiving the interest payout. They can go for monthly payout options if they are looking for just an extra source of income. Alternatively, they can opt for quarterly, half-yearly, or even yearly payouts in case they need a bulk amount.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
