Bajaj Finance Share Price in Focus on Strong Growth in Fixed Deposit Portfolio

On November 18, 2024, Bajaj Finance Ltd, a subsidiary of Bajaj Finserv, Reported a fixed deposit book size of ₹66,131 crore, reflecting a 21% growth from the previous period.

Bajaj Finserv FD Growth and Diverse Investors

Bajaj Finance has observed strong growth in deposits in Punjab and Haryana, with senior citizens making up almost two-thirds of its deposit base.

Additionally, the company’s fixed deposits show balanced participation from both male and female investors, according to Sachin Sikka, Executive Vice President of Deposits, Investments, Rewards, and EMI Cards at Bajaj Finance.

Bajaj Finserv offers attractive interest rates on its Fixed Deposits, with variations based on the type of FD and the age of the depositor.

Senior citizens can earn up to 8.85% per annum, while those under 60 years of age receive up to 8.60%. Regular FDs offer up to 8.50% per annum, providing competitive returns for all investors.

Bajaj Finance Share Price Performance

On November 19, 2024, Bajaj Finance share price traded 0.32% higher at ₹6,588.70 at 1:30 PM on NSE. The stock opened at ₹6,594.35 and rose to the day’s high of ₹6,644.80 in the early session today.

About Bajaj Finance

Bajaj Finance Ltd., a non-banking financial company, is a part of Bajaj Finserv Ltd. Established in 1987, the company offers a wide range of financial products, including personal loans, home loans, business loans, fixed deposits, and investment services.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.