In a bid to strengthen its nascent wealth management business, Bajaj Finance is aiming to mop-up Rs 2,500 crore through fixed deposit scheme in the next three years.
Under the fixed deposit scheme, the company will offer products in maturities ranging from one year to five years and offer an interest rate of up to 10%, while Senior citizens will earn an additional interest of 0.25%.
Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines.
Under the fixed deposit scheme, the company will offer products in maturities ranging from one year to five years and offer an interest rate of up to 10%, while Senior citizens will earn an additional interest of 0.25%.
Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines.
No comments:
Post a Comment