Bajaj Finance has 5 lakh depositors

Hyderabad Bajaj Finance Limited, a diversified Non-Banking Financial Company, and part of Bajaj Finserv, said its Fixed Deposits book had crossed a milestone of Rs 50,000 crore. It has half a million depositors, with each depositor having placed 2.87 deposits, totalling 1.4 million deposits.Bajaj Finance offers among the highest interest rates on FDs for a tenor of 44 months, at 8.60 per cent for senior citizens and 8.35 per cent for others. It offers interest rates of 7.40 per cent for a tenor of 12 months and 7.55% for 24 months. For 36 to 60 months, interest rates are at 8.05 per cent. Senior citizens are offered an additional 0.25 per cent. on these rates Over 10 years, the company has grown its deposit book at a CAGR of 60 per cent and depositor count at a CAGR of 49 per cent.Bajaj Finance has the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1+ for its short-term debt programme from CRISIL, ICRA and India Ratings, and AAA (Stable) for its fixed deposits programme from CRISIL and ICRA, the compay said.