Bajaj Finance has announced a 45-basis point increase in the interest rates of its fixed deposit (FD) schemes for senior citizens, raising the maximum rate to 7.75% for 31-60 month tenures. This change, effective from May 1, 2026, is part of the company's strategy to provide attractive yields in a competitive interest rate environment. Sachin Sikka, senior executive vice president of deposits and wealth management at Bajaj Finance, emphasized that this revision offers senior citizens a significant opportunity to secure higher returns over the long term. Alongside this hike, the company has also restructured the tenures for greater flexibility. Other non-senior citizen FD rates have also seen adjustments, but the most notable increase is in the senior citizen segment, reflecting Bajaj Finance's commitment to cater to the needs of this demographic.