Bandhan Bank hikes interest rates on fixed deposits and savings accounts

Bandhan Bank FD Rates

The bank will continue to offer an interest rate of 3.00 per cent on deposits made between 7 and 30 days, and Bandhan Bank has maintained its interest rate of 3.50 per cent on fixed deposits with maturities of 31 days and less than 2 months. The bank increased the interest rates on fixed deposits maturing in 2 months from 3.50 per cent to 4.50 per cent. On deposits of less than 1 year or less than 2 years, Bandhan Bank will now give interest at the rate of 6.25 percent from 5.75 percent.

The bank increased the interest rates on fixed deposits maturing in 2 years by 25 basis points from 6.25 per cent to 6.50 per cent over 5 years. The bank has kept its interest rate fixed at 5.60 per cent for long-term deposits of five to ten years. All term for older persons will be subject to an additional premium of 0.75 per cent over and above the standard rate. Senior citizens will now get a maximum interest rate of 7.25 per cent on fixed deposits maturing in 2 years or less than 5 years.

Bandhan Bank Savings Account Interest Rates

For savings accounts with daily balances up to 1 lakh, the bank will now offer an interest rate of 3 per cent, and for accounts with daily balance 1 lakh more 10 lakhs, Bandhan Bank will now offer an interest rate of 5 per cent. The bank is now offering a maximum interest rate of 6.25 percent on the above savings bank deposits from 10 lakhs 2 crore, which is much higher than the fixed deposit interest rates of some major banks. In fact, savings account holders of Bandhan Bank will get an interest rate of 6.00 percent on the daily balance from now on. 2 crore to 10 crore and above daily balance from 10 crores 100 crores.

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