Bandhan Bank Hikes FD Interest Rates With New Scheme; Check New Rates
Bandhan Bank has recently increased the interest rates on their fixed deposits through a special limited-time FD scheme
Over the past few weeks in the festive season, many public and private sector banks have increased the interest rates on their fixed deposit offerings in a bid to attract more customers and capital. Bandhan Bank, a popular private sector bank in India has recently launched a special limited-time fixed deposit scheme that offers some of the highest interest rates on FDs compared to all the banks in India. However, this scheme is only applicable on FDs of up to ₹2 crore in value. While regular customers can avail of up to 7.50% interest rates on 600-day FDs, senior citizens will enjoy interest rates of up to 8.00% on 600-day FDs. These interest rates will be applicable from November 7, 2022.
Bandhan Bank Increased FD Interest Rates
Let’s take a look at the increased interest rates offered by Bandhan Bank on fixed deposits of different tenures, as per their official website:
For FDs ranging from 7-14 days: The general FD interest rates for this tenure are 3% per annum. Senior citizens also have 3.75% interest rates for the same tenure FDs.
For FDs ranging from 15-30 days: The general FD rate for this time period is 3% per annum. As for senior citizen FDs, the interest rate remains the same at 3.75%.
For FDs ranging from 31 days to less than 2 months: The general FD interest rate for this time period is 3.50%. Senior citizens are eligible to get 4.25% interest rates under the same tenure.
For FDs ranging from 2 months to less than 3 months: The general FD interest rates for this tenure are 4.50% and senior citizens are eligible to get 5.25% interest rates for the same tenure.
For FDs ranging from 3 months to less than 6 months: People invested in general FDs will get an interest rate of 4.50% for this tenure, whereas senior citizens will get interest rates of 5.25%.
For FDs ranging from 6 months to less than 1 year: General FDs will get an interest rate of 4.50% and senior citizen FDs of the same tenure will receive 5.25% interest.
For FDs ranging from 1 year to 599 days: The general FDs of this tenure will receive 7.00% interest whereas senior citizen FDs of the same tenure will receive 7.50% interest.
For FDs of exactly 600 days: General FDs under this tenure will receive 7.50% interest rates and senior citizen FDs of this tenure will receive 8% interest.
For FDs ranging from 601 days to less than 2 years: General FDs under this tenure will get 7.00% interest and senior citizen FDs of the same tenure will receive 7.50% interest.
For FDs ranging from 2 years to less than 3 years: General FDs under this tenure will receive 7.00% interest whereas senior citizen FDs under the same tenure will receive 7.50% interest.
For FDs ranging from 3 years to less than 5 years: The general FDs under these tenures will receive 7.00% interest rates and senior citizen FDs will receive 7.50% interest.
For FDs ranging from 5 years to 10 years: The general FDs under these tenures will get 5.60% and senior citizen FDs will receive 6.35% interest for this tenure.
Disclaimer: All of the interest rates mentioned in this article have been recorded from the bank’s official website and are liable to change in the future.