Bandhan Bank Revises Bulk FD Rates
On November 24 Bandhan Bank announced its revised interest rates on bulk FDs. Read on for more details.
The interest rates on bulk FDs that are more than 2 crore rupees have been revised by private sector lender Bandhan Bank. According to the bank's official website, the new rates have taken effect from November 24, 2022.
On fixed deposits with tenures ranging from 7 days to 10 years, the bank is now offering interest rates between 3.25% and 5.00%. The new interest rates for bulk deposits apply to both callable and non-callable accounts.
In this article, we will go through the various FD rates for different tenures revised by Bandhan Bank.
Revised Bulk FD Rates Of Bandhan Bank
FDs with premature payment facility and that are maturing within 7 to 15 days, the bank is now providing an interest rate of 3.25%. As for FDs without premature payment facility and that are maturing within 7 to 15 days, the bank is yet offering an interest rate of 3.25%.
FDs with premature payment facility and that are maturing within 16 to 28 days, the bank is once again providing an interest rate of 3.25%. As for FDs without premature payment facility and that are maturing within the same tenure, the bank is offering an interest rate of 3.25%.
FDs with premature payment facility and that are maturing within 29 to 45 days, the bank is providing an interest rate of 5.40%. Meanwhile FDs without premature payment facility and that are maturing within the same tenure, the bank is offering an interest rate of 5.80%.
FDs with premature payment facility and that are maturing within 46 to 90 days, the bank is providing an interest rate of 5.40%. As for FDs without premature payment facility and that are maturing within 46 to 90 days, the bank is offering an interest rate of 6.30%.
FDs with premature payment facility and that are maturing within 91 to 180 days, the bank is now providing an interest rate of 6%. For FDs without premature payment facility and that are maturing within the same duration, the bank is giving an interest rate of 6.75%.
FDs with premature payment facility and that are maturing within 181 to 364 days, the bank is providing an interest rate of 6%. As for FDs without premature payment facility and that are maturing within the same duration, the bank is offering an interest rate of 6.75%.
FDs with premature payment facility and that are maturing within 365 days, the bank is now providing an interest rate of 7.25%. As for FDs without premature payment facility and that are maturing within 365 days, the bank is offering an interest rate of 8%.
FDs with premature payment facility and that are maturing within 366 days, the bank is again providing an interest rate of 7.25%. For FDs without premature payment facility and that are maturing within 366 days, the bank is offering an interest rate of 8%.
FDs with premature payment facility and that are maturing within 367 days to less than 15 months, the bank is offering an interest rate of 7.25%. As for FDs without premature payment facility and that are maturing within the same tenure, the bank is offering an interest rate of 8%.
FDs with premature payment facility and that are maturing within 15 months to less than 2 years, the bank is now providing an interest rate of 6.15%. As for FDs without premature payment facility and that are maturing within the same term, the bank is offering an interest rate of 7.40%.
FDs with premature payment facility and that are maturing within 2 years to less than 3 years, the bank is providing an interest rate of 6.15%. As for FDs without premature payment facility and that are maturing within the same duration, the bank is offering an interest rate of 7.40%.
FDs with premature payment facility and that are maturing within 3 years to less than 5 years, the bank is providing an interest rate of 6.15%. As for FDs without premature payment facility and that are maturing within the same term, the bank is offering an interest rate of 7.40%.
FDs with premature payment facility and that are maturing within 5 years to 10 years, the bank is now providing an interest rate of 5%. As for FDs without premature payment facility and that are maturing within the same term, the bank is offering an interest rate of 5.50%.
Other notes:
If a deposit is prematurely withdrawn, a penalty of 1% of the ROI for which the deposit was actually held with the bank will be assessed.
The Treasury must approve any deposit over 10 crore in advance.
Disclaimer: The interest rates mentioned in this article are recorded at the time of writing and are subject to change. BQ Prime does not endorse any of the fixed deposits mentioned above. Please invest at your own discretion.