Bandhan Bank hikes rates of interest on fastened deposits and financial savings accounts

Bandhan Bank, a non-public sector lender, has reported an increase within the rate of interest on fastened deposits and financial savings accounts. The revised rates of interest went into impact on July 4, 2022, and the financial institution now provides financial savings account holders a most rate of interest of 6.25 per cent and an rate of interest of three.00% – 5.60% to most of the people and three.75% – 6.35% to senior residents on fastened deposits of lower than ₹2 Cr.

Bandhan Bank FD Rates

The financial institution will proceed to provide a 3.00 per cent rate of interest on deposits made between 7 and 30 days, and Bandhan Bank has maintained its 3.50 per cent rate of interest on fastened deposits with maturities between 31 days and fewer than 2 months. The financial institution elevated rates of interest on time period deposits maturing in 2 months to lower than 1 12 months from 3.50 per cent to 4.50 per cent. On deposits of 1 12 months or lower than 2 years, Bandhan Bank will now give an rate of interest of 6.25 per cent, up from 5.75 per cent.

The financial institution elevated rates of interest on fastened deposits maturing in 2 years to lower than 5 years by 25 foundation factors, from 6.25 per cent to six.50 per cent. The financial institution has stored its rate of interest regular at 5.60 per cent for long-term deposits of 5 to 10 years. All tenors can be topic to an extra 0.75 per cent premium for aged people, over and above the usual price. Senior residents will now get a most rate of interest of seven.25 per cent on time period deposits maturing in 2 years or lower than 5 years.

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Bandhan Bank FD Rates 2022 (bandhanbank.com) Bandhan Bank Savings Account Interest Rates

For financial savings accounts with a day by day stability of as much as ₹1 lakh, the financial institution will now give an rate of interest of three per cent, and for accounts with a day by day stability of between ₹1 lakh and ₹10 lakh, Bandhan Bank will now provide an rate of interest of 5 per cent. The financial institution is now giving a most rate of interest of 6.25 per cent on financial savings financial institution deposits of above ₹10 lakh to ₹2 crore, which is considerably larger than the fastened deposit rates of interest of among the main banks. In truth, Bandhan Bank financial savings account holders will now obtain an rate of interest of 6.00 per cent on day by day balances over ₹2 crore to ₹10 crore and day by day balances above ₹10 crore to ₹100 crore.

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Bandhan Bank Savings Account Interest Rates (bandhanbank.com)

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