Bandhan Bank revises rates of interest on financial savings accounts: Now rise up to six.50%
Bandhan Bank, a personal lender, has modified its rates of interest on financial savings financial institution accounts. According to the financial institution’s official web site, the brand new rates of interest will take impact on September 16, 2022, for each home and non-resident rupee financial savings financial institution accounts. After the adjustment, the financial institution is now allowing financial savings account holders to earn as much as 6.50% in curiosity.
Bandhan Bank Savings Account Interest Rates
On financial savings account each day steadiness as much as ₹1 lakh, the financial institution is now providing an rate of interest of three.00% and on financial savings account each day steadiness above ₹1 lakh to ₹10 lakh the financial institution will now promise an rate of interest of 6.00%. Bandhan Bank will now supply an rate of interest of 6.25% on financial savings account each day steadiness above ₹10 lakh to ₹2 crore and the financial institution will now promise an rate of interest of 6.00% on financial savings account each day steadiness above ₹2 crore to ₹10 crore.
On financial savings account each day steadiness above ₹10 crore to ₹50 crore, financial savings account holders will now get an rate of interest of 6.00% and on financial savings account each day steadiness above ₹50 crore to ₹100 crore, financial savings account holders will now get a most rate of interest of 6.50%. The aforementioned rates of interest might be decided per day relying on the account’s end-of-day excellent steadiness. Furthermore, curiosity is paid on June 30, September 30, December 31, and March 31 of each calendar quarter, in line with Bandhan Bank.
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Bandhan Bank Savings Account Interest Rates (bandhanbank.com)
Bandhan Bank has talked about on its web site that “Interest of three.00% p.a might be utilized for quantity as much as ₹1 lakh, 6% p.a might be utilized on the incremental steadiness over and above ₹1 lakh as much as ₹10 lakh, 6.25% p.a might be utilized on the incremental steadiness over and above ₹10 lakh as much as ₹2 crore, 6% p.a might be utilized on the incremetal steadiness over and above ₹2 crore as much as ₹50 crore and 6.50% might be utilized on the incremental steadiness over and above ₹50 crore to ₹100 crore.”
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