Bandhan Bank revises rates of interest on these mounted deposits: Details right here

Bandhan Bank, a non-public sector lender, revised its rates of interest on bulk mounted deposits of Rs. 2 Cr. and above. As per the official web site of the financial institution, the brand new charges are efficient as of September 23, 2022. Using the phrases “With Premature Payment Facility” and “Without Premature Payment Facility,” Bandhan Bank has divided bulk deposits into these two classes. The financial institution modified its rates of interest for these two mounted deposit options on Friday, and as a consequence, it’s now offering an rate of interest of as much as 7.25%.

Bandhan Bank rates of interest on bulk deposits with untimely cost facility

On mounted deposits of ₹2 cr to ₹50 cr and above, the financial institution is providing an rate of interest starting from 3.25% to five.00% and a most rate of interest of 6.50% is supplied on this accretion slab on tenors of 12 months to lower than 15 months.

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Bandhan Bank rates of interest on bulk deposits (bandhanbank.com) Bandhan Bank rates of interest on bulk deposits with out untimely cost facility

The financial institution is now giving an rate of interest starting from 3.25% to five.50% on mounted deposits with maturities starting from 7 days to 10 years on mounted deposits of ₹2 cr to ₹50 cr and above with out the choice of a untimely withdrawal. The financial institution is giving a most rate of interest of seven.25% on time period deposits with maturities starting from 15 months to lower than 5 years.

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Bandhan Bank rates of interest on bulk deposits (bandhanbank.com)

Bandhan Bank has talked about on its web site that “In case of untimely withdrawal of deposit 1% penalty can be levied on the corresponding ROI for which the deposit is definitely stored with the financial institution. Any deposit above ₹10 crore will be taken solely after prior approval of treasury.”

Bandhan Bank lately up to date the rates of interest on financial savings account deposits, efficient September 16, 2022. According to the financial institution, the brand new charges apply to each home and non-resident rupee financial savings financial institution accounts. As a results of the change, Bandhan Bank is now giving a most rate of interest of 6.50% on financial savings accounts with day by day balances of above ₹50 crore to ₹100 crore. According to the financial institution, curiosity is set day by day primarily based on the account’s end-of-day clear steadiness and is paid on the final day of each calendar quarter on June 30, September 30, December 31, and March 31.

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