Bandhan Bank has introduced a new fixed deposit (FD) tenure of 1 year 9 months, offering highly competitive interest rates. Senior citizens can earn 8.50% per annum, while other customers receive 8%. The bank also offers up to 7% interest on savings accounts with balances above Rs. 10 lakh.
Rajinder Babbar, Executive Director and Chief Business Officer of Bandhan Bank, highlighted the bank’s customer-focused approach, stating, “Our new FD bucket aligns with our commitment to provide exceptional returns and meet the evolving needs of our clients.”Bandhan Bank’s competitive FD rates have positioned it strongly across India, including emerging markets like Agartala. With the region showing increased financial activity, the bank’s attractive deposit rates are expected to draw significant interest from local customers, further expanding its footprint in the Northeast.
Beyond the 1 year 9 months bucket, Bandhan Bank offers senior citizens up to 7.75% interest on longer-term deposits, while others receive 7.25%. Customers can conveniently book FDs online via retail internet banking or the mBandhan mobile app, ensuring a seamless experience.
