Bandhan Bank has announced a significant hike in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure. The bank increased its FD rate by 80 basis points, providing one of the highest returns in the banking sector. Senior citizens will benefit the most, earning 8.55% on 1-year deposits, while other customers will receive 8.05%.
For long-term deposits of less than five years, senior citizens will earn 7.75%, while others can secure 7.25%. The bank is also offering 7% interest on savings accounts with balances above Rs.10 lakh.
Here’s a breakdown of the FD rates:
For 7 to 14 days: 3.00% for non-senior citizens, 3.75% for senior citizens.
For 1-year tenure: 8.05% for non-senior citizens, 8.55% for senior citizens.
Customers can seamlessly book FDs through Bandhan Bank’s online platforms, including retail internet banking and the mBandhan mobile app, ensuring a quick and hassle-free experience.
