Interest rates on term deposits will now be between 3.50% and 6.50% (maturities between 7 days and 10 years) after the revision. Senior citizens will receive a special benefit and can earn 0.75% higher interest.
Bandhan Bank FD interest rate
The bank will now offer an interest rate of 6.50% on term deposits maturing in two to less than five years. Interest rates on term deposits with maturities of one year to less than 2 years are now 6.25%. The bank will offer an interest rate of 5.60 percent for five years up to ten years.
The minimum term for domestic and NRO term deposits is 7 days, and no interest is paid on deposits withdrawn prematurely within 7 days of deposit.
According to the Bandhan Bank website, âThe 1% penalty interest rate will be applied on the card rate. The rate for the Early Closing Card will be less than the rate for the original/contracted rental for which the deposit was booked or the rate applicable to the rental for which the deposit was in effect with the bank.
Bandhan Bank Savings Account Interest Rate
For Bandhan Bank customers, daily interest calculations will be made using the account’s end of day balance.
When you open a savings account with the bank for deposits between Rs 10 lakh and Rs 2 crore, you can receive an interest rate of 6.25% after the review. The revision is effective from July 4, 2022.
Interest rates start at 3% for amounts up to Rs 1 lakh, 5% for additional balances above Rs 1 lakh up to Rs 10 lakh, 6.25% for additional balances above Rs 10 lakh up to Rs 2 crore and 6% for additional balances. over Rs 2 crore up to Rs 100 crore.