Bandhan Bank hikes interest rates on Fixed Deposits

NEWS WAVE INDIA: Bandhan Bank, one of the leading universal banks, has increase its FD interest rates by 50 bps. The revised FD rates are applicable for retail deposits of up to Rs 2 crores and are effective from February 6, 2023. The offer is for a limited period. With this upward revision, the bank is offering one of the highest interest rates on fixed deposits in the Banking industry.

Maturity Bucket I Interest Rates for non-Senior Citizens I Interest Rates for Senior Citizens
7 days to 14 days – 3.00% – 3.75%
15 days to 30 days – 3.00% – 3.75%
31 days to Less than 2 months – 3.50% – 4.25%
2 months to less than 3 months – 4.50% – 5.25%
3 months to less than 6 months – 4.50% – 5.25%
6 months to less than 1 year – 4.50% – 5.25%
1 year to 599 days – 7.25% – 7.75%
600 days – 8.00% – 8.50%
601 days to less than 2 years – 7.25% – 7.75%
2 years to less than 3 years – 7.25% – 7.75%
3 years to less than 5 years – 7.25% – 7.75%
5 years to up to 10 years – 5.85% – 6.60%

Customers of Bandhan Bank can also enjoy the benefits of booking or investing in FD from the comfort of their homes or offices through retail internet banking or mBandhan mobile app. With this online process, customers can book the FDs within a few minutes in a hassle-free manner.