Bandhan Bank
Bandhan Bank hikes FD rates, offers up to 7.95% interest for senior citizens
Private sector lender Bandhan Bank on Wednesday announced an increase in its fixed deposit (FD) interest rates, offering up to 7.95% for deposits with a tenure of 2 to less than 3 years, following a hike of 20 basis points.
The bank said senior citizen customers will receive the highest rate of 7.95%, while other customers will earn 7.45% for the same tenure.
For longer-term deposits of less than 5 years, Bandhan Bank is offering an interest rate of 7.75% to senior citizens, while regular customers will earn 7.25%, which the bank claims is among the most competitive FD rates in the industry.
In addition, the bank is offering 6.5% interest on savings account balances between ₹5 lakh and ₹10 lakh.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
