FD Interest Rate 8.50% August 12 2024
Bandhan Bank offers upto 8.50% interest rates on FD
- Bank introduces new bucket of 1 year 9 months
- Competitive FD rates of 8.50% p.a. for senior citizens &8.0% for others
- The bank also offers interestrates up to 7.0% on savings account
- The interest rates on FD are among thebest in the industry
August 13, 2024: Bandhan Bankhas announced a new bucket of 1 year 9 months at an attractive interest rate of 8.50%. For a fixed deposit of 1 year 9-month, the bank offers 8.5% interest rates for senior citizens. On the same FD tenure, other customers will earn 8%.Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings account.
The Bank is also offering an attractive and competitive interest rate of7.75% to senior citizens on longer-term fixed deposits for a tenure above 1 Year 9 Months to less than5 years. Others will earn 7.25% for the same term deposits.
Retail Domestic / Non-Resident Rupee Term Deposit Interest Rate Chart w.e.f. 07/08/24 |
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Maturity Bucket | Non-Senior Citizens | Senior Citizens |
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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 less than 1Year 9 Months | 7.25% | 7.75% | ||||
1 Year 9 Months | 8.00% | 8.50% | ||||
1Year 9 Months 1 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% | ||||
Regarding introducing a new offering, RajinderBabbar, ED & CBO, Bandhan Bank Said “In response to evolving market conditions and our commitment to our customers, Bandhan Bank is excited to introduce our new fixed deposit bucket. This innovative approach embodies our ‘liability-first’ strategy, designed to offer enhanced returns. By aligning our deposit offerings with a deeper understanding of our financial responsibilities and customer needs, we aim to provide both competitive rates and exceptional service.Our goal is to ensure that our deposit products not only meet but exceed the expectations of our valued clients, reinforcing our position as a leader in financial reliability and customer-centric solutions.”
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 application. With this online process, customers can book the FDs within a few minutes in a swift andhassle-free manner.
For more details and information about banks interest rates of FD, please visit. https://bandhanbank.com/rates-charges
About Bandhan Bank:
Started as a universal bank on August 23, 2015, Bandhan Bank is one of India’s fastest-growing private sector banks.
Bandhan Bank has always been committed to financial inclusion and aims to serve the underserved. Guided by the principle of ‘AapkaBhala, SabkiBhalai,’ the Bank is committed not only to serving its customers but also to making a positive difference in people’s lives. The Bank actively aims to bridge the gap for those who may not have had easy access to conventional banking services. Its focus is on providing a variety of world-class banking products and a comprehensive 360-degree service proposition, including loans, deposit accounts, internet and mobile banking and a host of products across India, primarily to semi-urban and rural customers.
In the last few years of operations, Bandhan Bank has spread its presence to 35 of the 36 states and union territories in India with around 6300 banking outlets. With the trust of more than 3.44 crore customers. Bandhan Bank has a deposit base of Rs.1.33 lakh crores as of June 30, 2024. Bandhan Bank has achieved consistent growth and its total assets stood at Rs.1.26 lakh crore as of June 30, 2024.
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