Details of new FD rates for senior citizens and general customers
Senior citizens will benefit the most from the new rates, with Bandhan Bank offering them 8.55% for one year. FDFor non-senior clients, the rate stands at 8.05%. The increase represents an 80 basis point increase from previous rates, reflecting a significant increase in returns for depositors.
FD Rates for Long Term Deposits
For deposits with a term of less than five years, seniors will receive 7.75%, while other customers will get 7.25%. In addition, the bank offers a 7% interest rate on savings account balances of more than five years. ₹10 lakhs.
FD Rate Breakdown
The revised FD rates by maturity tranche are as follows:
Source: Bank Bandhan
The convenience of online banking
Bandhan Bank customers can avail these enhanced FD rates through their online banking platform or mBandhan mobile app.
This rate hike positions Bandhan Bank as a competitive player in the fixed deposit market, offering attractive returns to senior citizens and other depositors alike.
Read also: Axis Bank vs ICICI Bank | New Fixed Deposit Interest Rates Comparison: Which is Better?
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