Bandhan Bank New FD Interest Rate: Major private sector banks,Bandhan Bank has announced a new Fixed Deposit product, which offers a new attractive interest rate of 8.50 percent. The bank has informed about this move just a few days after the appeal of Finance Minister Nirmala Sitharaman, in which she asked the banks to consider bringing new and attractive products to increase deposits. Bandhan Bank has announced a new fixed deposit product with an attractive interest rate of 8.50 percent.1 Year9 A new period of 21 months has also been announced for which8.50% An attractive interest rate of ₹ has been offered. Under this FD offer, Bandhan Bank provides an annual interest rate of ₹ to senior citizens.8.5 percent will pay interest at the rate of Rs. for the same period of 21 monthsBalance on FDTo the customersInterest will be given at the rate of 8 percent. Bandhan Bank deposits in its savings accounts i.e. Savings Account10 Annually even on balance above Rs. lakh7 percent Gives interest at attractive rate.
Interest rates for different tenures
Banks to senior citizens1 Year9 from month to5 Annual interest on Fixed Deposits booked for a period of less than ‘year’of 7.75 per centAlso offering attractive and competitive interest rates.Non-Senior CitizenCustomers can make annual deposits on FDs of the same durationAt the rate of 7.25 percentInterest will be given. According to Bandhan Bank, its customers can book FDs from the comfort of their homes or offices through retail internet banking or mBandhan mobile application. According to the bank, through this online processFDIt will take customers just a few minutes to book.
Also read: Mutual Fund: Investors in these 7 flexi cap funds are in luck, got up to 66% return on SIP in one year
Current interest rates on Bandhan Bank FDs | ||
| Maturity Period | Non-Senior Citizens | Senior Citizens |
| 7from the day14 Day | 3.00% | 3.75% |
| 15from the day30Day | 3.00% | 3.75% |
| 31days to less than 2 months | 3.50% | 4.25% |
| 2from month to 3less than a month | 4.50% | 5.25% |
| 3months to less than 6 months | 4.50% | 5.25% |
| 6months to less than 1 year | 4.50% | 5.25% |
| 1from year to year1 Year 9month | 7.25% | 7.75% |
| 1 year 9 months | 8.00% | 8.50% |
| 1 Year 9month1Less than 2 years from the date | 7.25% | 7.75% |
| 2 years to less than 3 years | 7.25% | 7.75% |
| 3years to less than 5 years | 7.25% | 7.75% |
| 5from one year to 10 years | 5.85% | 6.60% |
‘Liability First’ is our strategy: Rajinder Babbar
Speaking on the bank’s new FD product, Rajinder Babbar, ED & CBO, Bandhan Bank said, “In keeping with the changing market conditions and our commitment to our customers, Bandhan Bank is excited to introduce its new Fixed Deposit bucket. This new approach embodies our ‘Liability First’ strategy designed to deliver superior returns. By aligning our deposit offerings with our deep understanding of our financial responsibilities and customer needs, we aim to provide both attractive rates and superior service. Our goal is to ensure that Bandhan Bank deposits not only meet but also exceed the expectations of our esteemed customers. This will further strengthen our position as a leading bank in terms of financial reliability and customer-centric solutions.”
