Hyderabad : Bandhan Bank today announced that it is offering up to 7.95% interest rate on Fixed Deposit (FD) for the tenure of 2 to less than 3 years, after increasing it by 20 basis points. The Bank offers the highest interest rate of 7.95% to the senior citizen customers. On the same FD tenure, the other customers will earn 7.45%.
The Bank is also offering an attractive interest rate of 7.75% to the senior citizens on longer term fixed deposits for the tenure of less than 5 years. Others will earn 7.25% for the same term deposits, which is one of the best FD interest rates in the banking industry.
Bandhan Bank also offers an interest rate of 6.5% on savings account balances above Rs.5 lakh to Rs.10 lakh.
Details of FD interest rate & tenure are as below:
| Maturity Bucket | Int. Rate for Non-Senior Citizens | Int. Rate for Senior Citizens |
| 7 days to 14 days | 2.95% | 3.70% |
| 15 days to 30 days | 2.95% | 3.70% |
| 31 days to less than 2 months | 3.45% | 4.20% |
| 2 months to less than 3 months | 4.20% | 4.95% |
| 3 months to less than 6 months | 4.20% | 4.95% |
| 6 months to less than 1 year | 4.20% | 4.95% |
| 1 year | 7.00% | 7.50% |
| 1 year 1 day to 1 year 9 months | 7.00% | 7.50% |
| 1 year 9 months 1 day to less than 2 years | 7.00% | 7.50% |
| 2 years to less than 3 years | 7.45% | 7.95% |
| 3 years to less than 5 years | 7.25% | 7.75% |
| 5 years to up to 10 years | 5.85% | 6.60% |
| Tax Saver Fixed Deposit | 6.25% | 7.25% |
Customers of Bandhan Bank can 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 and hassle-free manner.
