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This Bank Offers Uniform FD Rate On Long Term Deposits

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After a slew of banks both from the private and public space, Bandhan Bank is the latest to revise its FD rate. Here are the new revised rates wef July 18.

This Bank Offers Uniform FD Rate On Long Term Deposits
 

Also, the bank is the only one two offer a uniform rate across 2 to 10 years tenure. The FD rate is 7.65%. And senior citizens are eligible to earn 0.75% extra over and above the slab rate specified for other citizens.

FD rates depend on a host of factors from liquidity, monetary policy stance of the Reserve Bank etc.

Tenure Revised rate
7 days to 14 days 3.5%
15 days to 30 days 4%
31 days to less than 2 months 4%
2 months to less than 3 months 4%
3 months to less than 6 months 4.5%
6 months to less than 1 year 6.8%
1 year to 18 months 7.35%
Above 18 months to less than 2 years 7.5%
2 years to less than 5 years 7.65%
5 years to less than 7 years 7.65%
7 years to upto 10 years 7.65%

GoodReturns.in

Story first published: Monday, July 22, 2019, 10:55 [IST]
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