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Bandhan Bank Alters MCLR & Fixed Deposit Interest Rates: Check New Rates Here

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Bandhan Bank, one of the leading private sector lenders, has updated its bulk deposit interest rates effective since December 24, 2021. On the other hand, commencing as of December 1, 2021, the bank has also updated its Marginal Cost of Funds based Lending Rates (MCLR). Following the most recent change, the bank is now giving an interest rate of 3.00 percent to 7.00 percent on deposits of more than Rs 2 crore maturing in 7 days to 10 years. On deposits of less than Rs 2 crore, however, the bank has left the interest rates untouched.

 

Bandhan Bank Interest Rates On Bulk Deposits With Premature Withdrawal Facility

Bandhan Bank Interest Rates On Bulk Deposits With Premature Withdrawal Facility

The bank is currently guaranteeing the following interest rates per annum on bulk deposits of Rs 2 crore to Rs 100 crore and above that include a premature withdrawal option, effective December 24, 2021.

TenureRs 2 cr. to Rs. 10 crAbove Rs 10 cr. to Less Than Rs. 25 crRs 25 cr. to less than Rs 50 crRs 50 cr.to less than Rs. 100 crRs 100 cr. and above
7 days to 15 days3.00%3.00%3.00%3.00%3.00%
16 days to 28 days3.00%3.00%3.00%3.00%3.00%
29 days to 45 days3.35%3.35%3.35%3.35%3.35%
46 days to 90 days3.35%3.35%3.35%3.35%3.35%
91 days to 180 days3.75%3.75%3.75%3.75%3.75%
181 days to 364 days4.00%4.00%4.00%4.00%4.00%
For 365 days7.00%7.00%7.00%7.00%7.00%
For 366 days7.00%7.00%7.00%7.00%7.00%
For 367 days to less than 15 months7.00%7.00%7.00%7.00%7.00%
15 months to less than 2 years7.00%7.00%7.00%7.00%7.00%
2 years to less than 3 years7.00%7.00%7.00%7.00%7.00%
3 years to less than 5 years7.00%7.00%7.00%7.00%7.00%
5 years to 10 years7.00%7.00%7.00%7.00%7.00%

Bandhan Bank Interest Rates On Bulk Deposits Without Premature Withdrawal Facility
 

Bandhan Bank Interest Rates On Bulk Deposits Without Premature Withdrawal Facility

Effective December 24, 2021, the bank is promising the following interest rates per annum on bulk deposits of Rs 2 crore to Rs 100 crore and above, with no option for premature withdrawal.

TenureRs 2 cr. to Rs. 10 crAbove Rs 10 cr. to Less Than Rs. 25 crRs 25 cr. to less than Rs 50 crRs 50 cr.to less than Rs. 100 crRs 100 cr. and above
7 days to 15 days3.00%3.00%3.00%3.00%3.00%
16 days to 28 days3.00%3.00%3.00%3.00%3.00%
29 days to 45 days3.35%3.35%3.35%3.35%3.35%
46 days to 90 days3.50%3.50%3.50%3.50%3.50%
91 days to 180 days4.50%4.50%4.50%4.50%4.50%
181 days to 364 days4.75%4.75%4.75%4.75%4.75%
For 365 days7.50%7.50%7.50%7.50%7.50%
For 366 days7.50%7.50%7.50%7.50%7.50%
For 367 days to less than 15 months7.50%7.50%7.50%7.50%7.50%
15 months to less than 2 years7.50%7.50%7.50%7.50%7.50%
2 years to less than 3 years7.50%7.50%7.50%7.50%7.50%
3 years to less than 5 years7.50%7.50%7.50%7.50%7.50%
5 years to 10 years7.50%7.50%7.50%7.50%7.50%

Bandhan Bank Marginal Cost of Funds based Lending Rates (MCLR) Effective From December 1, 2021

Bandhan Bank Marginal Cost of Funds based Lending Rates (MCLR) Effective From December 1, 2021

With effect from the 1st of December 2021, Bandhan Bank now has the following minimum lending rate.

TenorMCLR (in %)
Overnight8.41%
1 Month8.41%
3 Months8.41%
6 Months8.75%
1 Year9.00%
2 Years9.43%
3 Years10.12%

Note

Note

Bandhan Bank also changed its savings account interest rates last month. The bank is now offering an interest rate of 3.00 percent on daily balances up to Rs 1 lakh, 5.00 percent on daily balances between Rs 1 lakh and Rs 10 lakh, 6.00 percent on daily balances between Rs 10 lakh and Rs 2 crore, and 5.00 percent on daily balances between Rs 2 crore and Rs 10 crore, effective November 1, 2021. Domestic and non-resident rupee savings bank accounts are eligible for these rates.

Story first published: Saturday, December 25, 2021, 13:07 [IST]
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