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Bandhan Bank Revised Interest Rates On Savings Account; Check New Revised Rates Here
Private lender Bandhan Bank has revised its interest rates on savings bank accounts. According to the bank's official website, the new interest rates is effective from September 16, 2022, for both domestic and non-resident rupee savings bank accounts. Post adjustments, the bank is now allowing savings account holders to earn up to 6.50% in interest.
On a daily balance of up to Rs 1 lakh in a savings account, the bank is now offering an interest rate of 3% and on a daily balance of Rs 1 lakh to Rs 10 lakh on a savings account, the bank will now provide an interest rate of 6.00%. On a daily balance of Rs 1 lakh to Rs 10 lakh on a savings account, the bank will now promise an interest rate of 6.00%.
The bank will now offer an interest rate of 6.25% on daily balance in savings account from Rs 10 lakh to more than Rs 2 crore. On a daily balance above Rs 2 crore to Rs 50 crore in a savings account, savings account holders will now get an interest rate of 6.00% and on daily balance above Rs 50 crore to Rs 100 crore in savings account, savings account holders will get 6.50% interest rate.
Domestic / Non-Resident Rupee Savings Deposit Interest Rate Chart
| Savings Bank Account | Interest Rate |
|---|---|
| a. Daily Balance up to ₹1 lakh | 3.00% |
| b. Daily Balance above ₹1 lakh to ₹10 lakh | 6.00% |
| c. Daily Balance above ₹10 lakh to ₹2 crore | 6.25% |
| d. Daily Balance above ₹2 crore to ₹10 crore | 6.00% |
| e. Daily Balance above ₹10 crore to ₹50 crore | 6.00% |
| f. Daily Balance above ₹50 crore to ₹100 crore | 6.50% |
Source- bandhanbank.com
The above interest rates will be determined per day based on the outstanding balance at the end of the day of the account. In addition, according to Bandhan Bank official website, interest is paid on June 30, September 30, December 31 & March 31 of each calendar quarter.
