Bandhan Bank, a private lender, recently revised its fixed deposit (FD) interest rates, effective June 7, 2021. For deposits with a term of seven days to ten years, Bandhan Bank offers rates ranging from 3.00 per cent per annum to 5.50 per cent per annum. Bandhan Bank provides a 3.00 per cent interest rate on FDs maturing in seven to thirty days. The bank provides a 3.50 per cent interest rate on term deposits that mature in 31 days to less than 6 months. After the most recent modification, Bandhan Bank pays 4.50 per cent interest on deposits maturing in 6 months to less than one year.
Bandhan Bank provides 5.50 per cent interest on FDs with terms of one to three years. Fixed deposit rates at Bandhan Bank are 5.25 per cent for deposits with a term of 3 to 5 years. Bandhan Bank pays 5% interest on deposits with a maturity period of five to 10 years. Senior citizens will continue to get a 75-basis-point additional above regular customers' interest rates. After the most recent modification, Bandhan Bank's senior citizen FD rates currently range from 3.75 per cent to 6.25 per cent per annum.
Bandhan Bank latest FD rates (below Rs 2 crore)
|Tenure||Regular FD Rates||Senior Citizen FD Rates|
|7 days to 14 days||3.00%||3.75%|
|15 days to 30 days||3.00%||3.75%|
|31 days to Less than 2 months||3.50%||4.25%|
|2 months to less than 3 months||3.50%||4.25%|
|3 months to less than 6 months||3.50%||4.25%|
|6 months to less than 1 year||4.50%||5.25%|
|1 year to 18 months||5.50%||6.25%|
|Above 18 months to less than 2 years||5.50%||6.25%|
|2 years to less than 3 years||5.50%||6.25%|
|3 years to less than 5 years||5.25%||6.00%|
|5 years to up to 10 years||5.00%||5.75%|
|Source: Bandhan Bank, W.e.f. June 7, 2021|
The bank has also recently modified its savings account interest rates, which are in force from June 7, 2021. After the most recent modification, the bank currently offers savings account interest rates ranging from 3% to 6% based on the daily balance threshold. Here are the updated interest rates for Bandhan Bank's savings account.