Bandhan Bank Revises Interest Rates On FDs of Less Than Rs 2 Cr (W.e.f. January 12, 2022)

The private sector lender Bandhan Bank has revised its interest rates on fixed deposits of less than Rs. 2 Cr. The new rates are effective as of 12th January 2022 and are applicable on Retail Domestic / Non-Resident Rupee Term Deposits. Bandhan Bank allows deposits for a minimum tenure of 7 days, no interest is charged on domestic and NRO term deposits withdrawn prematurely within 7 days of the deposit date.

Bandhan Bank Interest Rates On Fixed Deposits of Less Than Rs. 2 Cr

Bandhan Bank is currently giving a 3.00 percent interest rate on deposits of less than Rs. 2 crore maturing in 7 to 30 days to the general public. Deposits maturing in 31 days to 6 months and 6 months to less than 1 year will now earn 3.50 percent and 4.50 percent, respectively. On term deposits maturing in 1 year to less than 2 years, 2 years to less than 5 years, and 5 years to up to 10 years, non-senior citizens will now get interest rates of 5.25 percent, 6.25 percent, and 5.60 percent, respectively. Senior citizens will continue to get an additional premium of 0.75 percent on their Retail Domestic / Non-Resident Rupee Term Deposits across all tenors. The following are Bandhan Bank's current interest rates per annum, which are effective as of January 12, 2021.

Tenor	Interest Rates for Non-Senior Citizens	Interest Rates for Senior Citizens
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	5.25%	6.00%
Above 18 months to less than 2 years	5.25%	6.00%
2 years to less than 3 years	6.25%	7.00%
3 years to less than 5 years	6.25%	7.00%
5 years to up to 10 years	5.60%	6.35%
Source: Bank Website. W.e.f. January 12, 2022

Bandhan Bank Bulk Deposit Interest Rates (With Premature Withdrawal Option)

The interest rates on bulk deposits of more than Rs. 2 crores that can be withdrawn prematurely have also been adjusted by Bandhan Bank. The new rates are effective as of 11th January 2022 and are listed below in brief.

Tenure	Rs 2 cr. to 10 cr	Above Rs 10 cr. to Less Than 25 cr	Rs 25cr.to less than 50 cr	Rs 50 cr. and above
7 days to 15 days	3.00%	3.00%	3.00%	3.00%
16 days to 28 days	3.00%	3.00%	3.00%	3.00%
29 days to 45 days	3.60%	3.60%	3.60%	3.60%
46 days to 90 days	3.60%	3.60%	3.60%	3.60%
91 days to 180 days	3.75%	3.75%	3.75%	3.75%
181 days to 364 days	4.00%	4.00%	4.00%	4.00%
For 365 days	5.00%	5.75%	5.75%	5.75%
For 366 days	5.00%	5.75%	5.75%	5.75%
For 367 days to less than 15 months	5.00%	5.00%	5.00%	5.00%
15 months to less than 2 years	5.00%	5.00%	5.00%	5.00%
2 years to less than 3 years	5.00%	5.00%	5.00%	5.00%
3 years to less than 5 years	5.00%	5.00%	5.00%	5.00%
5 years to 10 years	5.00%	5.00%	5.00%	5.00%
Source: Bank Website. W.e.f. January 11, 2022

Bandhan Bank Bulk Deposit Interest Rates (Without Premature Withdrawal Option)

Bandhan Bank has also modified the interest rates on bulk deposits of more than Rs. 2 crore that cannot be withdrawn prematurely. The revised rates are in force from January 11, 2022, and are summarised here.

Tenure	Rs 2 cr. to 10 cr	Above Rs 10 cr. to Less Than 25 cr	Rs 25cr.to less than 50 cr	Rs 50 cr. and above
7 days to 15 days	3.00%	3.00%	3.00%	3.00%
16 days to 28 days	3.00%	3.00%	3.00%	3.00%
29 days to 45 days	3.60%	4.00%	4.00%	4.00%
46 days to 90 days	3.60%	4.00%	4.00%	4.00%
91 days to 180 days	4.50%	4.50%	4.50%	4.50%
181 days to 364 days	4.75%	4.75%	4.75%	4.75%
For 365 days	6.05%	6.50%	6.50%	6.50%
For 366 days	6.05%	6.50%	6.50%	6.50%
For 367 days to less than 15 months	5.50%	5.50%	5.50%	5.50%
15 months to less than 2 years	5.50%	5.50%	5.50%	5.50%
2 years to less than 3 years	5.50%	5.50%	5.50%	5.50%
3 years to less than 5 years	5.50%	5.50%	5.50%	5.50%
5 years to 10 years	5.50%	5.50%	5.50%	5.50%
Source: Bank Website. W.e.f. January 11, 2022