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Bandhan Bank Revises Interest Rates On Non-Withdrawable Fixed Deposits

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Bandhan Bank, a private sector lender, has modified its interest rates on non-withdrawable fixed deposits. The new rates are effective as of January 5, 2022, according to the bank's official website. Bandhan Bank, a private sector lender, has modified its interest rates on non-withdrawable fixed deposits. The new rates are effective as of January 5, 2022, according to the bank's official website. Customers should be notified that in the event of non-withdrawable fixed deposits, a 1% penalty will be imposed on the respective rate of interest for which the deposit is legitimately maintained with the bank.

 

Bandhan Bank Non-Withdrawable Fixed Deposit Interest Rates

Bandhan Bank Non-Withdrawable Fixed Deposit Interest Rates

On non-withdrawable fixed deposits, Bandhan Bank is providing the following interest rates as of January 5, 2022. All rates are based on the bank's official website and are per annum.

TenureRs 2 Cr to Rs 10 CrAbove Rs 10 Cr to less than Rs 25 CrRs 25 Cr to less than 50 CrRs 50 Cr and above
7 days to 15 days3.00%3.00%3.00%3.00%
16 days to 28 days3.00%3.00%3.00%3.00%
29 days to 45 days3.60%3.60%3.60%3.60%
46 days to 90 days3.60%3.60%3.60%3.60%
91 days to 180 days4.50%4.50%4.50%4.50%
181 days to 364 days4.75%4.75%4.75%4.75%
For 365 days6.05%6.05%6.05%6.05%
For 366 days6.05%6.05%6.05%6.05%
For 367 days to less than 15 months5.50%5.50%5.50%5.50%
15 months to less than 2 years5.50%5.50%5.50%5.50%
2 years to less than 3 years5.50%5.50%5.50%5.50%
3 years to less than 5 years5.50%5.50%5.50%5.50%
5 years to 10 years5.50%5.50%5.50%5.50%
Source: Bank Website. W.e.f. January 5, 2022

Bandhan Bank Interest Rates On Prematurely Withdrawable Fixed Deposits
 

Bandhan Bank Interest Rates On Prematurely Withdrawable Fixed Deposits

As of January 5, 2022, Bandhan Bank is offering the following interest rates on prematurely withdrawable fixed deposits. All rates are per annum and are based on the bank's official website.

TenureRs 2 Cr to Rs 10 CrAbove Rs 10 Cr to less than Rs 25 CrRs 25 Cr to less than 50 CrRs 50 Cr and above
7 days to 15 days3.00%3.00%3.00%3.00%
16 days to 28 days3.00%3.00%3.00%3.00%
29 days to 45 days3.60%3.60%3.60%3.60%
46 days to 90 days3.60%3.60%3.60%3.60%
91 days to 180 days3.75%3.75%3.75%3.75%
181 days to 364 days4.00%4.00%4.00%4.00%
For 365 days5.00%5.00%5.00%5.00%
For 366 days5.00%5.00%5.00%5.00%
For 367 days to less than 15 months5.00%5.00%5.00%5.00%
15 months to less than 2 years5.00%5.00%5.00%5.00%
2 years to less than 3 years5.00%5.00%5.00%5.00%
3 years to less than 5 years5.00%5.00%5.00%5.00%
5 years to 10 years5.00%5.00%5.00%5.00%
Source: Bank Website. W.e.f. January 5, 2022

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

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

The interest rates on fixed deposits of less than Rs. 2 crores have also been adjusted by Bandhan Bank. The new rates per annum effective as of January 5, 2022, for both normal and elderly residents, are given below.

TenureRegularSenior Citizens
7 days to 14 days3.00%3.75%
15 days to 30 days3.00%3.75%
31 days to Less than 2 months3.50%4.25%
2 months to less than 3 months3.50%4.25%
3 months to less than 6 months3.50%4.25%
6 months to less than 1 year4.50%5.25%
1 year to 18 months5.25%6.00%
Above 18 months to less than 2 years5.25%6.00%
2 years to less than 3 years5.50%6.25%
3 years to less than 5 years5.60%6.35%
5 years to up to 10 years5.60%6.35%
Source: Bank Website. W.e.f. January 5, 2022

Story first published: Friday, January 7, 2022, 8:59 [IST]
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