Latest News
-
HDFC Life Q4 Results: PAT Soars 15% To Rs 411 Cr; Rs 2/Share Dividend Declared -
Rs. 17 Dividend Share: Do You Possess This Smallcap Stock, Which Is Set To Expire Today? -
SpiceJet Faces Turbulence As 3 Lessors Move NCLT Alleging Default Worth Rs 77 Crore -
These 7 Large Cap Mutual Funds Give Consistent Returns, Outperform Benchmarks; Do You Own Any? -
Decoding PSU Index: Post-COVID Rally To Continue After Elections? Top Stocks To Bet -
Nestle India To Cut Added Sugars In Baby Cereal Range; Stock Plunges -
'India Not Having Permanent Seat On Security Council...': Elon Musk Calls For Revision In UNSC; Netizens React -
Tech Layoffs Intensify: Google Announces Workforce Reduction Amidst Cost Cutting Measures; Report -
Gold Prices Bangalore, April 18: Yellow Metal Prices Fall After 2-Consecutive Days Rally -
Relief For Students As School Summer Holidays Begin Across States
Bandhan Bank Revises Interest Rates On Retail Deposits of Less Than Rs. 2 Cr
The private sector lender Bandhan Bank has revised its interest rates Retail Domestic / Non-Resident Rupee Term Deposits of less than Rs. 2 Cr. According to the bank's official website, the new rates go into effect today, January 5, 2022. Following the modification, Bandhan Bank is now offering retail term deposits of less than Rs. 2 Cr maturing in 7 days to 10 years at an interest rate of 3.00 percent to 5.60 percent to the general public and 3.75 percent to 6.35 percent to senior citizens.
Bandhan Bank Fixed Deposit Interest Rates For Regular Citizens
Bandhan Bank is currently giving a 3.00 percent interest rate on retail term deposits maturing in 7 to 30 days as of January 5, 2022. The general public will now get a 3.50 percent interest rate on term deposits maturing in 31 days to 6 months. On term deposits maturing in 6 months to less than 1 year and 1 year to less than 2 years, regular citizens will now receive interest rates of 4.50 percent and 5.25 percent, respectively. Non-senior citizens will earn 5.50 percent and 5.60 percent on deposits maturing in 2 years to less than 3 years and 3 years to 10 years, respectively, from Bandhan Bank. Here are Bandhan Bank's current interest rates per annum on fixed deposits of less than Rs. 2 crores for regular citizens.
| Tenor | Interest Rates for Non-Senior Citizens |
|---|---|
| 7 days to 14 days | 3.00% |
| 15 days to 30 days | 3.00% |
| 31 days to Less than 2 months | 3.50% |
| 2 months to less than 3 months | 3.50% |
| 3 months to less than 6 months | 3.50% |
| 6 months to less than 1 year | 4.50% |
| 1 year to 18 months | 5.25% |
| Above 18 months to less than 2 years | 5.25% |
| 2 years to less than 3 years | 5.50% |
| 3 years to less than 5 years | 5.60% |
| 5 years to up to 10 years | 5.60% |
| Source: Bank Website. W.e.f. January 05, 2022 |
Bandhan Bank Fixed Deposit Interest Rates For Senior Citizens
Over and above the card rate applicable to non-senior citizens, senior citizens will continue to get an additional rate of 0.75% across all tenors on their deposits of less than Rs. 2 Cr. Bandhan Bank's current yearly interest rates for elderly individuals on fixed deposits of less than Rs. 2 crores are listed below.
| Tenor | Interest Rates for Senior Citizens |
|---|---|
| 7 days to 14 days | 3.75% |
| 15 days to 30 days | 3.75% |
| 31 days to Less than 2 months | 4.25% |
| 2 months to less than 3 months | 4.25% |
| 3 months to less than 6 months | 4.25% |
| 6 months to less than 1 year | 5.25% |
| 1 year to 18 months | 6.00% |
| Above 18 months to less than 2 years | 6.00% |
| 2 years to less than 3 years | 6.25% |
| 3 years to less than 5 years | 6.35% |
| 5 years to up to 10 years | 6.35% |
| Source: Bank Website. W.e.f. January 05, 2022 |
Note
Yes Bank has recently changed its interest rates on term deposits below Rs. 2 crores. On deposits of less than Rs. 2 Cr maturing in 7 days to 10 years, the bank is currently granting an interest rate of 3.25 percent to 6.25 percent to regular residents and 3.75 percent to 7.00 percent to senior citizens as of January 4, 2022. Please click here to know more about Yes Bank's current fixed deposit interest rates.
