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This Private Sector Bank Revises Bulk Deposit Interest Rates
Bandhan Bank, a private sector lender, has changed its Bulk Deposit interest rates. The revised rates are effective as of December 29, 2021. The bank is currently giving a 3.00 percent to 5.00 percent interest rate on deposits of Rs 2 crore to Rs 10 crore, above Rs 10 crore to less than Rs 25 crore, Rs 25 crore to less than Rs 50 crore, and Rs 50 crore and above with a premature withdrawal facility.
Bandhan Bank Bulk Deposit Interest Rates W.e.f. December 29, 2021 (With Premature Withdrawal Facility)
With effect from December 29, 2021, Bandhan Bank is now offering an interest rate of 3.00% on deposits maturing in 7 days to 28 days. Whereas on deposits maturing in 29 days to 90 days, the bank is now offering an interest of 3.60%. On deposits maturing in 91 days to 180 days, Bandhan Bank is now offering an interest rate of 3.75%. Bandhan Bank is now offering an interest rate of 4.00% on bulk deposits maturing in 181 days to 364 days. Whereas on deposits maturing in 365 days to 10 years, the bank is now offering an interest rate of 5.00%. All these interest rates are applicable on bulk deposits of Rs 2 Cr to Rs 50 cr. and above.
| Tenure | Rs 2 cr to Rs10 cr | Above Rs. 10 cr. to Less Than Rs. 25 cr | Rs. 25cr to less than Rs 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% | 5.00% | 5.00% | 5.00% |
| For 366 days | 5.00% | 5.00% | 5.00% | 5.00% |
| 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 |
Bandhan Bank Bulk Deposit Interest Rates W.e.f. December 29, 2021 (Without Premature Withdrawal Facility)
Bandhan Bank is currently giving a 3.00 percent interest rate on deposits maturing in 7 to 28 days, effective December 29, 2021. The bank is currently giving a 3.60 percent interest rate on deposits maturing in 29 days to 90 days. Bandhan Bank is currently giving a 4.50 percent interest rate on deposits maturing in 91 to 180 days. Bandhan Bank is currently giving a 4.75 percent interest rate on bulk deposits with maturities ranging from 181 to 364 days. The bank is currently giving a 5.50 percent interest rate on deposits maturing in 365 days to 10 years. All of these rates apply to bulk deposits of Rs 2 crore to Rs 50 crore and beyond.
| Tenure | Rs 2 cr to Rs10 cr | Above Rs. 10 cr. to Less Than Rs. 25 cr | Rs. 25cr to less than Rs 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 | 4.50% | 4.50% | 4.50% | 4.50% |
| 181 days to 364 days | 4.75% | 4.75% | 4.75% | 4.75% |
| For 365 days | 5.50% | 5.50% | 5.50% | 5.50% |
| For 366 days | 5.50% | 5.50% | 5.50% | 5.50% |
| 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 |
Bandhan Bank Interest Rates On Retail Domestic / Non-Resident Rupee Term Deposits of Less Than Rs. 2 Cr
On Retail Domestic / Non-Resident Rupee Term Deposits of less than Rs. 2 Cr maturing in 7 days to 10 years, the bank is now offering an interest rate of 3.00% to 5.00% to the general public and 3.75% to 5.75% to senior citizens. Bandhan Bank's revised interest rates w.e.f. June 7, 2021 on domestic fixed deposits of less than Rs 2 Cr are listed below.
| 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 | 5.50% | 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: Bank Website |
