On savings accounts with a daily balance of up to Rs 1 lakh, the bank will continue to offer an interest rate of 3%. The bank increased the interest rate on savings accounts with daily balances above Rs 1 lakh and up to Rs 10 lakh from 5% to 6%, an increase of 100 basis points. The bank offers 6.25 per cent for daily balances above Rs 10 lakh to Rs 2 crore.
The day-to-day balance of the account will be used to calculate interest each day. According to the bank’s website, “Interest of 3.00% p.a. will be applicable for amounts up to Rs.1 lakh, 6% p.a. on incremental balances above Rs.1 lakh up to Rs.10 lakh, @ 6.25% p.a. interest will be charged from Applicable on incremental balance above Rs 10 lakhs and above Rs 2 crores and 6% p.a. on incremental balances above Rs 2 crores up to Rs 100 crores.
Bandhan Bank FD Interest Rates
Offers interest rates between 3 per cent to 6.5 per cent for regular citizens with tenures ranging from 7 days to ten years for an amount less than Rs 2 crore. According to the website, “The rate of the card for premature closure shall be lower than the rate for the original/contracted period for which the deposit is booked or the rate applicable for the period for which the deposit is with the bank.” ,