The interest rates on fixed deposits will now range between 3.50 per cent to 6.50 per cent (tenure between 7 days and 10 years) after revision. Senior citizens will get a special benefit and will be eligible to earn 0.75 per cent more interest.
Bandhan Bank FD Interest Rate
The bank will now offer an interest rate of 6.50 per cent on fixed deposits maturing in less than two to five years. The interest rates on fixed deposits with maturities ranging from one year to less than 2 years are now 6.25 per cent. The bank will offer an interest rate of 5.60 per cent for tenures ranging from five years to ten years.
premature withdrawal
The minimum tenure for domestic and NRO fixed deposits is 7 days, and no interest is paid on prematurely withdrawn deposits within 7 days of deposit.
According to Bandhan Bank website, “Penal interest rate of 1% will be applicable on the card rate. The Card Rate for Premature Closure shall be lower than the rate of 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.
Bandhan Bank Savings Account Interest Rate
For Bandhan Bank customers, the daily interest will be calculated using the clear balance at the end of the day of the account.
When you open a savings account with a bank for deposits between Rs 10 lakh and Rs 2 crore, you can get an interest rate of 6.25 per cent after revision. The amendment is effective from July 4, 2022.
Interest rates start at 3 per cent for amounts up to Rs 1 lakh, 5 per cent for incremental balances from Rs 1 lakh to Rs 10 lakh, 6.25 per cent for incremental balances from Rs 10 lakh to Rs 2 crore and starts at 6 percent for incremental balances. Above Rs 2 crore up to Rs 100 crore.
