“Interest of 3.00 per cent per annum to be applied for amounts up to Rs 1 lakh; 6 per cent per annum to be applied on incremental balances above Rs 1 lakh up to Rs 10 lakh; 6.25 per cent per annum to be applied above Rs 10 lakh 2 crore will be applied on incremental balances up to Rs 2 crore; 6 per cent per annum will be applied on incremental balances above Rs 2 crore up to Rs 50 crore and 6.50 per cent will be applicable on incremental balance 50, according to the bank’s website 100 crores is more than Rs.
Check Revised Interest Rates on Bandhan Bank Savings Accounts:
(Source: Bandhan Bank website)
According to Bandhan Bank’s website, the savings account interest rate will be calculated based on the clear balance in the account at the end of the day. The bank has mentioned that interest is paid every quarter on 30 June, 30 September, 31 December and 31 March.
According to the bank’s website, these new interest rates will be applicable for both domestic and non-resident rupee savings deposits. Those who want to know the interest rates on savings accounts above Rs 100 crore can approach the bank’s branch manager, the lender says.
The private sector bank has also revised the interest rates for bulk deposits above Rs 2 crore to Rs 50 crore and above, with effect from September 16, 2022.