The bank will now offer 3% interest rate on savings accounts with daily balance up to Rs 1 lakh. The interest rate is 6% on savings accounts with a daily balance above Rs 1 lakh and up to Rs 10 lakh. The bank gives 6.25 per cent on daily balances between Rs 10 lakh and Rs 10 crore. The bank will offer 6.50 per cent for daily balances ranging from Rs 10 crore to Rs 100 crore.
The above rates are applicable on Domestic, Non-Resident Rupee Savings Accounts.
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 10 crores and 6.50% p.a. on incremental balances above Rs 10 crores up to Rs 50 crores.
Bandhan Bank FD Interest Rates
For amounts below Rs 2 crore, Bandhan Bank offers interest rates ranging from 3% to 6.5% with terms ranging from 7 days to ten years.
RBI rate hike
The Reserve Bank of India in its latest monetary policy meeting on Friday raised the repo rate from 0.5% to 5.9%.
state Bank of India Offers 2.7% interest rate on all balances. HDFC bank Pays 3% interest on amount up to Rs 50 lakh and 3.5% on balance above Rs 50 lakh. PNBOn the other hand, it offers an interest rate of 2.70% on balances below Rs 10 lakh and 2.75% on balance above Rs 10 lakh.