Bandhan Bank FD Rate: Bandhan Bank has increased the bulk FD rates. The bank is now offering interest rates up to 7.90 per cent on FDs. The increased rates have come into force with immediate effect.
Bandhan Bank Bulk FD Rate Hike: Private sector lender Bandhan Bank has increased interest rates on bulk fixed deposits (FD) from Rs 2 crore to Rs 50 crore and above. According to the official website of the bank, the new rates have become effective from today, January 30, 2023. After the revision, the bank is now offering Fixed Deposit customers a maximum interest rate of 7.90% on deposit terms ranging from 365 days to less than 15 months.
Bandhan Bank Bulk FD Rates
The bank now promises an interest rate of 5.00% on deposits maturing in the next 7 to 15 days and 5.80% on deposits maturing in the next 16 to 90 days. Bandhan Bank is now guaranteeing an interest rate of 6.25% on deposits with a tenure of 91 to 180 days, and 6.75% on deposits with a tenure of 181 to 364 days. Deposits with maturity of 365 days and less than 15 months will now fetch 7.90% interest, while deposits with maturity of 15 months and less than 5 years will now fetch 6.15% interest. On deposit tenure of 5 years to 10 years, the bank is promising an interest rate of 5.00%.
Bandhan Bank has informed on its website that in case of premature withdrawal of the deposit, a penalty of 1% will be levied on the respective ROI for which the deposit is actually placed with the bank. Any deposit above Rs.10 crore can be taken only with the prior approval of the treasury.
