Interest Rates: Good news for the customers of this bank.. The private bank has increased the interest rates.

Bandhan Bank, one of the leading private banks in the country, has announced an increase in interest rates on fixed deposits worth less than Rs. 2 crores.

Bandhan Bank, one of the leading private banks in the country, has invested Rs. It has announced an increase in interest rates on fixed deposits worth less than 2 crores. The bank said that these increased interest rates have come into effect from April 08, 2024 i.e. from yesterday. The Reserve Bank of India’s Monetary Policy Committee has decided to maintain the benchmark interest rates at 6.5 percent.

Currently, the bank offers interest rates ranging from 3 percent to 7.85 percent for general customers and 3.75 percent to 8.35 percent for senior citizens on fixed deposits with a tenure of 7 days to 10 years. The bank offers a maximum interest rate of 7.85 percent to general customers and 8.35 percent maximum interest rate to senior citizens on fixed deposits with a tenure of one year.
If we take a look at the interest rates offered by Bandhan Bank on fixed deposits,

• Bank now offers interest rate of 3.00 percent on fixed deposits with tenor of 7 days to 30 days.
• Bank now offers interest rate of 3.50 percent on fixed deposits with tenure of 31 days to 2 months.
• The bank now offers an interest rate of 4.50 percent on fixed deposits with a tenure of less than 2 months to 1 year.
• Bank now offers interest rate of 7.85 percent on fixed deposits with tenure of 1 year.
• Bank now offers interest rate of 7.25 percent on fixed deposits with tenure of 1 year 1 day to five years.
• The bank now offers an interest rate of 5.85 percent on fixed deposits with tenors of 5 to 10 years.

The above mentioned interest rates are Rs. It should be noted that it is applicable only for fixed deposits of value below 2 crores. Senior citizens will get 70 basis points higher interest rate and 50 basis points higher interest rate on fixed deposits with tenors of 5 to 10 years, compared to regular customers.

Read also: SBI’s amazing 400 day scheme… 7.6% interest is available, benefit will…