Bandhan Bank
Bandhan Bank hikes FD rates, offers up to 7.95% interest for senior citizens
Private sector lender Bandhan Bank on Wednesday announced an increase in its fixed deposit (FD) interest rates, offering up to 7.95% for deposits with a tenure of 2 to less than 3 years, following a hike of 20 basis points.
The bank said senior citizen customers will receive the highest rate of 7.95%, while other customers will earn 7.45% for the same tenure.
For longer-term deposits of less than 5 years, Bandhan Bank is offering an interest rate of 7.75% to senior citizens, while regular customers will earn 7.25%, which the bank claims is among the most competitive FD rates in the industry.
In addition, the bank is offering 6.5% interest on savings account balances between ₹5 lakh and ₹10 lakh.
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