Bandhan Bank, one of the leading universal banks, has increased its FD interest rates by 50 bps. The revised FD rates are applicable for retail deposits of up to Rs 2 crores and are effective from February 6, 2023. The offer is for a limited period. With this upward revision, the bank is offering one of the highest interest rates on fixed deposits in the Banking industry.
The Bank offers 8.5% interest p.a. for senior citizens and 8% for others, and have special offer for tenure of 600 days. The interest rate for 7 days to 14 days is 3.00% and for senior citizen is 3.75%. Second rate hike is on Fixed Deposits in 3 months. Customers of Bandhan Bank can also enjoy the benefits of booking or investing in FD from the comfort of their homes or offices through retail internet banking or mBandhan mobile app. With this online process, customers can book the FDs within a few minutes in a hassle-free manner.