Bandhan Bank has offered higher interest rates on Fixed Deposit for a specific period. These rates are applicable from today 7 November 2022 on deposits up to Rs 2 crore.
New Delhi. Bandhan Bank has offered higher interest rates on Fixed Deposit for a specific period. These rates are applicable from today 7 November 2022 on deposits up to Rs 2 crore. This will be applicable to fresh deposits as well as renewal of maturing deposits. With this increase, customers will get a higher interest rate of up to 7.5% on deposits for a tenure of 600 days. On the other hand, senior citizens will get a benefit of 0.50% or 50 bps more on this FD.
The bank offers 0.75% or 75 bps higher interest rate for FDs of less than 1 year tenure to senior citizens. Existing customers of Bandhan Bank can also avail of FD booking or investment from their homes or offices through retail internet banking or mBandhan mobile app. With this online process, customers can book FD instantly without any hassle.
Know how much interest
the bank is getting on FDs of 2 to 10 crores, the interest rate ranges from 3.00% to 5.60%. If you do FD in Bandhan Bank for 7 to 14 days, then you will get 3.00% interest rate.
Whereas 3.00% on FDs of 15 to 30 days, 3.50% on FDs of 31 days to 2 months, 4.50% on FDs of 2 months to 3 months, 4.50% on FDs of 3 months to 6 months, FDs of 6 months to 1 year But 4.50%, 7% is available on FD from 1 year to 599 days. At the same time, the highest interest is getting 7.50% on FD of 600 days.
Net profit in September quarter
Private sector lender Bandhan Bank last month reported a net profit of ₹209.30 crore for the quarter ended September 2022, due to a decline in bed loans. The Kolkata-headquartered bank had posted a net loss of ₹3,008.60 crore in the same quarter a year ago on account of higher provisioning.