Kolkata: Private sector lender Bandhan Bank has announced an increase in its Fixed Deposit (FD) interest rates, making its savings products more attractive for customers seeking higher returns. The bank has raised the interest rate by 20 basis points for deposits with a tenure of 2 years to less than 3 years.
Under the revised rates, senior citizen customers can now earn up to 7.95% interest, while other customers will receive 7.45% on the same tenure.
Bandhan Bank is also offering an attractive 7.75% interest rate for senior citizens on fixed deposits with a tenure of less than 5 years. For other customers, the interest rate stands at 7.25%, positioning the bank among the most competitive FD providers in the banking sector.
In addition to fixed deposits, the bank continues to offer 6.5% interest on savings account balances ranging from ₹5 lakh to ₹10 lakh, providing customers with enhanced opportunities to grow their savings.
To ensure convenience and accessibility, customers can book or invest in fixed deposits digitally through Bandhan Bank’s Retail Internet Banking platform and the mBandhan Mobile Application. The seamless online process allows customers to open FDs within minutes from the comfort of their homes or offices.
The latest revision reflects Bandhan Bank’s continued focus on delivering attractive investment options and value-driven banking solutions to its customers.
