Bandhan Bank has announced a significant increase in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure, positioning itself among the top in the banking industry. The highest rate of 8.55% is exclusively available for senior citizens, while other customers can avail an interest rate of 8.05% for the same tenure.
The bank is also offering a competitive rate of 7.75% for senior citizens on long-term deposits under five years, with others earning 7.25%. In addition, customers with savings account balances exceeding Rs.10 lakh will receive an interest rate of 7%.
Bandhan Bank has made it easier for customers to invest in fixed deposits through its retail internet banking platform and the mBandhan mobile application, allowing for hassle-free FD bookings from home or the office.
