Mumbai: Bandhan Bank has announced an increase in its Fixed Deposit (FD) interest rates, enhancing returns for depositors across select tenures. The bank has raised interest rates by 20 basis points for deposits with a tenure of two years to less than three years, offering one of the most competitive FD rates in the banking sector.
Under the revised structure, senior citizen customers can now earn a maximum interest rate of 7.95% on fixed deposits with a maturity period ranging from two years to less than three years. Other customers will receive 7.45% for the same tenure.
The bank has also introduced attractive returns on longer-term deposits. Senior citizens can earn 7.75% interest on fixed deposits with a tenure of three years to less than five years, while non-senior citizens will receive 7.25% for the same period.
In addition to fixed deposits, Bandhan Bank continues to offer competitive savings account returns. Customers maintaining savings account balances between ₹5 lakh and ₹10 lakh are eligible to earn interest at the rate of 6.50% per annum.
Revised Fixed Deposit Interest Rates
| Maturity Period | Non-Senior Citizens | Senior Citizens |
|---|---|---|
| 7 days to 14 days | 2.95% | 3.70% |
| 15 days to 30 days | 2.95% | 3.70% |
| 31 days to less than 2 months | 3.45% | 4.20% |
| 2 months to less than 3 months | 4.20% | 4.95% |
| 3 months to less than 6 months | 4.20% | 4.95% |
| 6 months to less than 1 year | 4.20% | 4.95% |
| 1 year | 7.00% | 7.50% |
| 1 year 1 day to 1 year 9 months | 7.00% | 7.50% |
| 1 year 9 months 1 day to less than 2 years | 7.00% | 7.50% |
| 2 years to less than 3 years | 7.45% | 7.95% |
| 3 years to less than 5 years | 7.25% | 7.75% |
| 5 years to 10 years | 5.85% | 6.60% |
| Tax Saver Fixed Deposit | 6.25% | 7.25% |
The revised rates strengthen Bandhan Bank’s deposit offerings at a time when savers are increasingly seeking secure investment avenues with attractive returns. The bank’s highest FD rates are concentrated in the one-year to five-year segment, providing customers with a range of options based on their investment goals and liquidity requirements.
To enhance customer convenience, Bandhan Bank enables fixed deposit bookings through its retail internet banking platform and the mBandhan mobile application. Customers can open or invest in fixed deposits digitally from their homes or offices without visiting a branch, making the process quick and hassle-free.
The latest rate revision reflects the bank’s continued focus on offering competitive savings and investment products while encouraging customers to take advantage of digital banking channels for a seamless investment experience.
