Bandhan bank FD interest rate
On deposits held for 600 days (1 year, 7 months, 22 days), the bank is offering a maximum interest rate of 7.50% for the general public and 8% for senior citizens.
Bandhan Bank is offering a 3.00% interest rate on deposits maturing in 7 to 30 days, and a 3.50% interest rate on deposits maturing in 31 days to less than 2 months. Bandhan Bank will offer an interest rate of 4.50% on deposits held for 2 months to less than 1 year, while the bank will now offer an interest rate of 7.25% on deposits held for 1 year to 599 days.
The bank has hiked 50 bps on deposits maturing in 600 days, after the hike it will now receive a 8% interest rate, while those maturing in 601 days to less than 5 years would receive a 7.25% interest rate. The bank will guarantee an interest rate of 5.85% on FDs maturing in 5 to 10 years. Note that these rates for regular citizens.
| Maturity Bucket |
Interest Rates | Interest Rates for Senior Citizens |
| 7 days to 14 days | 3.00% | 3.75% |
| 15 days to 30 days | 3.00% | 3.75% |
| 31 days to less than 2 months | 3.50% | 4.25% |
| 2 months to less than 3 months | 4.50% | 5.25% |
| 3 months to less than 6 months | 4.50% | 5.25% |
| 6 months to less than 1 year | 4.50% | 5.25% |
| 1 year to 599 days | 7.25% | 7.75% |
| 600 days (1 year, 7 months, 22 days) | 8.00% | 8.50% |
| 601 days to less than 2 years | 7.25% | 7.75% |
| 2 years to less than 3 years | 7.25% | 7.75% |
| 3 years to less than 5 years | 7.25% | 7.75% |
| 5 years to up to 10 years | 5.85% | 6.60% |
Source: Bank website
For pre-mature withdrawal
According to the Bandhan bank, “the Penal Interest Rate of 1% shall be applicable on the card rate. The card rate for premature closure will be lower of the rate for the original/contracted tenure for which the deposit has been booked or the rate applicable for the tenure for which the deposit has been in force with the bank.”
Note that minimum tenure for domestic & NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
Minimum tenure for NRE term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.