Bandhan Bank has raised its fixed deposit (FD) interest rates, now offering up to 8.55% on one-year deposits, as the bank seeks to attract more depositors amid a competitive financial landscape.

Details of new FD rates for senior citizens and general customers

Senior citizens will benefit most from the new rates, with Bandhan Bank offering them 8.55% on one-year FDs. For non-senior customers, the rate stands at 8.05%. The increase represents an 80 basis point rise from the previous rates, reflecting a significant boost in returns for depositors.

FD rates for longer-term deposits

For deposits with a term of less than five years, senior citizens will receive 7.75%, while other customers will earn 7.25%. Additionally, the bank is offering a 7% interest rate on savings account balances over ₹10 lakh.

FD rate breakdown

The revised FD rates by maturity bucket are as follows:

Online Banking Convenience

Bandhan Bank’s customers can take advantage of these enhanced FD rates through its online banking platform or the mBandhan mobile app.

This rate hike positions Bandhan Bank as a competitive player in the fixed deposit market, offering attractive returns to both senior citizens and other depositors.

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