Bandhan Bank’s Special FD Program with 8% Interest Rates for a Limited Period

Bandhan Bank, one of the leading universal banks, has launched a special limited-time offer of higher interest rates on term deposits. These rates are applicable for retail deposits up to 2 crore and are effective from today 7 November 2022. This will apply to new deposits as well as renewals of deposits coming due. With this new offer, Bandhan Bank offers one of the highest interest rates on fixed deposits in the banking sector

With this increase, customers will benefit from an interest rate of up to 7.5% on deposits for a term of 600 days. Seniors can benefit from 0.50% or 50 bps more, which will bring their returns to 8% for a 600-day FD. The Bank offers 0.75% or 75 basis points higher interest rates to senior citizens for DFs with tenure of less than 1 year.

Bandhan Bank Retail Domestic / Non-Resident Rupee Term Deposit Interest Rate wef 7 November 2022

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Bandhan Bank Special FD Scheme with Interest Rates of 8%

Existing Bandhan Bank customers can also enjoy the benefits of booking or investing in FD from the comfort zones of their home or office via online banking or mBandhan mobile app. Through this online process, customers can book the FDs instantly and hassle-free.

Private sector lender Bandhan Bank reported net profit of 209.30 crores in the quarter ended September 2022 due to a decline in bad debts.

The Kolkata-headquartered bank had recorded a net loss of 3,008.60 crores in the same quarter a year ago due to higher provisioning.

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