FD Interest Rates: Get More Profit Than Before, This Bank Has Increased Its FD Interest Rates 2023

FD Interest Rates Bandhan Bank: Now Get More Profit Than Before, This Bank Has Increased Its FD Interest Rates in 2023. Bandhan Bank provides attractive FD rates for customers looking to invest their savings and earn interest.

As with any investment decision, it is important to carefully consider the terms and conditions, tenure, and interest rates offered before investing in Bandhan Bank’s Fixed Deposit schemes.

Bandhan Bank Details

Bandhan Bank is one of the leading private sector banks in India, offering a wide range of financial services and products to its customers. Among its offerings, Fixed Deposit (FD) accounts are a popular choice for individuals looking to grow their savings with guaranteed returns. Bandhan Bank provides competitive FD rates, allowing customers to earn interest on their investments. Let’s explore the FD rates offered by Bandhan Bank.

Official Website: Bandhan Bank

Bandhan Bank FD Rates 2023

Bandhan Bank is offering a high-interest rate of up to 7.5% on the deposit amount for a tenure of 600 days with the recent increase in Fixed Deposit rates. Senior citizens can avail of an additional benefit of 0.50% or 50 basis points, taking their returns on the 600-day FD to as high as 8%.

The bank provides a higher interest rate of 0.75% or 75 basis points for senior citizens on FDs with a tenure of less than 1 year.

FD Interest Rates

Bandhan Latest Bank FD Interest Rate

Bandhan Bank is offering an interest rate of 8% on Fixed Deposits (FD) for regular customers, while senior citizens can avail of a benefit of 8.5% from the bank. After a recent increase in their interest rates, the bank is now providing a benefit of 8.5% interest on a 600-day deposit for senior citizens, and regular customers can avail of 8% interest.

Additionally, a 7% interest rate is now available on a 1-year Fixed Deposit. This means customers are now receiving an additional 0.5% interest. These new rates are effective from today.

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Important Tips About FD Interest Rate

  • The FD rates mentioned above are indicative and subject to change at the discretion of the bank. It is essential to check with the bank for the latest rates before making any investment decisions.
  • Bandhan Bank offers different types of FDs, such as regular fixed deposits, tax-saving fixed deposits, and flexi fixed deposits, each with its own features and benefits. It is advisable to understand the terms and conditions of each type before investing.
  • The interest earned on FDs is typically subject to taxation as per applicable income tax laws. Customers are advised to consult with a tax advisor or refer to the Income Tax department guidelines to understand the tax implications.

Also Read: PPF Account: How to open public provident fund account Online in SBI

Bandhan Bank Fixed Deposit Interest Rate

In this private sector bank, the current Fixed Deposit (FD) interest rates are as follows:

1. For a tenure of 7 to 14 days, the interest rate is 5%.
2. For a tenure of 29 to 45 days, the interest rate is 5.80%.
3. For a tenure of 91 to 180 days, the interest rate for regular customers is 6.25%.
4. For a tenure of 365 days, customers can avail an interest rate of 7% on their FD accounts.
5. For deposits with a tenure of up to 601 days or less than 2 years, the bank offers an interest rate of 7.25%.
6. For a tenure of 2 to 3 years, the interest rate remains at 7.25%.
7. For FDs with a tenure of 5 to 10 years, customers can benefit from an interest rate of 5.85%.