Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • PM Modi in Manipur
  • Charlie Kirk killer
  • Sushila Karki
  • IND vs PAK
  • India-US ties
  • New human organ
  • Downton Abbey: The Grand Finale Movie Review
fp-logo
Bandhan Bank increases interest rates to 8% on fixed deposits; details here
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Bandhan Bank increases interest rates to 8% on fixed deposits; details here

Bandhan Bank increases interest rates to 8% on fixed deposits; details here

FP Trending • November 8, 2022, 11:06:23 IST
Whatsapp Facebook Twitter

Senior Citizens can benefit from an additional 0.50 per cent, or 50 basis points, raising their returns to as much as 8 per cent for a 600-day FD

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Bandhan Bank increases interest rates to 8% on fixed deposits; details here

Following the announcement of increase in fixed deposit interest rates by a number of public and private sector lenders, Bandhan Bank has also upped its FD rates. The new interest rates came into effect on 7 November, as part of a limited-time offer. The Kolkata-headquartered bank has been offering one of the most attractive rates among lenders, with rates as high as 8 per cent. Both new deposits and renewals of maturing deposits will be impacted by the rise in the fixed deposit interest rate. Customers will now receive interest rates of up to 7.5 per cent on deposits within a 600-day period due to this rate hike. Senior citizens can benefit from an additional 0.50 per cent, or 50 basis points, raising their returns to as much as 8 per cent for a 600-day FD. For term deposits with maturities of less than a year, the Bank gives senior citizens 0.75 per cent or 75 bps higher interest rates. It must be remembered that NRIs are not eligible for the senior citizen rates, which are solely available to Indian citizens. Senior citizen rates can be availed only with proof of age. On fixed deposits for a duration of 7 days to 30 days, Bandhan Bank is offering an interest rate of 3 per cent for the general public and 3.75 per cent for senior citizens. The return on deposits with a term of 31 days to less than two months will be 3.5 per cent for the general public and 4.25 per cent for senior citizens. For a fixed deposit with a term of two months to less than a year, the Bank is offering a return of 4.5 per cent for non-senior citizens and 5.25 per cent for elderly people. For fixed deposits with terms of one year to 599 days, the general public will earn an interest of 7 per cent, and senior citizens will earn an interest of 7.5 per cent. For fixed deposits with a term of 601 days to less than five years, the general public will get a return of 7 per cent, and senior citizens will earn a return of 7.5 per cent. For deposits with a term of between 5 and 10 years, Bandhan Bank is providing a return of 5.6 per cent. For a term of 5 to 10 years, senior citizens can get a return of 6.35 per cent on an FD. According to income tax laws, the tax will be withheld at source from interest earned on the fixed deposit. TDS will be deducted more heavily if an income tax pan number is not submitted. One must pay a penal interest rate of 1 per cent, which is applied to the rate card if one desires to make a premature withdrawal. The rate of the initial tenure for which the deposit was recorded will be lower than the rate on the premature closure rate card. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Tags
Interest rate bank Fixed Deposit Bandhan Bank
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV