Bandhan Bank FD Rate: Bandhan Bank pays interest rates to the tune of 3.5-8.15 per cent to customers on fixed deposits up to Rs 2 crore. These fixed deposits - also known as retail term deposits - are available in 11 maturity options ranging from seven days to 10 years at the private sector lender. Bandhan Bank pays slightly higher returns to senior citizen retail depositors compared to other customers. For example, on a fixed deposit up to Rs 2 crore of one year, Bandhan Bank pays interest at the rate of 8 per cent to senior citizen customers and 7.25 per cent to other customers, according to its website - bandhanbank.com. (Also Read: Compare Bank FD Rates Paid By Peers Here)
Bandhan Bank pays the following interest rates on retail fixed deposits:
Bandhan Bank Fixed Deposit Rates
| Maturity Period | Interest Rate (With Effect From September 16) | |
|---|---|---|
| Public | Senior Citizen | |
| Seven to 14 days | 3.5% | 4.25% |
| 15 to 30 days | 4% | 4.75% |
| 31 days to less than two months | 4% | 4.75% |
| Two months to less than three months | 4% | 4.75% |
| Three months to less than six months | 4.5% | 5.25% |
| Six months to less than one year | 6.8% | 7.55% |
| One year to 18 months | 7.25% | 8% |
| Above 18 months to less than two years | 7.25% | 8% |
| Two years to less than three years | 7.4% | 8.15% |
| Three years to less than five years | 7.35% | 8.1% |
| Five years to up to 10 years | 7.25% | 8% |
| (Source: bandhanbank.com) | ||
(Bandhan Bank FD Interest Rates: On fixed deposits of two years, Bandhan Bank gives a 8.15 per cent return to senior citizens and 7.4 per cent to other customers, according to its website)
Investment in fixed deposits with a maturity period of five years offers income tax benefit up to Rs 1.5 lakh per financial year under Section 80C of the Income Tax Act. Interest income, however, is subject to income tax.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
