Bandhan Bank Pays 8% Interest To Senior Citizens On 1-Year FD. Compare Other Rates Here
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:Â 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.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
