Bandhan Bank has revised the interest rates on its savings accounts. According to the Bandhan Bank official website, the new interest rates are effective from September 5, 2023.
Latest savings bank interest rate
The bank will now offer a 3 percent interest rate on savings accounts with a daily balance of up to Rs 1 lakh. The interest rate on savings accounts with daily balances of more than Rs 1 lakh and up to Rs 10 lakh is 6 percent. The bank gives 7 percent on daily balances between Rs 10 lakh and Rs 10 crore. For daily balance above Rs 2 crore to Rs 10 crore, the bank will offer 6.25 percent and 6.50 percent on daily balance above Rs 10 crore to Rs 50 crore.
| Domestic and Non-Resident Rupee Savings Bank Account | |
| a. Daily Balance up to Rs 1 lakh | 3.00% |
| b. Daily Balance above Rs 1 lakh to Rs 10 lakh | 6.00% |
| c. Daily Balance above Rs 10 lakh to Rs 2 crore | 7.00% |
| d. Daily Balance above Rs 2 crore to Rs 10 crore | 6.25% |
| e. Daily Balance above Rs 10 crore to Rs 50 crore | 6.50% |
Points to note:
Interest will be calculated daily based on the end of day clear balance in the account.
According to the bank website, “Interest of 3.00% per annum will be applied for amount up to Rs 1 lakh, 6% p.a will be applied on the incremental balance over and above Rs 1 lakh up to Rs 10 lakh, 7.00% p.a will be applied on the incremental balance over and above Rs 10 lakh up to Rs 10 crore and 6.50% p.a will be applied on the incremental balance over and above Rs 10 crore up to Rs 50 crore.”
For rates on amounts above Rs 50 crore, please contact the Branch Manager.
Interest is paid at every calendar quarter on June 30, September 30, December 31 and March 31.Bandhan Bank FD interest rates
Bandhan Bank offers interest rates from 3% to 7.85% with durations ranging from seven days to ten years for sums under Rs 2 crore.
| Maturity Bucket | Interest Rates for Non-Senior Citizens | Interest Rates for Senior Citizens |
| 7 days to 14 days | 3.00% | 3.75% |
| 15 days to 30 days | 3.00% | 3.75% |
| 31 days to less than 2 months | 3.50% | 4.25% |
| 2 months to less than 3 months | 4.50% | 5.25% |
| 3 months to less than 6 months | 4.50% | 5.25% |
| 6 months to less than 1 year | 4.50% | 5.25% |
| 1 year to 499 days | 7.25% | 7.75% |
| 500 days (1 year, 4 months, 12 days) | 7.85% | 8.35% |
| 501 days to less than 2 years | 7.25% | 7.75% |
| 2 years to less than 3 years | 7.25% | 7.75% |
| 3 years to less than 5 years | 7.25% | 7.75% |
| 5 years to up to 10 years | 5.85% | 6.60% |
