If you want up to 8% interest on FD, then get fixed deposit in Bandhan Bank, customers will get higher interest rate of up to 7.5% on deposits for a period of 600 days

New Delhi: FD is one of the safest modes of investment. Most of the people in the country do FD. If you are also thinking of getting FD then there is good news for you. Bandhan Bank, one of the leading universal banks in the country, has offered higher interest rates on fixed deposits. These rates are applicable from today i.e. November 7, 2022 on deposits up to Rs 2 crore. This will be applicable on fresh deposits as well as renewal of maturing deposits. With this increase, customers will get a higher interest rate of up to 7.5% on deposits for a tenure of 600 days. On the other hand, senior citizens will get a benefit of 0.50% or 50 bps more on this FD.

You can open FD like this
If you want to open FD in Bandhan Bank, then you do not need to run much for this. You can open FD in the bank from the comfort of your home. Existing customers of Bandhan Bank can also avail FD booking or investment from the comfort zone of their homes or offices through Retail Internet Banking or M Bandhan Mobile App. With this online process, customers can book FD instantly without any hassle.

will get so much interest
The bank is offering interest rates ranging from 3.00% to 5.60% on FDs of 2 to 10 crores. If you do an FD of 7 to 14 days in Bandhan Bank, then you will get 3.00% interest rate. Whereas 3.00% on FDs of 15 to 30 days, 3.50% on FDs of 31 days to 2 months, 4.50% on FDs of 2 months to 3 months, 4.50% on FDs of 3 months to 6 months, FDs of 6 months to 1 year But 4.50%, 7% is available on FD from 1 year to 599 days. At the same time, the highest interest is getting 7.50% on FD of 600 days.

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Banks have increased interest rate
Reserve Bank of India is taking continuous steps to control the rising inflation in the country. The bank has increased the repo rate a total of three times in the months of May, June and August. RBI’s repo rate increased from 4.00% to 5.40%, this has a direct impact on the interest rates of bank deposits. Along with this, the burden of EMI has also increased on the people because the interest rates of the loan have also increased. Recently, many banks like Punjab National Bank, Bank of Baroda, Axis Bank etc. had increased the interest rates of their fixed deposits.