Get up to 8.5% FD interest rate, 8% on savings accounts: Latest Bandhan Bank interest rates on deposits The revised FD rates are effective from August 7, 2024
Bandhan Bank has revised its fixed deposit interest rates for retail deposits of up to Rs 3 crore, according to the bank website. The revised FD rates are effective from August 7, 2024.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Earn up to 7.9% FD rate: 5 banks revise fixed deposit interest rates in August 2024
Bandhan bank FD interest rates
The bank offers an interest rates between 3% to 8% for general citizens for tenures between 7 days to 10 years. For senior citizens, the bank offers 3.75% to 8.50%. The bank offers the highest interest rate of 8% and 8.50% on tenure of 1 year 9 months.Maturity Bucket
Interest Rates for Non-Senior CitizensInterest Rates for Senior Citizens7 days to 14 days3.00%3.75%15 days to 30 days3.00%3.75%31 days to less than 2 months3.50%4.25%2 months to less than 3 months4.50%5.25%3 months to less than 6 months4.50%5.25%6 months to less than 1 year4.50%5.25%1 year to less than 1 year 9 months7.25%7.75%1 year 9 months8.00%8.50%1 year 9 months 1 day to less than 2 years7.25%7.75%2 years to less than 3 years7.25%7.75%3 years to less than 5 years7.25%7.75%5 years to up to 10 years5.85%6.60%
Premature withdrawal
According to the Bandhan Bank website, “For pre-mature withdrawal; the Penal interest rate of 1% shall be applicable on the card rate. The card rate for premature closure will be lower of the rate for the original /contracted tenure for which the deposit has been booked or the rate applicable for the tenure for which the deposit has been in force with the Bank.”
Bank of Baroda revises FD interest rates; earn up to 7.9% fixed deposit rates
Savings account
Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings
account. The bank offers 8% on balance above Rs 50 crore to Rs 100 crore.
Bank of Baroda has also revised fixed deposit interest rates for amounts below Rs 3 crore. The new rates are effective from August 13, 2024, as per the Bank of Baroda website. The bank offers FD interest rates between 4.25% and 7.25% for general citizens on tenures between 7 days to 10 years for amounts below Rs 3 crore for callable deposits. For senior citizens, the bank offers an interest rates between 4.75% to 7.75%.
Several banks revised their fixed deposit interest rates in August. Federal Bank, Punjab National Bank (PNB), Karnataka Bank, and Union Bank of India changed their FD rates on August 1 and 2, 2024.
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This story originally appeared on: India Times - Author:Faqs of Insurances
