Indian Bank and Bandhan Bank hike FD rates (indicative picture)
Indian Bank and Bandhan Bank have announced an increase in the rates of fixed deposits. Bandhan Bank has also increased the rates of savings account. Both these banks have increased the rates on deposits of less than Rs 2 crore. The new rates of both the banks have come into effect from July 4.
Indian Bank and Bandhan Bank fixed deposit interest rates (FD Rates) has increased. Private sector bank Bandhan Bank has increased the rates of FD as well as savings account. Indian Bank ,Indian Bank) has announced to increase the rates of fixed deposits of less than 2 crores. The new rates of FD of Indian Bank have come into effect from July 4, 2022. Bandhan Bank has also increased the rates of FDs below 2 crores and the new rates have come into effect from July 4. Indian Bank has increased the rates of FDs maturing in one year to five years and three years. The FDs of this period have been increased by 15 to 25 basis points. Bandhan Bank (Bandhan Bank) The interest rates of FDs of 7 days to 10 years duration have reached from 3.50 to 6.50 percent.
First of all talk about Indian Bank. Indian Bank will continue to give 2.80 percent interest on FDs of 7 to 29 days. FDs maturing in 30 days to 45 days will get 3% interest. 3.25% on FDs of 46 to 90 days, 3.50 percent on FDs of 91 to 120 days, 3.75 percent on FDs of 121 days to 180 days, 4% on FDs of 181 days to less than 9 months, 9 months to one 4.40 percent on FDs of less than one year, 5.25% on FDs of one year, 5.40 percent on FDs of one year to less than two years, 5.50 percent on FDs of more than 2 years and less than 3 years, More than 3 years And on FD of less than 5 years, 5.60 percent, on FD of five years, 5.60 percent and on FD of more than 5 years, 5.60 percent will also be available.
new rates of bandhan bank
Bandhan Bank is giving 3% interest on FDs maturing in 7 to 14 days and 3% on FDs maturing in 15 days to 30 days. 3.50 percent on FDs of 31 days to less than 2 months, 4.50 percent on FDs of 2 months to less than 3 months, 4.50 percent on FDs of 3 months to less than 6 months, Less than 6 months to one year 4.50 per cent on FDs of one year to 18 months, 6.25% on FDs of one year to 18 months, 6.25% on FDs of more than 18 months and less than 2 years, 6.50 per cent on FDs of more than 2 years and less than 3 years, More than 3 years And 5.60 percent interest is being given on FDs of less than 5 years and 5.60 percent on FDs of 5 years to 10 years. The minimum tenure for domestic and NRO FDs is 7 days and no interest is paid on premature withdrawals within 7 days of deposit.
savings account interest rate
For Bandhan Bank customers, the daily interest will be calculated considering the day-end balance of the account. When you open a savings account in Bandhan Bank with a deposit between Rs 10 lakh to Rs 2 crore, you can get an interest rate of 6.25 per cent after the enhanced rates. The new interest rates for savings accounts are effective from July 4, 2022. Interest rates start at 3 per cent for amounts up to Rs 1 lakh, 5 per cent for balances up to Rs 1 lakh to Rs 10 lakh, 6.25 per cent for balances up to Rs 10 lakh to Rs 2 crore and more than Rs 2 crore For more balance amount, 6% interest is being given.