This private bank is giving 7.70% interest on FD, bumper return on 1 year maturity

Bandhan Bank is giving 7.7 percent interest if the FD is run for a year without premature withdrawal facility. The new interest rate of Bulk FD is applicable on deposits of 2 crores to 50 crores.

Bandhan Bank hikes Bulk FD rate

Kolkata’s Private Bank, Bandhan Bank to Bulk Customers fixed deposit But is giving interest up to 7.70 percent. But there is a condition that the account will not be closed prematurely. If the account is closed prematurely, then that much interest will not be available. Bandhan Bank has changed the FD rates and the new rates have been implemented from Wednesday. Bandhan Bank with Premature Withdrawal Facility after rate revision FD But is giving interest from 3.25% to 7.25%. If the facility of premature withdrawal is not taken on bulk FD, then the interest rate is getting up to 7.7 percent.

So much interest on FD for a year

Bandhan Bank is giving 7.7 percent interest if the FD is run for a year without premature withdrawal facility. The new interest rate of Bulk FD is applicable on deposits of 2 crores to 50 crores. The highest interest is being given up to 7.25% with the premature facility. This rate is being given on FDs with maturity from 365 days to 15 months, while interest of 6 percent is being given on FDs of 91 days to 364 days. The same rate is also available on FDs ranging from 15 months to 5 years.

The depositor can earn interest up to 5.05% on FDs with tenures ranging from 46 days to 90 days and up to 5% on FDs with maximum tenors ranging from 5 years to 10 years. In short tenures ranging from 7 days to 45 days, the interest rate on these FDs ranges from 3.25% to 3.75%. Rates on FDs are the same from Rs 2 crore to Rs 50 crore and above.

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FD without premature withdrawal

If you open an FD account without premature withdrawal facility, then you are getting more interest on it. Bandhan Bank offers a rate of 7.70% on FDs ranging from Rs 2 crore to Rs 50 crore and above with tenures ranging from 365 days to less than 15 months. The rate is 6.75% on FDs with tenures ranging from 91 days to 364 days and 15 months to less than 5 years. A rate of 6.75% is offered on FDs of 91 days to 180 days, while the rate on FDs of 46 days to 90 days is 6.30%. The interest rate on FDs with a maximum tenure of 5 years to 10 years is 5.50%. On the same 7 to 45 days bulk FD, interest from 3.25 percent to 3.75 percent is being given.