look news india
Bank FD Rates: Private sector Bandhan Bank has made a big change in the interest rates of fixed deposits. Two new FD periods have been introduced. The bank is giving more interest to senior citizens than to ordinary citizens. The new rates have become effective. Let us tell you that banks keep changing the interest rates of FD from time to time.
Bandhan Bank has announced to give 8.05 percent interest to general citizens and 8.55 percent interest to senior citizens on FDs of 1 year duration. Now, customers are getting 8 percent interest to general citizens and 8.50 percent interest to senior citizens on FDs of 1 year 1 day to 1 year 9 months.
How much return are you getting right now? (Fixed Deposit Interest Rates)
With this, now the bank is giving interest ranging from 3% to 8.05% to common citizens on FDs from 7 days to 10 years. At the same time, the minimum interest rate for senior citizens is 3.75% and the maximum is 8.55%. For information, let us tell you that the bank is giving 0.75% extra interest to senior citizens as compared to common citizens on all periods of less than 1 year. At the same time, senior citizens are getting 0.50% extra interest as compared to common citizens on all periods of more than 1 year.
Keep these things in mind (Bandhan Bank FD Rules)
The new interest rates have been implemented for Indians, Hindu Undivided Families and NROs. In which customers can invest a minimum of Rs 1000 and a maximum of less than Rs 3 crore. Customers have to submit income tax PAN number to open FD. Senior citizens have to submit age certificate. Under the Indian Income Tax Act, a penalty rate of one percent more than the card rate is applicable for premature withdrawal. If the FD is withdrawn within seven days after investment, no interest is paid on it.
Check New Rates (FD Tenure & Rates)
- 7 to 14 days – 3%
- 15 to 30 days – 3%
- 31 days to less than 2 months – 3.5%
- 2 months to less than 3 months – 4.50%
- 3 months to less than 6 months – 4.50%
- 6 months to less than 1 year – 4.50%
- 1 Year – 8.05%
- 1 year 1 day to 1 year 9 months – 8%
- 1 year 9 months 1 day to less than 2 years – 7.25%
- 2 years to less than 3 years – 7.25%
- 3 years to less than 5 years – 7.25%
- 5 years to 10 years – 5.85%