Bank FD Rate: There is good news for those who invest in Fixed Deposit (FD). Bandhan Bank has changed the interest rates on FD. This bank has increased the maximum interest on FD to 8.05 percent. This is on one year deposit. That is, if a normal investor makes a one-year FD, he will get 8.05 percent interest.
Bank FD Rate: Whereas for senior citizens, this interest rate is 8.55 percent. Apart from this, the bank has also revised the interest rates on other FDs. Along with this, new schemes have also been started. Let us tell you that this bank gives different interest on FDs ranging from 7 days to 10 years. Senior citizens get more interest than normal investors.
This FD was withdrawn
The bank has withdrawn a scheme with an interest rate of 8 percent. Along with this, the bank has decided to give 8 percent interest on FDs with maturity from one year one day to one year nine months. Earlier, 7.25% interest was given on deposits of one year to one year nine months.
New tax saving scheme launched
The bank has also launched new schemes. This includes 5-year tax saving FD scheme. In this, investors will get interest at the rate of 7%. On the other hand, interest is given at the rate of 5.85% on normal deposits of more than five years. Senior citizens will get 7.5% interest for tax saving scheme.
The bank is giving this much interest on different FDs
- 7 to 30 days: 3%
- 31 days to two months: 3.50%
- 2 months to one year: 4.50%
- One year: 8.05%
- One year one day to one year 9 months: 8%
- One year 9 months to 5 years: 7.25%
- 5 years to 10 years: 5.85%
Note: This interest rate is for general investors. The interest rate will be slightly higher for senior citizens.
Related Articles-
Kawasaki Ninja 1100 could be unveiled on October 1, know full features here
BH Number Plate Series: What is BH Number Plate and how to apply for BH Number Series Plate
