Bandhan Bank Hikes Interest Rates on Fixed Deposits

Last Updated: February 06, 2023, 18:04 IST

Bandhan Bank’s revised FD rates are applicable for retail deposits of up to Rs 2 crore, and are effective from February 6.

This is Bandhan Bank’s second rate hike on fixed deposits in the last three months, following the hardening of rates by the RBI

Bandhan Bank on Monday said it has hiked interest rates on fixed deposits by 25-50 basis points based on the maturity period. The revised FD rates are applicable for retail deposits of up to Rs 2 crore, and are effective from February 6, the Kolkata-based lender said in a release.

This is the bank’s second rate hike on fixed deposits in the last three months, following the hardening of rates by the RBI, it said.

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