Private lender Bandhan Bank has announced a new bucket of 1 year 9 months at an attractive interest rate of 8.50%.

For a fixed deposit of 1 year 9-month, the bank offers 8.5% interest rates for senior citizens.

On the same FD tenure, other customers will earn 8%. Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings account.

The Bank is also offering an attractive and competitive interest rate of 7.75% to senior citizens on longer-term fixed deposits for a tenure above 1 Year 9 Months to less than 5 years. Others will earn 7.25% for the same term deposits.

Regarding introducing a new offering, Rajinder Babbar, ED & CBO, Bandhan Bank, said “In response to evolving market conditions and our commitment to our customers, Bandhan Bank is excited to introduce our new fixed deposit bucket. This innovative approach embodies our ‘liability-first’ strategy, designed to offer enhanced returns. By aligning our deposit offerings with a deeper understanding of our financial responsibilities and customer needs, we aim to provide both competitive rates and exceptional service. Our goal is to ensure that our deposit products not only meet but exceed the expectations of our valued clients, reinforcing our position as a leader in financial reliability and customer-centric solutions.”