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Bandhan Bank has fixed interest rates

Bandhan Bank has fixed the interest rates for savings and term deposits that would be offered to account holders after it starts banking operations, said a top official.

The chairman C S Ghosh said, “Bandhan Bank has already fixed the interest rates on savings and term deposits.”

The savings interest rates have been fixed at 4.25 percent below Rs 1 lakh and five percent above Rs 1 lakh.

Whereas, for term deposits, the maximum interest rate has been fixed at 8.5 percent for one to three years and senior citizens would get an additional 0.25 percent.

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