Bandhan Bank Revised SA Rate of Interest: Many big banks of the country have recently increased the interest rates of their savings account. Now the name of a big private sector bank has also been added to the list. This bank is Bandhan Bank. Bandhan Bank has decided to increase the interest rates on its Savings Account (Saving Account Rates Hike). According to the information given on the official website of the bank, these new rates have come into effect from Friday, September 16, 2022.
After the decision of Bandhan Bank to increase the interest rates on the savings account, customers are getting a bumper return of maximum 6.50% on the savings account. If you also want to open your savings account in Bandhan Bank, then we are giving you information about the interest rate available on the account.
Interest accrued on Bandhan Bank’s savings account-
According to the information given on the official website of Bandhan Bank SA Rate Increased, if you have a balance of up to Rs 1 lakh in your savings account, then you will get an interest rate of 3.00%. At the same time, 6.00% interest rate is available on the savings account balance of 1 to 10 lakh rupees. At the same time, 6.25% interest rate is being offered by the bank on deposits of Rs 10 lakh to Rs 2 crore.
At the same time, 6.00% interest is offered on FDs from 10 crores to 50 crores and 6.50% interest rate bank is offered on FDs from 50 to 100 crores. Along with this, the bank has also told that the interest received on the savings account is credited to the account on the last day of every quarter. In such a situation, you will get the interest money in the account on 30 June, 30 September, 31 December and 31 March 2022.
RBI increased the repo rate this way
Reserve Bank of India is taking continuous steps to control the rising inflation in the country. The bank has increased the repo rate a total of three times in the months of May, June and August. RBI’s repo rate increased from 4.00% to 5.40%, this has a direct impact on the interest rates of bank deposits. Along with this, the burden of EMI has also increased on the people because the interest rates of the loan have also increased. Recently many banks like Punjab National Bank, Bank of Baroda, Axis Bank etc. have increased the interest rates of their fixed deposits.
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