Bandhan Bank Hikes Interest Rates on Fixed Deposits

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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