Bandhan FD Rates Rise: Are You Getting 7.95%?
Bandhan Bank has raised fixed deposit interest rates by up to 20 basis points. Senior citizens can now earn up to 7.95% per year on 2-to-3-year FDs — one of the better rates available right now among private banks.
At 7.95%, a ₹5 lakh FD earns ~₹3,300/month — that's more than most savings accounts pay in a full year.
Your senior family member can now earn this on a 2–3 year fixed deposit
Key Takeaways
Compare: Check Bandhan Bank's revised FD rates on their website against IDFC First, RBL, and Post Office Time Deposits before locking in.
Calculate: Use a compound interest FD calculator — a ₹10 lakh deposit at 7.95% for 3 years grows to roughly ₹12.66 lakh at maturity.
Act fast: FD rates are trending downward as RBI cuts repo rate — lock in longer tenures (2–3 years) now before banks trim rates further.
Bandhan Bank has raised fixed deposit interest rates by up to 20 basis points. Senior citizens can now earn up to 7.95% per year on 2-to-3-year FDs — one of the better rates available right now among private banks.
Here's what happened: Bandhan Bank revised its FD rates upward by up to 20 basis points across select tenures, effective recently.. Senior citizens earn an additional 0.50% over regular rates, taking the peak rate to 7.95% on 2–3 year deposits.. Regular (non-senior) depositors earn up to around 7.45% on the same tenure — still competitive versus many large private banks..
What you should do: Compare: Check Bandhan Bank's revised FD rates on their website against IDFC First, RBL, and Post Office Time Deposits before locking in.. Calculate: Use a compound interest FD calculator — a ₹10 lakh deposit at 7.95% for 3 years grows to roughly ₹12.66 lakh at maturity.. Act fast: FD rates are trending downward as RBI cuts repo rate — lock in longer tenures (2–3 years) now before banks trim rates further..
Senior citizens can split a large FD into multiple smaller ones across tenures — this laddering strategy keeps some money liquid every year without sacrificing the high long-term rate.
Draft a Free RBI Complaint
Loan Kavach walks you through the RBI CMS process. No lawyer, no fee. Escalate to the RB-IOS Ombudsman if unresolved in 30 days.
Get Loan Kavach — Free →References
- [1]“Senior citizens can now earn up to 7.95% on FDs as Bandhan Bank revises deposit rates | Check tenure and other details” mint - money · 24 Jun 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.