For the same tenure, non-senior citizen customers will earn 7.45%. The bank said the revised rates are aimed at providing attractive returns to depositors across customer segments.
The lender is also offering 7.75% interest to senior citizens on fixed deposits with a tenure of three years to less than five years. Other customers will receive 7.25% for the same period, which the bank described as one of the most competitive FD rates in the banking industry.
Apart from fixed deposits, Bandhan Bank offers an interest rate of 6.5% on savings account balances above ₹5 lakh and up to ₹10 lakh.
Under the revised FD structure, senior citizens can earn 7.50% on deposits ranging from one year to less than two years, while non-senior citizens will receive 7.00% for the same tenure. For long-term deposits of five years to 10 years, the bank offers 6.60% for senior citizens and 5.85% for others.
The bank said customers can open or invest in fixed deposits through its retail internet banking platform or the mBandhan mobile application. The digital process allows customers to book FDs within minutes without visiting a branch.
As of March 31. the bank had a deposit base of ₹1.66 lakh crore and advances exceeding ₹1.54 lakh crore.
Also read: Bandhan Bank targets 15% loan growth, margins to hold steady
Bandhan Bank shares were trading 1.29% higher at ₹209.80 on the NSE.
