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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.
