Bandhan Bank Raises Fixed Deposit Rates by Up to 20 Basis Points
ECONOMY & POLICY

Bandhan Bank Raises Fixed Deposit Rates by Up to 20 Basis Points

Bandhan Bank said it has raised its fixed deposit (FD) rates by 20 basis points (bps) on select tenors, increasing rates for the two- to three-year tenor to seven point nine five per cent for senior citizens and seven point four five per cent for others. The move reflects the lender's assessment of funding needs and market conditions.

For the three- to five-year bucket the bank raised rates to seven point seven five per cent for senior citizens and seven point two five per cent for other depositors, representing a broad upward adjustment in medium-term yields. The revision aims to attract longer-tenor retail deposits and strengthen the bank's liability profile.

The change comes as the six-member Monetary Policy Committee of the Reserve Bank of India (RBI) has held the repo rate at five point two five per cent for a third consecutive meeting, and banks are reassessing pricing amid slower deposit mobilisation. The change reflects wider market moves as institutions balance lending growth with deposit mobilisation.

Deposits have become a sharper focus as the credit-deposit growth gap widened to over 500 basis points, prompting lenders to compete more aggressively for retail savings. The pressure to mobilise funds has led multiple banks to refresh product offerings and lift term deposit yields.

State-owned Bank of Baroda last week launched a retail term deposit called the bob Golden Goal Deposit Scheme offering rates up to seven point four per cent per annum on tenures of 555 days for retail deposits below Rs 30 million (mn). The scheme sets separate callable and non-callable rates for the general public, resident senior citizens and resident super senior citizens aged eighty years and above.

Bandhan Bank said it has raised its fixed deposit (FD) rates by 20 basis points (bps) on select tenors, increasing rates for the two- to three-year tenor to seven point nine five per cent for senior citizens and seven point four five per cent for others. The move reflects the lender's assessment of funding needs and market conditions. For the three- to five-year bucket the bank raised rates to seven point seven five per cent for senior citizens and seven point two five per cent for other depositors, representing a broad upward adjustment in medium-term yields. The revision aims to attract longer-tenor retail deposits and strengthen the bank's liability profile. The change comes as the six-member Monetary Policy Committee of the Reserve Bank of India (RBI) has held the repo rate at five point two five per cent for a third consecutive meeting, and banks are reassessing pricing amid slower deposit mobilisation. The change reflects wider market moves as institutions balance lending growth with deposit mobilisation. Deposits have become a sharper focus as the credit-deposit growth gap widened to over 500 basis points, prompting lenders to compete more aggressively for retail savings. The pressure to mobilise funds has led multiple banks to refresh product offerings and lift term deposit yields. State-owned Bank of Baroda last week launched a retail term deposit called the bob Golden Goal Deposit Scheme offering rates up to seven point four per cent per annum on tenures of 555 days for retail deposits below Rs 30 million (mn). The scheme sets separate callable and non-callable rates for the general public, resident senior citizens and resident super senior citizens aged eighty years and above.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code