2024-09-20 06:18:23
New Delhi: There is good news for those who invest in Fixed Deposit (FD). Bandhan Bank has changed the interest rates on FD. This bank has increased the maximum interest on FD to 8.05 percent. This is on one year deposit. That is, if a normal investor makes a one year FD, he will get 8.05 percent interest. Whereas for senior citizens, this interest rate is 8.55 percent. Apart from this, the bank has also revised the interest rates on other FDs. Along with this, new schemes have also been started. Let us tell you that this bank gives different interest on FDs ranging from 7 days to 10 years. Senior citizens get more interest than normal investors.Union Bank is giving tremendous returns on 333 days FD, know 5 big things related to this scheme
Took back this FD
The bank has withdrawn a scheme with an 8 percent interest rate. Also, the bank has decided to give 8 percent interest on FDs with maturity from one year one day to one year nine months. Earlier, interest was given at the rate of 7.25 percent on deposits of one year to one year nine months.
New tax saving scheme launched
The bank has also launched new schemes. This includes a 5-year tax saving FD scheme. In this, investors will get interest at the rate of 7 percent. On the other hand, interest is given at the rate of 5.85 percent on normal deposits of more than five years. Senior citizens will get 7.5 percent interest for the tax saving scheme.
The bank is giving this much interest on different FDs
7 to 30 days: 3 percent
31 days to two months: 3.50 percent
2 months to a year: 4.50 percent
One year: 8.05 percent
One year one day to one year 9 months: 8 percent
One year 9 months to 5 years: 7.25 percent
5 Years to 10 Years: 5.85 percent
Note: This interest rate is for general investors. The interest rate for senior citizens will be slightly higher.
What is the status of the share?
The share price of Bandhan Bank is currently around Rs 205. On Monday, it fell by about one percent (Rs 2.06). In the last 6 months, the stock has given investors a return of about 13 percent. On the other hand, if we talk about one-year returns, investors have suffered a loss. This loss was about 17 percent. This stock has also caused losses to investors in the long term. In 5 years, this loss was about 59 percent. That is, more than half of the investors’ money has been lost in 5 years.