Bandhan Bank News

Bandhan Bank is also offering an attractive interest rate of 7.75% to the senior citizens on longer term fixed deposits for the tenure of less than 5 years. 

The Bank said that it is also offering an attractive and competitive interest rate of 7.75% to senior citizens on longer-term fixed deposits for a tenure above 1 Year 9 Months to less than 5 years. Others will earn 7.25% for the same term deposits.

Customers can make payments through any of the banking apps or UPI apps, without carrying or swiping their debit or credit cards. 

Bandhan Bank customers can now pay their Direct Taxes  through the Bank’s Retail Internet Banking, Corporate Internet Banking and Payment Gateway.

Senior employees of Bandhan Bank and Canara Bank are seen hurling abuses on the subordinates for not meeting their targets. Watch viral video.

The stock declined 6.31 per cent to settle at Rs 184.95 apiece on the BSE. During the day, it dropped 9 per cent to Rs 179.55.

Check the reasons why RBI has imposed monetary penalty on Bank of India and Bandhan Bank.

HDFC Bank said that the RBI’s approval is valid for a period of one year from the date of RBI’s letter, i.e., till February 4, 2025. 

INSPIRE offers the already existing benefits like preferential interest rates, priority banking services and doorstep banking facilities for the senior citizen customers of Bandhan Bank.

Bandhan Bank said that it will soon be integrating with the Ministry of Railways to operationalise the pension disbursement process.

The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.

Bandhan Bank has hiked their FD rates with effect from November 7 for deposits up to Rs 2 crore. The hike in interest rate for the fixed deposits will be applicable to fresh deposits as well as renewals of maturing deposits. With this hike, the Bandhan Bank is offering an interest rate of as high as 8% on deposits for a tenure of 600 days.

 Fixed deposits are the most popular option for investors with a zero risk tolerance profile who want to invest to build wealth without relying on market returns.

Bandhan Bank, Kotak Mahindra Bank, Jana Small Finance Bank, Bank of Baroda, and ICICI Bank are among the lenders. Kotak Mahindra Bank said it has boosted fixed deposit interest rates by 30 basis points for 390 days and 35 basis points for 23 months, respectively. This comes after banks raised loan rates.

RBL Bank's interest rate on saving accounts ranges from 4.5% to 6.25%. Bandhan Bank is currently offering interest rates ranging from 3% to 6% to its customers. Yes Bank claims to be offering an annual interest rate of 4% to 5.5% annually.

RBL Bank offers a good interest rate of 4.50% per annum to 6.25% on daily balance. Bandhan Bank provides 3.0 per cent per annum to 6.0 per cent per annum interest rates. IndusInd Bank savings account interest rate comes in the range of 4 per cent to 5.50 per cent up to Rs 1 crore daily balance.

Bandhan Bank two new directors. Two new directors to its Board of Directors. Suhail Chander, Subrata Dutta Gupta new Bandhan Bank directors.

The revised rate will be applicable to new disbursements from Tuesday, the bank said in a statement.

The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the prevailing market price, HDFC said in a regulatory filing.