Bank's latest initiative: 8.35% bumper interest on deposited funds; see the full plan

 Bank's latest initiative: 8.35% bumper interest on deposited funds; see the full plan

Bank's latest initiative: 8.35% bumper interest on deposited funds; see the full plan

The new bank scheme: On Tuesday, selling dominated Bandhan Bank's private sector shares. The share finished at 248.50 rupees. In comparison to the previous day, the stock saw a decrease of 1.93%.

Customers of the private sector Bandhan Bank have received a significant gift. This bank announced the opening of a new senior citizen center on Tuesday. The bank has launched a program called "Inspire," which offers fixed deposits with a 500-day term 8.35 percent interest yearly.

Bandhan Bank claims that "Inspire" would provide enhanced financial services in addition to health care advantages. The bank's "Senior Citizen Customers" will now be eligible for additional perks, such as priority financial services, lower interest rates, and doorstep banking. Bandhan Bank's Head of Branch Banking, Sujoy Roy, stated: "We understand the value and need of financial independence at every age. This well crafted benefit program is available to older adults via Bandhan Bank.

This obligation belongs to Bandhan Bank.

The Reserve Bank recently gave Bandhan Bank permission to pay pensions to former railroad workers. This data was provided by the bank. With the RBI's clearance, the bank will have access to around 50,000 retirees annually at the nation's eight manufacturing units and 17 regional offices of the Railways.

Drop in shares: On the second trading day of the week, Bandhan Bank's shares were dominated by sales. The share finished at 248.50 rupees. In comparison to the previous day, the stock saw a decrease of 1.93%. June was the month when the share reached Rs 272. This 52-week level is the highest.

Additionally, these banks changed: Let us inform you that Kotak, DCB Bank adjusted the interest rates on fixed-rate deposits (FDs) after the Reserve Bank of India's (RBI) decision to maintain the repo rate at 6.5 percent at its Monetary Policy Committee (MPC) meeting. The FD rates offered by Kotak Mahindra Bank for deposits under Rs 2 crore have been modified. Senior people may take advantage of DCB Bank's 8.60 percent interest rate on FDs with terms as short as 25 or 26 months. On December 13, 2023, it made changes to the rates.