Bandhan Bank introduces new facility for senior citizens

Current Context: Private lender Bandhan Bank on19th December 2023, announced the introduction of a new facility aimed at the senior citizens of the country. The bank launched 'INSPIRE' program.

• High-interest fixed deposits: Earn up to 8.35% interest per annum on fixed deposits for a tenor of 500 days. This is higher than the regular fixed deposit rates offered by the bank.
• Preferential interest rates: Senior citizens already enjoy preferential interest rates on other types of deposits like savings accounts and recurring deposits.
• Tax-saver fixed deposits: Get 7.5% per annum interest on tax-saver fixed deposits, a valuable option for tax planning.
• Enhanced banking experience: Enjoy dedicated relationship managers, express customer service, and convenient banking hours at select branches.
• Doorstep banking facilities: Get banking services like cash withdrawals, cheque deposits, and account statements delivered to your doorstep.
• Healthcare benefits: Access discounts on health insurance premiums, medical checkups, and medicines through partnerships with healthcare providers.

Question:

Q.1 What is the maximum interest rate offered on fixed deposits under Bandhan Bank's INSPIRE program?
a. 6.5%
b. 7.5%
c. 8.35%
d. 9.00%