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Bandhan Bank introduces new facility for senior citizens

Published on December 19, 2023
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.
Bandhan Bank introduces new facility for senior citizens
  • 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.


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%

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