Bandhan Bank crosses 800 branches

The 800th branch was opened at CIT Road in Kolkata, West Bengal.

Arun Kumar Chandra, Group Managing Director, PC Chandra Jewellers, inaugurated the branch.

The other 15 branches were opened across Punjab, Haryana, Bihar, Odisha, Jharkhand, Tamil Nadu and Gujarat besides West Bengal.

The bank now has 802 branches in just over 500 days of operations.

Commenting on the occasion, Bandhan Bank MD & CEO Chandra Shekhar Ghosh said, "We are delighted to announce that we are living up to our dream of bringing banking to the doorstep of every Indian. Within just one and half years of starting operations, we have marked our presence in 33 Indian states and Union Territories."

Bandhan Bank presently has 3,507 touch points pan India consisting of 802 bank branches, 2,427 Doorstep Service Centres (DSCs) and 278 ATMs. The bank has mobilized deposits worth Rs. 19,500 crore and its loan book stands at Rs. 19,400 crore. Bandhan Bank has a dedicated team of 23,200 employees on roll to serve 9.9 million customers.

The Kolkata-headquartered bank has two divisions -- general banking and micro banking, offering a suite of retail financial solutions, including a variety of savings and loan products.

Currently, the savings bank account interest rate is 6% for balance above Rs.1 lakh and 4.25% for balance up to Rs.1 lakh. For term deposits, the maximum interest rate offered is 8% for one year with an additional 0.5% for senior citizens.