Bandhan Bank FD Rates

In this fast-paced world, saving for tomorrow has become a necessity. What better way to save than investing in a Fixed Deposit scheme?

Bandhan Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 3.25% 4.00%
15 days to 30 days 3.75% 4.50%
31 days to 1 month 29 days 3.75% 4.50%
2 months to 2 months 29 days 3.75% 4.50%
3 months to 5 months 29 days 4.25% 5.00%
6 months to 364 days 5.15% 5.90%
18 months 1 day to 1 year 364 days 6.15% 6.90%
1 year 1 day to 18 months 6.25% 7.00%
2 years to 2 years 364 days 6.15% 6.90%
3 years to 4 years 364 days 6.10% 9.85%
5 years to 10 years 6.00% 6.75%

Bandhan Bank FD Rates Today

Investment Amount Minimum - Rs. 1,00,00,000  Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 3.25 %Maximum- 6.00%

India’s Oldest & Finest

Among the premier banks in India is the Bandhan Bank. Bandhan Bank offers selective banking solutions as per the customer's needs. From opening and managing savings accounts to offering excellent fixed deposit schemes, the bank aids its customers efficiently. The bank, based out in Kolkata has grown considerably and has multiple branches all over India.

Types of Bandhan Bank FD Schemes

The Bandhan Bank offers five different types of FD schemes, which are as follows:

FD Premium:

This fixed deposit scheme as its name says offers premium rates for the fixed deposits that are of high value. The Bandhan Bank FD rates for regular deposits do not apply to this scheme. It is a bulk deposit scheme that earns high Bandhan Bank FD rates.

Parameters

Details

Minimum Deposit Amount

Rs.1 Crore

Tenure

Seven Days to Ten Years

Senior Citizen Rates

NA

The facility of Overdraft/ Loan Against FD

Available

Features

·         Option to close the deposit in case of an emergency.

·         All the deposits that are above Rs.10 Crore can be made after one takes approval from the treasury.

·         Preferential Bandhan Bank FD rates without premature tenure facility that ranges from 91 days to 3 years.

 

FD Standard (Traditional FD):

An ideal FD scheme that is there to meet your long-term and short-term financial goals. A Standard Fixed Deposit scheme by Bandhan Bank offers a flexible option for tenure that is coupled with a higher rate of interest offered by the Bandhan Bank as compared to the rate of interest provided on a savings account.

Parameters

Details

Minimum Deposit Amount

Rs.1, 000

Tenure

Seven Days to Ten Years

Senior Citizen Rates

Bandhan Bank FD rates for senior citizens are 0.50% extra than normal Bandhan Bank FD rates for deposits that are more than Rs.1 Crore.

Rate of Interest

The interest is compounded quarterly/ monthly.

The facility of Overdraft/ Loan Against FD

Available

Premature withdrawal

Available

Features

·         Provides auto-renewal facility.

·         Offers facility of nomination.

 

FD Advantage:

This fixed deposit scheme is designed to offer the benefit of compounding the interest that is earned. This scheme offers flexibility in terms of the investment period and the amount that is to be deposited. The customers can invest in the multiples of Re.1 after investing the minimum deposit amount, which is Rs.1, 000 and this makes the scheme affordable.

Parameters

Details

Minimum Deposit Amount

Rs.1, 000

Tenure

Six Months to Ten Years

Senior Citizen Rates

Bandhan Bank FD rates for senior citizens are 0.50% extra than normal Bandhan Bank FD rates for deposits that are more than Rs.1 Crore.

Treatment of Interest

The interest is compounded quarterly.

The facility of Overdraft/ Loan Against FD

Available

Premature withdrawal

Available

Features

·         You can withdraw the deposit partially or fully.

·         The facility of nomination is provided.

·         An option of automatic plan renewal is provided.

 

FD Tax Saver:

A tax saver FD by Bandhan Bank helps the customers to save tax by investing in it. At the time of filing an ITR, the investors of Tax Saver FD have the option to claim income tax deduction u/s 80C of the IT Act, 1961. Details related to this scheme are mentioned in the below table:

Parameters

Details

Deposit Amount

Rs. 1, 000 to Rs. 1.5 Lakh

Tenure

Five years to 10 years

Senior Citizen Rates

Bandhan Bank FD rates for senior citizens is 0.75% extra than normal Bandhan Bank FD rates.

Bandhan Bank FD rates of interest

Compounding of interest

Premature withdrawal

N/A

Features

·         Offers the dual benefit of higher returns and tax savings

·         The facility of nomination is also provided.

·         Offers tax benefit u/s 80C of the IT Act, 1961.

 

FD Dhan Samriddhi:

A fixed deposit scheme that is designed to offer higher returns to the investors in a short duration. It is one of the growth-oriented FD schemes that have the aim of earning higher returns as per the frequent Bandhan bank FD rates.

Parameters

Details

Minimum Deposit Amount

Rs.5, 000

Tenure

Six months to 10 years

Treatment of Interest

Compounding of Interest

Premature withdrawal

Available

Features

Offers low balance maintenance at Rs.1, 000

Automatic renewal option

Easy FD booking through phone banking, internet banking, or at the branch.

The facility of nomination is offered.

Loan Against Fixed Deposit of Bandhan Bank

In times of requirement, an investor can take a loan against their FD opened with the Bandhan Bank with a few conditions:

  • An investor can take a loan up to 90% of his/her FD amount.
  • The loan is offered at the Bandhan Bank FD rates applicable plus 1.5% to 2.00%.
  • The bank charges no processing fee and repayment can be extended for three years.
  • Unlike other loans that banks offer, loan against FD offers faster disbursement that makes the FD liquid in case of emergency.

The Fixed Way to Save

No matter how much we earn, a part of our salary is best to be kept for the future. Keeping in mind this notion, Bandhan Bank offers great Fixed Deposit schemes. These competitive schemes are conventionally proven ways of saving money. The concept of fixed deposits has existed for a long. The schemes and policies follow the guidelines prescribed by the Reserve Bank of India. The main aim of the Fixed Deposit scheme in the Bandhan Bank is to assure its customers a safer future by giving them a platform to save proficiently.

Competitive Market Rates & Bandhan Bank FD Rates

Although other government-owned and private banks provide well-fixed deposit schemes, Bandhan Bank issues its deposits at a competitive rate in the market. The senior citizens are given the first preference and thus receive a higher rate of interest for fixed deposits.

Steps to Apply for the FD Schemes of Bandhan Bank?

Steps to Apply Online:

One has to follow the below-mentioned steps to apply for a fixed deposit scheme offered by Bandhan Bank online:

  • Step 1: Visit Bandhan Bank’s official website.
  • Step 2: Move to the 'Apply Now’ tab that is situated on the menu bar available on the upper side of the webpage.
  • Step 3: The page that opens next, choose the variant of the FD from the menu that comes in the drop-down which is available on the upper side of this form.
  • Step 4: Now fill this form with mobile number, email id, name, etc.
  • Step 5: For completing the intimation process, click the 'Submit' button.

A representative of Bandhan Bank contacts to provide information related to further steps. Ensure to check the Bandhan Bank FD interest rates.

Documents Required to Apply Bandhan Bank FD Schemes

The list of documents that are required to open an FD account with Bandhan Bank is as follows:

  • PAN Card
  • Photo ID Proof (Aadhar card, PAN Card, etc.)
  • Passport size photograph
  • Proof of residence (Voter ID Card, Aadhar Card, Passport, etc.)
  • Form 15H/ 15G

Steps to Apply Offline:

For applying offline, all one needs to do is to visit the nearest branch of Bandhan Bank with all the above-mentioned documents and follow the steps to apply there with the help of bank personnel.

Written By: PolicyBazaar - Updated: 20 October 2020
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