Bandhan Bank Senior Citizen FD Rates 2025

What is a Bandhan Bank Senior Citizen FD?

A Bandhan Bank Senior Citizen FD is a fixed deposit scheme specifically designed for individuals aged 60 years and above. Bandhan Bank offers senior citizens the option to choose from monthly, quarterly, or cumulative (interest added to the deposit and paid at maturity) payout schedules. This flexibility helps senior citizens manage their income flow with high FD interest rates. 

Key Benefits of Bandhan Bank Senior Citizen FD

Bandhan Bank offers several benefits to senior citizens, some of which include:

• Flexible Investment Amount: Bandhan Bank offers senior citizens (aged 60 and above) a premium interest rate, which is typically 0.50% to 0.75% higher than the usual rates for the general public, depending on the chosen tenure.
• Auto-Renewal Facility: Bandhan Bank offers senior citizens the convenience of automatically renewing their fixed deposit upon maturity. The deposit continues at the prevailing interest rate, and seniors can provide clear instructions on the renewal period or amount, eliminating the need to visit the branch.
• Premature Withdrawal: Bandhan Bank allows senior citizens to withdraw their fixed deposits before maturity if needed. However, a 1% penalty on the interest earned may apply in case of early closure. Interest is not payable for deposits prematurely withdrawn within 7 days from the date of deposit.
• Loan Against FD: In case of a financial emergency, you can avail a loan of up to 90% of your FD amount, providing liquidity without the need to prematurely close the deposit.

Bandhan Bank FD Interest Rates for Senior Citizens 

Here are the Bandhan Bank FD interest rates for various deposits with different tenures:

Bandhan Bank Senior Citizen FD rates, Retail Domestic / Non-Resident Rupee Term Deposit

*Bandhan Bank senior citizen FD rates w.e.f. September 01, 2025

Bandhan Bank Senior Citizen FD rates, Tax Saver Fixed Deposit

*Bandhan Bank Tax Saver FD rates w.e.f. August 09, 2025

How to Open a Bandhan Bank Senior Citizen FD?

Opening a Bandhan Bank Senior Citizen FD is a straightforward process, with both online and offline methods available for convenience.

1. Online Method

   • Netbanking or mBandhan Application: Access your Bandhan Bank account either using your credentials
   • Go to Fixed Deposit Section: Once logged in, go to the "Fixed Deposit" section.
   • Select and Enter Details: Choose the "Senior Citizen FD" option. You will then be prompted to enter all the required information. 
   • Payment Details: Enter the information like the deposit amount, desired tenure, nominee details, and instructions for maturity.
   • Review and Confirm: Carefully review all the information you have entered. If everything is correct, click on "Submit" to complete the process. 
   • Confirmation: Your FD will be created, and you will receive a confirmation.

2. Offline Method

   • Step 1: Locate and visit your nearest Bandhan Bank branch.
   • Step 2: Request and fill out the Fixed Deposit application form for senior citizens.
   • Step 3: Attach the required documents:
     • PAN card
     • Aadhaar card
     • Proof of age
     • Address proof
     • Passport-size photographs
   • Step 4: Submit the form along with the deposit amount (via cheque or through your linked Bandhan Bank savings account).
   • Step 5: Upon successful verification, the bank will issue an FD receipt.

Taxation on Bandhan Bank Senior Citizen FD Interest

• You can invest up to ₹1,50,000 per financial year in a Bandhan Bank Tax Saver Fixed Deposit and claim a corresponding tax deduction under Section 80C of the Income Tax Act.
• Form 15G/15H is for general and senior citizens simultaneously, where you can submit if their total annual income is below the taxable limit.
• To avoid Tax Deducted at Source (TDS) on the interest earned from your FDs, you can submit a self-declaration form.

Key Takeaways

Bandhan Bank Senior Citizen FD is typically 0.50% to 0.75% higher than regular rates. The bank offers flexible tenures from 7 days to 10 years and multiple interest payout options, making it a versatile savings tool. The key features include a loan facility of up to 90% of the deposit value, the convenience of auto-renewal, and an easy online or offline account opening process. Additionally, the scheme provides tax benefits under Section 80C for tax-saver FDs and allows senior citizens to avoid TDS by submitting Form 15H.