Bandhan Bank Interest Rates on NRE FD Account Deposits
Bandhan Bank offers attractive Fixed Deposit interest rates across a range of investment periods to suit different investor needs. The Bandhan Bank NRE FD rates amounting to less than ₹3 crore are as follows:
| Tenor |
Interest Rate (%p.a.) |
| Less than Rs. 3 Crore |
| 7 days to 14 days |
3.00% |
| 15 days to 30 days |
3.00% |
| 31 days to less than 2 months |
3.50% |
| 2 months to less than 3 months |
4.50% |
| 3 months to less than 6 months |
4.50% |
| 6 months to less than 1 year |
4.50% |
| 1 year |
8.05% |
| 1 year 1 day to 1 year 9 months |
8.00% |
| 1 year 9 months 1 day to less than 2 years |
7.25% |
| 2 years to less than 3 years |
7.25% |
| 3 years to less than 5 years |
7.25% |
| 5 years to up to 10 years |
5.85% |
Note: Interest rates are effective September 2024. Bandhan Bank NRE FD rates are subject to change without prior notice. Minimum tenor is 1 year.
The Bandhan NRE FD rates amounting to ₹3 crore to more than ₹50 crore are as follows:
| Tenor |
Interest Rate (%p.a.) |
| ₹3 Crore to ₹50 Crore and above |
| 7 days to 15 days |
3.00% |
| 16 days < 1 month |
3.50% |
| 1 month < 2 months |
5.90% |
| 2 months < 3 months |
6.20% |
| 3 months < 4 months |
6.80% |
| 4 months < 5 months |
6.80% |
| 5 months < 6 months |
6.90% |
| 6 months < 7 months |
6.90% |
| 7 months < 8 months |
7.00% |
| 8 months < 9 months |
7.00% |
| 9 months < 10 months |
7.00% |
| 10 months < 11 months |
7.00% |
| 11 months < 12 months |
7.00% |
| 12 months |
7.10% |
| 12 months 1 day < 13 months |
7.10% |
| 13 months < 14 months |
7.00% |
| 14 months < 15 months |
7.00% |
| 15 months < 16 months |
6.70% |
| 16 months < 17 months |
6.70% |
| 17 months < 18 months |
6.70% |
| 18 months < 2 years |
6.70% |
| 2 years to less than 3 years |
6.70% |
| 3 years to less than 5 years |
6.15% |
| 5 years to 10 years |
4.90% |
Note: These non-premature withdrawal NRE FD interest rates are effective from April 2025. Bandhan Bank NRE FD rates are subject to change without prior notice.
Why Choose Bandhan Bank NRE Fixed Deposits?
Bandhan Bank’s Fixed Deposits offer special benefits fulfilling the needs of many Non-Resident Indians. The benefits offered by Bandhan Bank NRE FD are:
-
You can start with a minimum deposit of just Rs 1000.
-
Benefit from competitive exchange rates when converting foreign currency to rupees.
-
Loan or overdraft options are available (subject to bank approval).
-
Choose to receive interest payouts monthly or quarterly.
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Your principal and earned interest can be automatically renewed upon maturity.
What Are the Eligibility Criteria for a Bandhan Bank NRE FD Account?
The following conditions are to be fulfilled in order to open a Bandhan Bank NRE FD account:
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The candidate must be a non-resident individual of Indian origin.
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Someone who is living abroad for business, vocation, employment, or studies.
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Those working for UN organizations or officials deputed overseas by the Government of India or public sector undertakings.
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Indian mariners or workers on foreign oil rigs/airlines.
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An Individual who has held an Indian passport at any point in time.
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The individual's parent or grandparent was a citizen of India by virtue of the Constitution of India or the India Citizen Act of 1955.
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A person who is a spouse of an Indian Citizen or a spouse of a PIO.
How to Open a Bandhan Bank NRE FD Account
To open an account and get good Bandhan NRE FD rates, the following steps are to be followed:
-
Online Application:
Existing Bandhan Bank NRI savings account holders can open an NRE FD account by simply following these steps:
Step 1:
Visit the bank's official website and navigate to the NRI Section.
Step 2:
Click ‘Apply Now’.
Step 3:
Fill in relevant information such as Name, Email ID, Contact Number, Pincode, and City.
Step 4:
Click on Submit.
Step 5:
You are likely to receive a call from the bank's authorities.
Step 6:
Follow the instructions given by the authorities, provide or fill in the important details like amount and tenor, and your NRE FD account will be opened.
You can maintain your account conveniently with Bandhan Bank’s internet banking or mobile banking service.
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For New Customers
Visit any Bandhan Bank branch in India. Request to open a Non-Resident External (NRE) Fixed Deposit account. Bank staff will guide you through the application process and the required documentation.
Documents Required to Open a Bandhan Bank NRE FD Account
To open a Bandhan Bank NRE FD account, the following general documents are to be submitted:
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ID proof: Passport
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Address proof (India & overseas)
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Proof of Tax
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Proof of NRI, foreign national, foreign national student, PIO or OCI status
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Passport-size photograph
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Overseas work/residence proof (visa/permit)
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Proof to establish NRI, foreign national, foreign national student, PIO, or OCI status.
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Any other document required by the bank.
Conclusion
The Bandhan NRE FD rates ensure that you get higher interest rates on your deposits, leading to the growth of your funds. With an NRE FD account, you can easily manage your funds in India without any worries. The account can be easily opened and maintained and also provides tax-free returns. With detailed information on Bandhan Bank NRE FD rates, you can align your investments with your financial goals and grow them.
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