Bandhan Bank RD Interest Rates

What is Bandhan Bank Recurring Deposit?

A Bandhan Bank Recurring Deposit operates on a regular monthly instalment basis and encourages disciplined monthly savings. It offers flexible tenures ranging from 6 months to 10 years and allows one to select an instalment as low as ₹100, in multiples of ₹1. 

Each monthly instalment earns interest from the date of deposit until maturity. Earlier instalments accumulate more interest over time. RD interest rates are aligned with the bank’s applicable term deposit rates and the interest is credited periodically.

Bandhan Bank RD Interest Rates

The table below provides RD interest rates across different tenures for deposits below ₹3 crore:

*Bandhan Bank RD Interest Rates w.e.f. March 25, 2026

Key Features of Bandhan Bank RD

Bandhan Bank recurring deposits come along with:

• Standing Instruction Facility: Payments may be automatically charged to a linked savings or current account at the end of each month, and thus automatic and convenient.
• Loan against RD: It permits customers to take a Bandhan Bank loan against RD without closing the deposit. An overdraft facility is offered against the RD after 3 months, giving access to funds when required, as per the bank’s applicable terms.
• Additional Interest for Senior Citizens: Senior citizens enjoy better interest rates, normally 0.50% above usual rates, as per the bank’s rate structure. The Bandhan Bank senior citizens RD rates are planned to deliver higher returns, making them more rewarding for older investors. 
• Premature Withdrawal Facility: The Bandhan Bank RD premature withdrawal facility allows accounts to be closed before maturity, subject to other terms and a 1% penalty.
• Penalty on Delayed Instalments: Delayed instalments can attract a nominal penalty charge as per the current rules of Bandhan Bank. An RD calculator can help you estimate how your overall returns will be affected by missed or late payments in such situations.

How to Open a Bandhan Bank RD

Bandhan Bank recurring deposits can be opened both online and offline with a simple process.

Online Method

To open a Bandhan Bank RD online in either internet or mobile banking, you can use the following steps:

• Log In: Access Bandhan Bank's internet or mobile banking
• Select RD Option: Choose the recurring deposit option
• Enter Details: Fill in instalment amount and other details
• Choose Account: Select your Bandhan Bank savings account for auto-debit
• Submit Application: Review and confirm the request
• Get Confirmation: RD account is opened and confirmed

Offline Method

It is also possible to open a Bandhan Bank RD by visiting the nearest branch:

• Visit the Branch: Go to the nearest Bandhan Bank branch
• Fill Form: Complete the RD application form
• Submit Documents: Provide KYC documents if required
• Select Payment Mode: Choose auto-debit or manual deposit
• Pay First Instalment: Deposit the initial amount
• Receive Confirmation: RD account details are provided

Eligibility Criteria for Bandhan Bank RD

Bandhan Bank sets basic eligibility requirements for opening a recurring deposit account:

• Eligible Applicants: Individuals, joint account holders, minors (under guardianship), HUFs, firms, companies, trusts, and institutions are eligible
• Age Requirement: Minors can open RD accounts under the supervision of a parent or legal guardian.
• Documentation Requirement: All applicants must provide proper KYC documents, including identity proof, address proof and photographs, in line with the bank requirements.
• Bank Account Requirement: An active savings or current account with Bandhan Bank is required to make monthly instalments or similar transactions.

Key Takeaways

Bandhan Bank recurring deposit provides a stable way to build savings by making regular monthly contributions. The RD interest rates range from 4.20% to 7.25% per annum for regular citizens and from 4.95% to 7.75% per annum for senior citizens, making it competitive over tenures. Offering a tenure from 6 months to 10 years along with freedom to set instalment amounts beginning at ₹100 in multiples of ₹1, this plan encourages disciplined financial planning.