Bandhan Bank Senior Citizen RD Interest Rates

What is The Bandhan Bank Senior Citizen RD

Bandhan Bank Senior Citizen Recurring Deposit (RD) is a savings scheme created for investors who are 60 years and above. Under this scheme, a fixed sum is deposited every month, and senior citizens receive a higher rate of interest than general customers.

The tenure starts from a minimum of 6 months and can go up to a maximum of 10 years, allowing flexible selection based on saving needs. This scheme provides ease in deposit amount, where you can start from ₹100.

An RD calculator can help you find a clear and accurate estimate of returns. It is an easy online tool that supports planning monthly savings and knowing the maturity amount in advance.

Bandhan Bank RD Rates for Senior Citizens

Here are the RD interest rates for various tenures, providing improved returns along with flexible investment choices.

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

Key Features of Bandhan Bank Senior Citizen RD

The Bandhan Bank Senior Citizen RD provides helpful features to make saving easy and convenient:

• Flexible Account Options: The RD can be opened as a single or joint account, making it suitable for individual or shared savings. A nomination facility is available too, which supports easy transfer of funds to the nominee in case of any such unexpected situation.
• Overdraft Facility: After completing 3 months of regular deposits, you may take an overdraft against your RD balance. This gives you access to funds when required, without closing the deposit or disturbing the regular flow of savings. The overdraft facility is available up to 90% of the RD balance.
• Standing Instruction Facility: You can set up standing instructions or recurring payment instructions through your bank account to manage regular deposits. The bank allows recurring payments to be scheduled with a defined frequency and duration, helping ensure timely instalments without manual intervention.
• Premature Closure Option: The RD can be closed before maturity under Bandhan Bank RD Premature Withdrawal. A penal interest rate of 1% is applicable on the card rate. The bank will charge the lower rate, being the agreed rate at start or the rate for the actual time the deposit stayed, under bank rules.

How To Open a Bandhan Bank Senior Citizen RD

Starting a Bandhan Bank Senior Citizen RD is easy and may be done through online or branch options, based on convenience.

Online Method

Steps to open a Bandhan Bank Senior Citizen RD online:

• Log in to Net Banking/Mobile Banking: Access your Bandhan Bank account using internet or mobile banking services.
• Go to Deposit Section: Visit the deposits section and choose the Recurring Deposit RD option shown.
• Choose RD Scheme: Choose a Senior Citizen RD scheme as per your requirement.
• Enter Deposit Details: State the monthly installment amount and decide a suitable tenure.
• Verify Details: Verify the RD interest rate, maturity amount, and all given details carefully.
• Confirm and Activate: Submit the request to open and activate your RD instantly.

Offline Method

You may also open a Bandhan Bank Senior Citizen RD by visiting the branch:

• Visit the Nearest Branch: Visit your nearest Bandhan Bank branch now.
• Request RD Application Form: Ask for the Recurring Deposit form from the bank staff.
• Fill in Required Details: Give details such as deposit amount, tenure, and account information.
• Provide KYC Documents: Provide valid ID proof and age proof to access senior citizen benefits.
• Select Payment Instructions: Enter your monthly instalment amount and payment method.
• Submit the Form: Provide the signed form, and the bank will check and open your RD account.

Bandhan Bank Senior Citizen RD Eligibility Criteria

Bandhan Bank Senior Citizen RD account opening has easy eligibility rules for a clear process:

• Age Requirement: The applicant must be 60 years or above to access the benefits offered under the senior citizen RD scheme.
• Savings Account Requirement: An active Bandhan Bank savings account is required to open and maintain the recurring deposit.
• Resident Status: The scheme is generally available to resident individuals, as per bank rules.
• KYC Compliance: Applicants must complete KYC (Know Your Customer) formalities by submitting valid identity and address proof as required by the bank.
• Documents Requirement: You need to present identity and address proof, such as Aadhaar Card, PAN Card, Voter ID, passport, or other valid documents properly accepted by the bank.

Key Takeaways

Bandhan Bank Senior Citizen RD offers steady returns with higher interest rates for senior citizens. The Bandhan Bank recurring deposit interest rates for senior citizens range from 4.95% to 7.75% per annum, depending on the tenure. The tenure starts from 6 months and goes up to 10 years, offering a flexible investment duration. You can start with a minimum deposit of ₹100 and rise in multiples of ₹1.