Bandhan Bank FD Rates

Bandhan Bank FD Interest Rates for different tenure are as follows:

Tenure	Bandhan Bank FD Interest Rate
	Regular Citizens	Senior Citizens
7 days to 14 days	3.50%	4.25%
15 days to 3 months	4.00%	4.75%
3 months to less than 6 months	4.50%	5.25%
6 months to less than 1 year	6.80%	7.55%
1 year to 18 months	7.35%	8.10%
Above 18 months to less than 2 years	7.65%	8.40%
2 years to less than 5 years	7.40%	8.15%
5 years to 10 years	6.40%	7.15%

 Note –

1. Bandhan Bank Fixed Deposit Interest rates effective from Dec. 10, 2018.
2. Interest rates on NRE (Non Resident External) and NRO (Non Resident Ordinary) term deposits are same as those applicable on domestic term deposits.

FCNR (Foreign Currency Non-Resident) Fixed Deposit Interest Rates

Tenure	USD	GBP	EUR
1 year to < 2 years	3.51	1.31	0.14
2 years to < 3 years	3.70	1.52	0.12
3 years to < 4 years	3.52	1.57	0.01
4 years to < 5 years	3.54	1.67	0.11
5 years only	3.56	1.75	0.14

Note:

1. Simple interest is applicable on FCNR deposit for 1 year. However, interest is compounded at half yearly frequency on FCNR deposit of above 1 year.
2. No interest is payable if FCNR deposit withdrawn before 1 year.
3. All figures in % per annum

Bandhan Bank Fixed Deposits have some salient features of their own. Some of these features are as follows:

• The bank offers attractive interest rates on its range of FD schemes.
• Investors can open FD accounts through multiple channels such as online banking, mobile banking and by visiting the branch.
• Depositors can choose from various deposit plans with traditional as well as reinvestment features.
• Depositors get maximum liquidity on FD schemes with facilities such as part withdrawal and premature closure. That is, you can withdraw the funds accumulated in the FD partially during the tenure and even close the FD before the allotted time.
• Depositors also have the option to choose monthly or quarterly interest pay-outs and even quarterly compounding of interests.
• Another great feature of Bandhan Bank’s fixed deposit is that the bank can extend a loan or overdraft on the FD, should the depositor be in need of funds. This option is best for individuals who need funds immediately and have a low credit score, making it difficult for them to get a personal loan or any other unsecured loan.
• Depositors have to make a minimum deposit of Rs 1000 and in multiples of Re 1 thereafter in fixed deposit schemes. However, this minimum deposit amount may differ for every scheme.

1. Bandhan Bank Tax Saver Fixed Deposit
2. Bandhan Bank Premium Fixed Deposit
3. Bandhan Bank Standard Fixed Deposit
4. Bandhan Bank Advantage Fixed Deposit
5. Bandhan Bank Dhan Samriddhi Fixed Deposit
6. Bandhan Bank Fixed Deposit for Senior Citizens

Bandhan Bank Tax Saver Fixed Deposits

Like all tax-saving FDs, Bandhan Bank Tax Saver FDs help tax-paying citizens earn high interest on their investments and save on taxes at the same time. The key features are as follows:

Features of Bandhan Bank Tax Saver Fixed Deposits

Minimum Deposit Amount – ₹ 1,000

Maximum Deposit Amount – ₹ 1,50,000 in a financial year

Lock-in Period – 5 and 10 years

No premature withdrawal allowed

Nomination facility is also available with these fixed deposits

Bandhan Bank Premium Fixed Deposit

The Bandhan Bank Premium FD scheme is designed especially for those customers who invest huge amounts to earn high interest on their investments. Features of this scheme are mentioned below:

Features of Bandhan Bank Premium Fixed Deposits

Minimum Deposit Amount – ₹ 1 Crore

Maximum Deposit Amount – No limit

The depositor gets special preferential rates for fixed deposits

Tenure ranges from 7 days to a maximum of 10 years

Option of a loan or overdraft available

Foreclosing of the account is also allowed

Bandhan Bank Standard Fixed Deposit

Bandhan Bank Standard Fixed Deposit scheme provides high returns after maturity. People with both short-term and long-term goals can invest in these schemes and utilise the idle money in their savings account. Some of the features of this scheme are mentioned below:

Features of Bandhan Bank Standard Fixed Deposits

Minimum Deposit Amount – ₹ 1,000

Maximum Deposit Amount – No limit

Minimum Tenure – 7 days

Maximum Tenure – 10 years

Option of a loan or overdraft available

Foreclosing of the account is also allowed

Option to auto renew the FD scheme after maturity

Offers nomination facility under this scheme

Partial withdrawal allowed for the scheme

Bandhan Bank Advantage Fixed Deposit

Bandhan Bank Advantage FD scheme allows you to make your savings grow faster by providing you the advantage of compounding interest rate. Salient features of this FD scheme are as follows:

Features of Bandhan Bank Advantage Fixed Deposits

Minimum Deposit Amount – ₹ 1,000

Maximum Deposit Amount – No limit

Minimum Tenure – 6 months

Maximum Tenure – 10 years

Option of a loan or overdraft available

Foreclosing of the account is also allowed

Option to auto renew the FD scheme after maturity

Offers nomination facility under this scheme

Partial withdrawal allowed for the scheme

TDS certificate is issued by the bank as per the Income Tax Act

Bandhan Bank Dhan Samriddhi Fixed Deposit

This FD scheme is designed especially for those people who have a short-term financial goal in mind such as health, education, festival, marriage, travel, etc. The compounding interest is reinvested in the scheme which helps in higher growth of the interest amount. This FD scheme has the following features:

Features of Bandhan Bank Dhan Samriddhi Fixed Deposits

Minimum Deposit Amount – ₹ 5,000

Maximum Deposit Amount – No limit

Minimum Tenure – 6 months

Maximum Tenure – 10 years

Option of a loan or overdraft available

Foreclosing of the account is also allowed

Option to auto renew the FD scheme after maturity

Offers nomination facility under this scheme

Partial withdrawal allowed for the scheme

TDS certificate is issued by the bank as per the Income Tax Act

Bandhan Bank Fixed Deposit for Senior Citizens

Senior citizens prefer investing in fixed deposits as these are risk-free and high earning financial instruments. The monthly payout option helps them to withdraw the interest on a regular basis which acts like a pension plan. Moreover, these schemes assure guaranteed returns and that too at high interest rates.

• Senior citizens residing in India get an additional 0.75% interest over the rates offered to regular citizens.
• NRI citizens do not get this privilege.
• Resident senior citizens have to submit the age proof at the time of availing the additional benefit.
• Bandhan Bank deposit rates range from 4.25% to 8.15% for a period of 7 days to 10 years to senior citizens.

Investors of fixed deposits in the bank can use the Bandhan Bank Fixed Deposit calculator. They have to enter the investment amount, Bandhan bank FD interest rate and tenure and choose the scheme to find out the amount they would get on maturity.

Q. How can I open a fixed deposit in Bandhan Bank?

A. Bandhan Bank offers a number of ways through which an investor can open the Bandhan Bank FD. A depositor can open a fixed deposit online via internet banking and mobile banking as well as by visiting the bank. Users can check the IFSC code of the bank online at Paisabazaar.

Q. Is PAN necessary for fixed deposit schemes?

A. The bank asks its investors to mandatorily provide their PAN at the time of booking the Bandhan Bank fixed deposit. In case the depositor does not provide the PAN, the bank deducts TDS at a higher rate as per the Indian Income Tax laws.

Q. Can NRE FDs be opened in Bandhan Bank?

A. Yes, Bandhan Bank offers NRE fixed deposit schemes but the minimum tenure under these schemes is one year. In case of premature withdrawal before one year, no interest is given to the depositor.

Q. How to check interests and maturity amount of Bandhan Bank fixed deposit schemes?

A. Depositors can check the maturity amount and interests payable at the end of tenure with the help of Bandhan Bank FD calculator.