Bandhan Bank FD Interest Rates (p.a.) Highlights 2022 | |
| Highest slab rate | 6.25% (for 2 years to less than 5 years) |
| For 1 year | 5.75% |
| For 2 year | 6.25% |
| For 3 year | 6.25% |
| For 4 year | 6.25% |
| For 5 year | 5.60% |
| Tax-Saving FD | 5.60% |
Bandhan Bank FD Rates 2022
FD Interest Rates for Domestic/NRE deposits of less than Rs 2 crore w.e.f. 4 May, 2022
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days – 14 days | 3.00 | 3.75 |
| 15 days – 30 days | 3.00 | 3.75 |
| 31 days – less than 2 months | 3.50 | 4.25 |
| 2 months – less than 3 months | 3.50 | 4.25 |
| 3 months – less than 6 months | 3.50 | 4.25 |
| 6 months – less than 1 year | 4.50 | 5.25 |
| 1 year – 18 months | 5.75 | 6.50 |
| Above 18 months – less than 2 years | 5.75 | 6.50 |
| 2 years – less than 3 years | 6.25 | 7.00 |
| 3 years – less than 5 years | 6.25 | 7.00 |
| 5 years – 10 years | 5.60 | 6.35 |
Note: 1. The minimum tenure for Non-Residential External (NRE) fixed deposits is 1 year
2. Additional senior citizen interest rates are offered to resident Indians only Ten
Bandhan Bank Tax Saver Deposit
| Tenure | Regular Citizens | Senior Citizens |
| 5 years – 10 years | 5.60% | 6.35% |
Interest Rates on FCNR (B) deposits for the month of May 2022
| Tenure/Currency | Interest Rates (% p.a.) | ||
| USD | GBP | EUR | |
| 1 year – less than 2 years | 1.26 | 0.72 | 0.01 |
| 2 years – less than 3 years | 1.37 | 0.74 | 0.01 |
| 3 years – less than 4 years | 2.30 | 1.61 | 0.10 |
| 4 years – less than 5 years | 2.21 | 1.47 | 0.16 |
| 5 years only | 2.09 | 1.32 | 0.19 |
Note: 1. For deposits above 1 year, simple interest is applicable otherwise interest is compounded half-yearly.
- No interest is payable if the FCNR deposit is withdrawn before the completion of 1 year.
Types Bandhan Bank Fixed Deposit Scheme
Dhan Samriddhi Fixed Deposit (Reinvestment of interest component)
- This scheme is offered to depositors to meet short-term goals like festival, travel, marriage, home renovation, education and more
- Interest component is reinvested and thereby, helps depositors in deriving the power of compounding
- Minimum amount of deposit: Rs 5,000
- Tenure:6 months to 10 years
- Nomination and automatic renewal facility is available
- Overdraft/loan facility is available against deposits
- Premature closure or partial withdrawal is permitted
Standard Fixed Deposit
- Minimum amount of deposit: Rs 1,000
- Tenure: 7 days to 10 years
- Interest is paid to the depositor at quarterly or monthly intervals
- Partial withdrawal or premature closure is permitted
- Automatic renewal and nomination facility is available
- Overdraft/loan facility is available against deposits
Tax Saver Fixed Deposit
- Deposit amount: Minimum- Rs 1,000; Maximum- Rs 1,50,000 in a financial year
- Tenure: 5 years to 10 years (lock-in)
- Nomination facility is available
Advantage Fixed Deposit
- Minimum amount of deposit: Rs 1,000
- Tenure:6 months to 10 years
- Premature closure or partial withdrawal is permitted
- Automatic renewal and nomination facility is available
- Overdraft/loan facility is available against deposits
- Interest component is reinvested and thereby, helps depositors in deriving the power of compounding
Premium Fixed Deposit
- Minimum deposit amount: Rs 2 crores and above
- Tenure:7 days to 10 years
- Premature closure or partial withdrawal is allowed
- Loan/Overdraft facility is available against deposits
- Nomination facility is available
- Quarterly or monthly interest payout facility
Super Saver Fixed Deposit
- This daily deposit scheme is offered to daily small traders, wage earners and shopkeepers
- Daily deposit amount: Minimum- Rs 10; Maximum- Rs 8,000 through handheld devices
- Tenure:1 year
- Daily doorstep collection available
- Amount can be deposited on daily basis
- On reaching a specific threshold, funds get transferred to a fixed deposit from the savings account for 1 year tenure
- Depositors can make small withdrawals from their savings account
- Depositor can avail Micro Bazaar Loan required for working capital requirements
Foreign Currency Non-Resident (FCNR – B) Fixed Deposit
- Depositors can hold currencies in US Dollars (USD), Euro (EUR) and Pound Sterling (GBP)
- Minimum deposit amount: USD 1,000; GBP 1,000; EUR 1,000
- Tenure: 1 year to 5 years
- Principal and interest earned are freely and fully repatriable
- Automatic renewal facility is available on maturity
- Nomination facility is available
NRE Fixed Deposit
- Minimum deposit amount: Rs 1,000
- Tenure:1 year to 10 years
- Principal and interest earned are freely and fully repatriable
- Automatic renewal facility is available on maturity
- Nomination and loan/overdraft facility is offered to depositors
- Premature closure facility is permitted
- Depositors have the option of quarterly or monthly interest payouts
NRO Fixed Deposit
- Minimum deposit amount: Rs 1,000
- Tenure:7 days to 10 years
- Funds can be repatriated for up to USD 1 million per financial year
- Interest earned is fully repatriable in current financial year
- Automatic renewal facility is available on maturity
- Loan/overdraft and nomination facility is offered to depositors
- Premature closure facility is allowed
- Depositors have the option of quarterly or monthly interest payouts
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Premature Withdrawal Facility
Interest will be paid after deducting the penal rate (1%) from the applicable rate. The applicable rate would be the interest rate applicable for the period of deposit for which the FD remained with the Bank or at the contracted rate, whichever is lower.
Bandhan Bank Loan against FD
In times of need where urgent money is required, investors have the option of taking loan against their Bandhan Bank FD without having to indulge in otherwise cumbersome loan application procedures.
- Investors can take loan worth a portion of their deposit amount (up to 90%)
- There are zero processing fees and a comfortable repayment period extended for up to 3 years
- The loan is given at the applicable Bandhan Bank FD interest rates plus 1.50-2.00%
- Unlike usual loans, loan against FD gives faster disbursement making FD liquid in emergency
Bandhan Bank FD Calculator
When opening a Bandhan Bank FD scheme, it is imperative to know the return one should expect. An FD calculator, like the one offered by Paisabazaar.com, is designed specifically for this purpose only. On providing deposit amount, Bandhan Bank FD Rates, and tenure, one can know the estimated maturity amount.
FAQs
Q. Does the tax saving FD by Bandhan Bank have the facility of premature withdrawal?
A. No, the tax-saving scheme does not provide the facility to withdraw the amount or close the account before maturity.
Q. What is the highest Bandhan Bank FD rate?
Currently, Bandhan Bank is offering a maximum of 5.75% rate of interest for the tenure of above 18 months – less than 3 years.
Q. What is a non-callable FD?
A non-callable FD is a deposit scheme where the investor is not given the option to withdraw money from the account before maturity.
Q. If the current FD rate is lower than the rate at the time of investing, which of the two shall be applicable at the time of maturity payment?
Once the Bandhan Bank fixed deposit interest rates are fixed at the time of purchasing the scheme, investors shall get the returns based on such fixed rates only. No fluctuation in rates shall affect an existing customer.
