Bandhan Bank offers FD interest rates of 3.00-7.85% p.a. to the general public and 3.75-8.35% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Bandhan Bank Tax Saving FDs is 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for tenures from 5 years to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, and FCNR (B) fixed deposits. Bandhan Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), and Euro (EUR).
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Bandhan Bank FD Interest Rates (p.a.) Highlights 2023 |
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| Highest slab rate | 7.85% (for 500 days (1 year, 4 months, 11 days)) |
| For 1 year | 7.25% |
| For 2 years | 7.25% |
| For 3 years | 7.25% |
| For 4 years | 7.25% |
| For 5 years | 5.85% |
| Tax-Saving FD | 7.00% |
The interest rates are updated as of 4 December 2023
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| 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 | 4.50 | 5.25 |
| 3 months – less than 6 months | 4.50 | 5.25 |
| 6 months – less than 1 year | 4.50 | 5.25 |
| 1 year – 499 days | 7.25 | 7.75 |
| 500 days (1 year, 4 months, 13 days) | 7.85 | 8.35 |
| 501 days – less than 2 years | 7.25 | 7.75 |
| 2 years – less than 3 years | 7.25 | 7.75 |
| 3 years – less than 5 years | 7.25 | 7.75 |
| 5 years – 10 years | 5.85 | 6.60 |
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
Card limit is 100% of FD Amount
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6.5%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years – 10 years | 7.00 | 7.50 |
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| Tenure/Currency | Interest Rates (% p.a.) | ||
| USD | GBP | EUR | |
| 1 year – less than 2 years | 4.81 | 4.94 | NA |
| 2 years – less than 3 years | 4.81 | NA | NA |
| 3 years – less than 4 years | 4.81 | NA | NA |
| 4 years – less than 5 years | 4.81 | NA | NA |
| 5 years only | 3.81 | NA | NA |
Note: 1. For deposits above 1 year, simple interest is applicable otherwise interest is compounded half-yearly.
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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 fixed deposit amount remained with the Bank or at the contracted rate, whichever is lower.
In times of need where urgent money is required, investors have the option of taking a loan against their Bandhan Bank FD without having to indulge in otherwise cumbersome loan application procedures.
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When opening a Bandhan Bank FD scheme, it is imperative to know the return one should expect. Individuals can use fixed deposit 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.
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, the highest FD rate for Bandhan Bank is 7.85% p.a. for general citizens and 8.35% p.a. for senior citizens for a tenure of 500 days.
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.
Q: What is the interest rate for Bandhan Bank Monthly Income Scheme?
A: Bandhan Bank does not offer any fixed deposit variant branded as ‘Bandhan Bank Monthly Income Scheme’ or Bandhan Bank MIS Scheme. However, depositors who wish to generate monthly income from their fixed deposits can opt for the “monthly interest pay-out option” in any of FD schemes offered by the bank. The interest rates applicable to the standard fixed deposit are same as of monthly interest pay-out.
Q: Can I apply for Bandhan Bank FD online?
A: Yes, the existing Bandhan Bank customers can open FD online through Internet banking and through mBandhan App, the mobile banking app of the bank.
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