Bandhan Bank offers FD interest rates of 3.00-8.05% p.a. to the general public and 3.75-8.55% 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 of 5 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 2024 |
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| Highest slab rate | 8.05% (for 1 year) |
| For 1 year | 8.05% |
| 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 20 November 2024
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 | 8.05 | 8.55 |
| 1 year 1 day – 1 year 9 months | 8.00 | 8.50 |
| 1 year 9 months 1 day – 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 90% of FD Amount
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7%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 | 5.82 | 4.70 | NA |
| 2 years – less than 3 years | 4.32 | NA | NA |
| 3 years – less than 4 years | 4.32 | NA | NA |
| 4 years – less than 5 years | 4.32 | NA | NA |
| 5 years only | 3.32 | 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.
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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: Is Bandhan Bank approved by the RBI?
Ans: Yes, Bandhan Bank is approved by the RBI. The bank has been categorised as a scheduled private sector bank by the RBI.
Q: Is it safe to open FD in Bandhan Bank?
Ans: Bandhan Bank has been recognized as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance cover of up to Rs 5 lakhs in case the bank defaults. This insurance cover is provided by the DICGC, an RBI subsidiary, and covers cumulative deposits (including fixed deposits, savings account, current account and recurring deposits) of each depositor of each scheduled bank.
Q: Is Bandhan Bank a government/nationalised bank?
Ans: Bandhan Bank is a scheduled private sector bank.
Q: What are the interest payout options available to Bandhan Bank FD holders?
Ans: Bandhan Bank offers both monthly and quarterly interest payout options to its customers. Alternatively, customers also have the option of receiving interest payout at maturity.
Q: What are the modes available for opening FDs with Bandhan Bank?
Ans: Customers can open Bandhan Bank FD account internet banking, mobile App and by visiting Bandhan Bank branch.
Q: Does Bandhan Bank allow overdraft facility against its FDs?
Ans: Bandhan Bank allows overdraft/loan against FD of up to 90% deposits for a tenure of up to 5 years.
Q: Can I open a joint Bandhan Bank Regular FD with a non-senior citizen?
Ans: You can open joint Bandhan Bank FD with a senior citizen as long as the senior citizen (aged 60 years and above) is the first account holder of the deposit account.
Q: Can I change the tenure of my existing Bandhan Bank FD?
Ans: You cannot change the tenure once the FD account is opened. In case you want to opt for a different tenure, then you would have to close your existing Bandhan Bank FD and use the closure proceeds to open a fresh FD with the desired tenure.
Q: Can I transfer my Bandhan Bank FD to another bank?
Ans: You cannot transfer Bandhan Bank FDs to another bank. You have to close your existing Bandhan Bank FD or wait for its maturity and then, use the closure/maturity proceeds to open FD with your desired bank.
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