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Bandhan Bank FD Interest Rates (p.a.) Highlights |
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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 21 January 2025
Bandhan Bank FD Interest Rates
FD Interest Rates for Domestic/NRE deposits of less than Rs 3 crore w.e.f. 13 September 2024
| 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
Bandhan Bank Tax Saver Deposit w.e.f. 4 December 2023
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years – 10 years | 7.00 | 7.50 |
Interest Rates on FCNR (B) deposits w.e.f January 2025
| Tenure/Currency | Interest Rates (% p.a.) | ||
| USD | GBP | EUR | |
| 1 year – less than 2 years | 5.46 | 4.45 | NA |
| 2 years – less than 3 years | 3.96 | NA | NA |
| 3 years – less than 4 years | 3.96 | NA | NA |
| 4 years – less than 5 years | 3.96 | NA | NA |
| 5 years only | 2.96 | NA | NA |
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- No interest is payable if the FCNR deposit is withdrawn before the completion of 1 year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 of 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 festivals, travel, marriage, home renovation, education and more
- The interest component is reinvested and thereby helps depositors derive the power of compounding
- Minimum 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
- Additional senior citizen FD rates are only for resident Indians and are not applicable to NRIs.
Standard Fixed Deposit
- Minimum deposit amount: 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
Neo+ Digital Fixed Deposit
- Deposit amount: Minimum- Rs 1,000; Maximum- Rs 2 lakh
- Tenure: 7 days to 10 years
- The existing relationship with the bank is not required to open Neo+ Digital Fixed Deposit
- The fixed deposit account opening is completely paperless and contactless process
- Both tax-saver & non-tax saver FD are available
- Aadhaar should be linked to the mobile number used for opening an FD account
- PAN and Aadhar should also be linked
- Original PAN Card and signature on white paper as a physical document are required during the video KYC verification (VKYC) process
Tax Saver Fixed Deposit
- Deposit amount: Minimum- Rs 1,000; Maximum- Rs 1.5 lakhs in a financial year
- Tenure: 5 years (lock-in)
- Nomination facility is available
Advantage Fixed Deposit
- Minimum deposit: Rs 1,000
- Tenure: 6 months to 10 years
- Premature closure or partial withdrawal is permitted
- Automatic renewal and nomination facilities are available
- Overdraft/loan facility is available against deposits
- The interest component is reinvested and thereby helps depositors derive 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 is available
- Amount can be deposited on a daily basis
- On reaching a specific threshold, funds get transferred to a fixed deposit from the savings account for a 1-year tenure
- Depositors can make small withdrawals from their savings account
- Depositor can avail Micro Bazaar Loan required for working capital requirements
Types of Bandhan Bank FD for NRIs
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 the 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
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
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 fixed deposit amount remained with the Bank or at the contracted rate, whichever is lower.
Bandhan Bank Loan/Overdraft against FD
- Depositors can avail loan against FD of up to 90% of their deposit amount
- Applicants can avail loan/overdraft facility for a tenure of up to 5 years
- The bank charges zero processing fees on loans against fixed deposits/overdraft
- The interest rate applicable is – Bandhan Bank FD interest rates plus 1.50 to 2.00%
Bandhan Bank FD Calculator
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.
FAQs
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.