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Bandhan Bank FD Calculator

Home Fixed Deposit Bandhan Bank FD Calculator

Bandhan Bank FD Calculator is a simple tool that allows you to calculate the aggregate interest amount and maturity value. You just need to enter your required deposit amount, prevailing Bandhan Bank FD interest rates and tenure to know your returns, allowing you to make informed financial decision.

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  • Safe & Secure FD, Insured by RBI

  • No Savings A/c Required

  • FD Starts from Rs 2000

  • Card Limit = 90% of FD

*Rates are subject to change as per the bank's discretion.

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Updated: 20-11-2024 11:40:34 AM

Bandhan Bank Fixed Deposit Calculator 2024

Bandhan Bank FD Calculator
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Maturity Amount

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Total Interest amount

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Principal Amount

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How to Use Paisabazaar’s Bandhan Bank FD Calculator

Stated below are the procedure to use Paisabazaar’s FD Calculator:

  • Enter the deposit amount. You can open an FD in Bandhan Bank for as low as Rs 1000.
  • Enter the required tenure (years/days) and Bandhan Bank FD interest rates
  • Click on ‘Calculate’ button
  • The FD interest amount, maturity and the principal amount will be shown instantly

The FD Calculator can be used to compare returns for various deposit amounts, tenures and FD rates offered by other banks/NBFCs. This will help individuals to make an informed decision based on their financial goals, cash flows and liquidity requirements before opening an FD account in Bandhan Bank. Also, it’s easier to determine which bank/NBFC is offering you higher FD interest rate throughout the specific tenure.

Looking for Higher FD rates? Book an FD @6.5% p.a. and get a lifetime free credit card

  • FDs of up to ₹5 lakhs insured by RBI

  • No hassle of opening a saving account

  • No documentation

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Bandhan Bank FD Interest Rates of less than Rs 2 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

Interest Rates are updated as on 20th Nov 2024.

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

Earn 6.5% p.a. on your FD & Get a lifetime free Step Up Credit Card

  • Card limit is 90% of FD Amount

  • Instant Virtual Card

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stepup 6.5%INTEREST ON FD

Factors Determining Your FD Maturity Amount

Principal amount, tenure, fixed deposit interest rates, and the interest pay out frequency are some factors that determine your FD maturity amount. Check below the minimum deposit amount and tenure for different types of Bandhan Bank FDs before opening FD account:

Type of Fixed Deposits Minimum FD Amount Tenure
Neo+ Digital Fixed Deposit Rs 1,000 7 days to 10 years
Standard Fixed Deposits (monthly/quarterly interest pay-out option) Rs 1,000 7 days to 10 years
Tax Saver Fixed Deposit Rs 1,000 5 years (lock-in)
Advantage Fixed Deposit Rs 1,000 6 months to 10 years
Dhan Samriddhi Fixed Deposit (cumulative FD scheme) Rs 5,000 6 months to 10 years
Super Saver Fixed Deposit Rs 10 (Daily Deposit) 1 year
Premium Fixed Deposit Rs. 3 crore 7 days to 10 years

Considering interest pay out frequency, Bandhan Bank offers quarterly and monthly interest pay-out option under standard fixed deposit scheme. This scheme is ideal for individuals who require a fixed quarterly or monthly income to meet their day-to-day expenses. The bank also offers cumulative FD scheme branded as ‘Dhan Samriddhi Fixed Deposit’ wherein the interest component is reinvested and added to the principal amount for interest calculations. This allows accountholders to earn interest on their fixed deposit interest component and thereby, help them benefit from the power of compounding.

The FD maturity also depends on whether the individual is a non-senior citizen or senior citizen (aged 60 years and above). Bandhan Bank offers additional 0.50% – 0.75% p.a. interest rates on regular rates to senior citizen FD depositors.

Depositors should take into consideration their financial goals, cash flows and investment horizon before opting for any tenure, interest rate, type of FD, and interest pay-out option.

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Benefits of Using Bandhan Bank FD Calculator

Below are some of the benefits of using the Bandha Bank fixed deposit calculator:

  • The automated process of the tool saves you time from manual calculations and provides accurate estimations of FD returns with a click of a button.
  • The FD calculator helps you plan your finances, as the maturity amount and the interest earned can be known beforehand.
  • The calculator is a free online tool that simplifies FD interest calculations, making it easier to opt for the optimum tenure and deposit amount that provide you with the required maturity amount for your fixed deposit.

 

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