Bandhan Bank FD Calculator
The Bandhan Bank fixed deposit calculator allows you get an estimate on the amount of interest you will earn on the amount you have invested in a Bandhan Bank fixed deposit.
You can use the calculator on the BankBazaar website or the Bandhan Bank website.
BankBazaar's Fixed Deposit Calculator
- Step 1: Visit the BankBazaar website
- Step 2: Select the type of deposit, fixed deposit ,interest rate, tenure, and deposit amount.
- Step 3: Choose 'Calculate'.
- Step 4: You will see the interest that you will earn and also the maturity amount.
How to Use Bandhan Bank Fixed Deposit Calculator
You easily calculate the maturity value of the amount you invested in a Bandhan Bank fixed deposit by using the Bandhan Bank fixed deposit calculator.
The formula is A = P(1+r/n)^nt
- A = the maturity amount
- P = the amount you have invested
- r = the rate of interest
- n = the number of times the interest has been compounded
- t = the tenure of your deposit
Benefits of Bandhan Bank Fixed Deposit Calculator
- You can avoid the hassle of manual calculation.
- It generates results immediately.
- The interface of the calculator is easy to understand.
Bandhan Bank FD Rates in India – Below Rs.2 crore
Maturity tenure | Interest Rate for General Citizen | Interest Rate for Senior Citizen |
Seven days to 14 days | 3.00% | 3.75% |
15 days to 30 days | 3.00% | 3.75% |
31 days to less than two months | 3.50% | 4.25% |
Two months to less than three months | 4.50% | 5.25% |
Three months to less than six months | 4.50% | 5.25% |
Six months to less than one year | 4.50% | 5.25% |
One year | 8.05% | 8.55% |
One year one day to one year nine months | 8.00% | 8.50% |
One year nine months one day to less than less years | 7.25% | 7.75% |
Two years to less than three years | 7.25% | 7.75% |
Three years to less than five years | 7.25% | 7.75% |
Five years to up to 10 years | 5.85% | 6.60% |
Tax Saver Fixed Deposit | 7.00% | 7.50% |
Note: The rates mentioned above are effective from 13 September 2024. The Bandhan Bank FD rates are subject to change from time to time.
FAQs on Bandhan Bank Fixed Deposit Calculator
- What is the interest for 1 year?
The interest for 1 year is 8.05%.
- What are the factors that determine the FD maturity amount?
The key factors that determine the FD maturity amount are the principal amount, duration for which the deposit will be held with the bank, the rate of interest of fixed deposit, and interest pay out frequency.
- What are the benefits of using Bandhan Bank FD calculator?
Some of the significant benefits of using Bandhan Bank FD calculator are time saving, free of cost, helps determining an approximate maturity value, and also helps in calculating the interest amount.
- What details do I need to enter to calculate the FD maturity value using the online FD calculator?
To calculate the FD maturity value using the online Bandhan Bank FD calculator, you need to enter the principal amount, deposit duration, interest rate, and interest compounding frequency.
- What is a Bandhan Bank FD Calculator?
Bandhan Bank FD calculator is an online tool that enables the user to determine the FD investment return that aids in financial planning. Using this calculator requires simple input of vital inputs, such as frequency of interest payout, principal amount, interest rate, and FD duration.
- Can I avail myself of a loan against the Bandhan Bank FD?
Yes, you can avail yourself of loan against your Bandhan Bank FD which is 90% of the deposit amount and the interest rate charged ranges between 1.50% to 2.00% above the contracted interest rate.
- Is auto-renew facility available under Bandhan Bank FD?
Yes, all customers of Bandhan Bank can avail themselves of auto-renewal facility of fixed deposit scheme of Bandhan Bank.
- What is the maximum and minimum deposit tenure of Bandhan Bank FD scheme?
The maximum and minimum deposit tenure of Bandhan Bank FD scheme ranges between seven days to ten years, respectively.
- Do I need to pay any fees to use Bandhan Bank online FD calculator?
No, you need not pay any charges to use the Bandhan Bank online FD calculator, as it is available online for free.
- How is interest calculated on the online calculator for Bandhan Bank FD?
The interest is calculated on the online calculator for Bandhan Bank FD using Simple Interest and Compound Interest formula depending on the requirement of the user.
- Is Bandhan Bank FD safe to invest in?
Yes, it is safe to invest in Bandhan Bank FD scheme as Deposit Insurance and Credit Guarantee Corporation (DICGC) insures the Bandhan Bank deposit up to Rs.5 lakh.
- Is there a Premature withdrawal facility available with Bandhan Bank?
Yes, premature withdrawal facility is available with Bandhan Bank FD scheme, but the bank may charge a certain penalty amount depending on the bank norms or on related terms and condition.
- What is the highest interest rate of fixed deposit by Bandhan Bank?
You can get 8.50% interest rate on a fixed deposit with Bandhan Bank.
- Is tax applicable on the investment made in Bandhan Bank?
Yes, tax applicable on interest earned from Bandhan Bank investment in the financial year as per the Income Tax Act, 1961.
- What is t in the fixed deposit calculator?
t = the tenure of your deposit.
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