• Overview of Bandhan Bank Fixed Deposit

    Bandhan Bank offers a wide range of fixed deposits that cater to varying requirements. Each scheme offers unique benefits, attractive interest rates, and flexible tenures ranging from 7 days and going up to 10 years. Senior citizens get additional interest rate of up to 0.75% p.a. High-value deposits attract a differential rate of interest for even higher returns.

    Bandhan Bank Fixed Deposit

    Different Types of Accounts

    The different types of FD accounts offered by Bandhan Bank are mentioned below:

    FD Premium:

    The main features of the FD Premium account are mentioned below:

    • Minimum deposit is Rs.2 crore.
    • Loans can be availed against the account.
    • The tenure ranges between 7 days and 10 years.
    • Differential interest rates can be availed for high value deposits.

    FD Standard:

    The main features of the FD Standard account are mentioned below:

    • Minimum deposit is Rs.1,000.
    • TDS Certificate is issued.
    • You can add nominees to the account.
    • Loans can be availed against the account.
    • Premature closure and part withdrawal facilities are provided.
    • You have the option to choose between quarterly and monthly interest pay-outs.
    • You have the option to choose between short term and long-term deposits.

    FD Tax Saver:

    The main features of the FD Tax Saver account are mentioned below:

    • The minimum and maximum deposits that can be made in a financial year are Rs.1,000 and Rs.1.50 lakh.
    • You can add nominees to the account.
    • The account comes with a lock-in period ranging between 5 years and 10 years.
    • Tax benefits (Under Section 80C) are provided along with high returns.

    FD Advantage:

    The main features of the FD Advantage account are mentioned below:

    • TDS Certificate will be provided.
    • Auto renewal facility is available.
    • Premature closure and part withdrawal facilities are provided.
    • The minimum deposit that must be made towards the account is Rs.1,000.
    • You can add nominees to the account.
    • Loans can be availed against the account.
    • The tenure of the account ranges between 6 months and 10 years.

    FD Dhan Samriddhi:

    The main features of the FD Dhan Samriddhi account are mentioned below:

    • Rs.5,000 is the minimum deposit value.
    • Loans can be availed against the account.
    • You can add nominees to the account.
    • The tenure of the account ranges between 6 months and 10 years.
    • You have the option to open a single account or a joint account.
    • Auto renewal facility is provided.

    Bandhan Bank FD Interest Rates

    The interest rates that are provided by Bandhan Bank for its FD schemes (Deposits below Rs.2 crore) are mentioned below:

    Tenure Regular Rate of Interest Rate of Interest for Senior Citizens
    7 days – 14 days 3.00% 3.75%
    15 days – 30 days 3.00% 3.75%
    31 days to less than 2 months 3.50% 4.25%
    2 months to less than 3 months 3.50% 4.25%
    3 months to less than 6 months 3.50% 4.25%
    6 months to less than 1 year 5.25% 6.00%
    1 year – 18 months 5.75% 6.50%
    More than 18 months but less than 2 years 5.75% 6.50%
    2 years to less than 3 years 5.75% 6.50%
    3 years to less than 5 years 5.50% 6.25%
    5 years – 10 years 5.50% 6.25%

    The above-mentioned interest rates are effective from 3 February 2021.

    FAQs on Bandhan Bank FD

    1. How do I open an FD with Bandhan Bank?

      You can open a fixed deposit account with Bandhan Bank by calling on the toll-free number, or applying online on the bank's official website, or by visiting your nearest branch.

    2. What kind of interest payouts are available with Bandhan Bank fixed deposits?

      Bandhan Bank fixed deposits offer interest payouts on a monthly or quarterly basis.

    3. Does Bandhan Bank offer fixed deposits with a reinvestment option?

      Yes, Bandhan Bank FDs have a reinvestment option with the scheme called FD Advantage where the interest is compounded on a quarterly basis and is added back to the principal amount to accrue interest for the duration of the deposit, with maturity periods ranging from 6 months upwards to 10 years.

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