Bandhan Bank offers the Tax Saver Fixed Deposit Scheme that allows you to enjoy the tax saving benefits under Section 80C of the Income Tax Act, 1961. The FD scheme offers nomination facility and can be invested in to for a period of 5 years to 10 years.
Bandhan Bank FD Tax Saver Scheme interest rates are 7.00% p.a. for the general public and 7.50% p.a. for senior citizens. Senior citizens are eligible for an additional interest rate of 0.75% p.a.
The rate of interest offered by the bank for the Bandhan Bank FD Tax Saver Scheme is 7.00% p.a. for general public and 7.50% p.a. for senior citizens.
The features and benefits of the Yes Bank Tax Saver Fixed Deposit Scheme can be summed up as follows:
Account type | Term deposit |
Amount | Minimum: Rs.1,000 Maximum: Rs.1.5 lakh (in one financial year) |
Period | Minimum: 5 years Maximum: 10 years |
Interest rate* | General citizens: 7.00% p.a. up to amount less than Rs.3 crore Senior Citizens: 7.50% p.a. up to amount less than Rs.3 crore |
Premature withdrawals | Not Available |
Loan or Overdraft Facility | Available |
Nomination | Available |
*Note: The rates of interest mentioned here are effective from 4 December 2023. The rates are subject to change at the discretion of the bank.
The Bandhan Bank FD Tax Saver Interest Rate Calculator allows you to ascertain your maturity amount at the end of your tenure. Through this online tool, you can directly enter your deposit amount, the current rate of interest, and the tenure of maturity and process the data to find out the maturity amount.
You can consider checking the Bandhan Bank FD Interest Rates before you use the calculator to figure out the returns on your investment.
In order to open a FD Tax Saver account with Bandhan Bank online, you can simply follow the steps which are mentioned below:
Alternatively, if you are an existing customer of Bandhan Bank and you have an active internet banking portal, you can log in to the same and open the Bandhan Bank FD Tax Saver Account directly from the portal.
Listed below are some of the most important information that you need to know before opening a tax saver FD account with Bandhan Bank:
Documents Required* |
|
Benefits of Bandhan Bank Tax Saver FD |
|
*Note: The list of documents is indicative. You might be required to provide additional documents for the process as per the requirement of the bank.
The Traditional Plan (FD - Standard) is an investment plan wherein you earn interest on monthly or quarterly basis as per your choice. The maturity tenure for this plan ranges from 7 days to 10 years.
The Reinvestment Plan (FD - Advantage) is an investment plan wherein you earn compound interest on quarterly basis and the same is reinvested along with the principal amount. The maturity tenure for this plan ranges from 6 months to 10 years.
No, you cannot make a premature withdrawal from the tax saver FDs. The lock-in period for the Bandhan Bank FD Tax Saver scheme is 5 years to 10 years.
Bandhan Bank allows you to use a number of different methods to open a FD account. You can use internet banking or phone banking to open your account. Alternatively, you can also visit the nearest branch office of the bank or submit the application form for the bank representatives to get in touch with you.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.