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Bandhan Bank RD Interest Rates 2020

Bandhan Bank offer its customers the option of opening a recurring deposit account. Courtesy the RD account, you can save a certain amount of money every month and build up a lump sum over a specific period of time.

The bank offer customers a variety of tenures. The rate of interest offered for various tenures when it comes to a RD account is in the range of 5.15% p.a. to 6.15% p.a. for the general public. Senior citizens are offered an additional interest of 0.75% p.a. for all deposit tenures.

Tenure Regular RD Interest rates (p.a.) Senior citizen RD interest rates (p.a.)
6 months to less than 12 months 5.15% 5.90%
12 months to 18 months 6.25% 7.00%
18 months 1 day to less than 24 months 6.15% 6.90%
24 months to less than 36 months 6.15% 6.90%
36 months to less than 60 months 6.10% 6.85%
60 months to 120 months 6.00% 6.75%

Note: The interest rates mentioned here for investments that is less than Rs.2 crore and is effective from 19 June 2020

Bandhan Bank Short Term Recurring Deposit Interest Rates

Short-term recurring deposits are those which are opened for a tenure that ranges between 6 months to less than a year. If you invest in a short-term RD account, the rate of return offered by the bank is 5.15% p.a. for general citizens and 5.90% p.a. for those who are above 60 years of age.

Bandhan Bank Medium term Recurring Deposit Interest Rates

An RD account opened for a period that ranges between 1 year to less than 3 years falls under the bracket of medium-term recurring deposits. The rate of interest offered by Bandhan Bank to general citizens on such tenures is in the range of 6.15% p.a. to 6.25% p.a. Senior citizens are offered in the range of 6.90% p.a. to 7.00% p.a. for opening a medium-term RD account with the bank.

Bandhan Bank Long term Recurring Deposit Interest Rates

For long term RDs, the bank offers interest in the range of 6.00% p.a. to 6.10% p.a. to general citizens. Senior citizens are offered in the range of 6.75% p.a. to 6.85% p.a. Long-term RDs are those which are opened for a period that ranges between 3 years and 10 years.

FAQs On Bandhan Bank Recurring Deposit Account

  1. What is the minimum amount for which a RD account can be opened with Bandhan Bank?

    An RD account can be opened with Bandhan bank for an amount that is as small as Rs.100.

  2. Does Bandhan Bank offer the passbook, nomination, and overdraft facility with the RD account?

    Yes, the bank provides the passbook, nomination, and overdraft facility with the RD account. The overdraft facility can be availed after 3 months.

  3. What is the minimum and maximum tenure for which an RD account can be opened with the bank?

    The minimum and maximum tenure for which an RD account can be opened with Bandhan bank is 6 months and 10 years respectively.

  4. Is the option of opening a single or joint RD account available?

    Yes, the option is provided by the bank.

  5. Do I need to submit proof of age for availing senior citizen rates?

    Yes, to avail senior citizen rates you will need to submit proof of age.

  6. What is the minimum amount that one requires to deposit in order open a recurring deposit account with Bandhan Bank?

    The minimum amount that one requires to deposit in order open a recurring deposit account with Bandhan bank is Rs.100.

  7. What are the different ways in which a person can open a recurring deposit account with Bandhan bank?

    A person can open a RD account with Bandhan Bank by applying on the bank’s official website, visiting the nearest branch of the bank or by calling on 033-6633 3333 or 1800 258 8181.

  8. What are the documents to be submitted to open a recurring deposit account with Bandhan bank?

    The documents required for opening a recurring deposit account with Bandhan bank are:

    • Application form
    • Passport size photograph of the applicant
    • PAN card, ID card and a proof of address of the applicant
    • KYC documents if the bank asks for it.

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