Bandhan Bank Savings Account

To cater to the needs of its clientele, the bank has launched several products, one of them being savings accounts. Bandhan offers individuals attractive rates of interest in an effort to encourage them to save.

Bandhan Bank Savings Account Interest Rate:

Note: The rates of interest mentioned above are applicable as of 30 March 2024.

Minimum Balance Requirements for Bandhan Bank Savings Accounts:

Bandhan Bank's minimum balance requirements are given below:

Types of Bandhan Bank Savings Accounts:

The types of Bandhan Bank Savings Account are given below:

1. Neo+ Digital Savings Account

1. Elite Savings Account

1. Premium Savings Account

1. Advantage Savings Account

1. Respect Programme – For Senior Citizens

1. Standard Savings Account

1. Sanchay Savings Account

1. Neo+ Digital Savings Account

2. Elite Savings Account

3. Premium Savings Account

Additional Benefits:

1. Free cheque books
2. Phone banking and fund transfers
3. Dining and shopping privileges
4. Invitations to events like exhibitions and concerts

4. Advantage Savings Account

Additional Benefits:

1. Higher interest rate
2. Increased transaction limits
3. Free ATM withdrawals
4. Any branch banking

5. Respect Programme – For Senior Citizens

6. Standard Savings Account

Additional Benefits:

1. High interest rates
2. Low balance requirement
3. Transaction alerts
4. Online fund transfer and phone banking

7. Sanchay Savings Account

Highlights:

1. Premium account services without high balance maintenance
2. SMS alerts, net banking, mobile banking
3. Any branch banking access

Opening a Bandhan Bank Savings Account:

Those individuals seeking to open a savings account with Bandhan Bank can do so through two mediums- online account opening as well as offline account opening.

To open a Savings Account online, applicants can visit the bank's official website and select thee Savings Account tab from the "Products" section. They can choose the type of Savings Account they wish to open and click on "Apply". They will be taken to a page where they will have to enter their details, after which a bank representative will contact them regarding opening an account. They can also choose to download the application forms and fill in the relevant information. The filled in forms can be submitted at the nearest Bandhan Bank branch, where the information will be verified. Once the bank has completed their processes, the account holder will be issued a Starter Kit and can begin using the Savings Account.

For those who do not have access to the web, the Savings Account can be opened by visiting the bank branch and collecting the Account Opening Form. The applicant will have to fill in the required details and submit the filled in form to the branch, whereupon the bank will verify the information and then issue the applicant with his Starter Kit.

Eligibility Criteria for Bandhan Bank Savings Account

Indian citizens can open a Savings Account with the bank. The eligibility criteria for Bandhan Bank Savings Accounts are as follows:

1. Hindu Undivided Families
2. Individuals (singly or jointly)
3. Trusts, associations, government bodies, religious institutions, clubs etc

Account Opening Documents:

The following documents have to be submitted when opening a Savings Account:

1. Proof of identity
2. Proof of residence
3. Photographs

Proof of identity documents

Any one of the below documents can be submitted as proof of identity to open a Savings Account:

1. Voter's ID card
2. Permanent Account Number (PAN) card
3. Passport
4. Government issued photo identity
5. Driving licence
6. Aadhaar card

Proof of residence documents

Any one of the following documents can be submitted as proof of residence to open a Savings Account:

1. Passport
2. Aadhaar card
3. Utility bills (electricity bill, telephone bill)
4. Bank account statement

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.