Latest Bandhan Bank Fixed Deposit Interest Rate | Bandhan Bank Revised FD Rates | Latest Fixed Deposit Interest Rate Bandhan Bank
Bandhan Bank is offering Term Deposits or Fixed Deposits (FDs) with interest rates ranging from 3.00 percent per annum to 5.60 percent per annum for domestic fixed deposits, with senior people receiving a 0.75 percent per annum bonus. The interest rate will be determined by the term of the FD, which might range from seven days to ten years. Here We will Discuss Bandhan Bank FD Rates 2022 If you wish to know more about Bandhan Bank Revised Fixed Deposit Rates then follow this article.
Table of Contents
NRI Fixed Deposit Rates at Bandhan Bank
Non-Resident Indians (NRIs) can invest in Bandhan Bank’s Term Deposits and Fixed Deposits. Non-Resident External (NRE) FDs, Non-Resident Ordinary (NRO) FDs, and Foreign Currency Non-Resident (Bank) Deposit (FCNR (B)) schemes are the three types of FDs accessible.
Bandhan Bank FD Schemes Types
The various types of Bandhan Bank Fixed Deposit are as follows
- Premium Fixed Deposit
- Standard Fixed Deposit
- Tax Saver Fixed Deposit
- Super Saver Fixed Deposit
- Dhan Samriddhi Fixed Deposit
- Advantage Fixed Deposit
Bandhan Bank FD Interest Rates Feb 2022
| Tenure | Senior Citizens (p.a) | General Public (p.a) |
| 7 days to 14 days | 3.75% | 3.00% |
| 15 days to 30 days | 3.75% | 3.00% |
| 31 days to less than 2 months | 4.25% | 3.50% |
| 2 months to less than 3 months | 4.25% | 3.50% |
| 3 months to less than 6 months | 4.25% | 3.50% |
| 6 months to less than 1 year | 5.25% | 4.50% |
| 1 year to 18 months | 6.00% | 5.25% |
| More than 18 months to less than 2 years | 6.00% | 5.25% |
| 2 years to less than 3 years | 6.25% | 5.50% |
| 3 years to less than 5 years | 6.35% | 5.60% |
| 5 years to up to 10 years | 6.35% | 5.60% |
Bandhan Bank FD Rates in India – Without Premature Payment Facility
| Tenure | Rs.2 crores to Rs.10 crore | More than Rs.10 crore to less than Rs.25 crore | Rs.25 crores to less than Rs.50 crore | Rs.50 crores to less than Rs.100 crore | Rs.100 crores and above |
| 7 days to 15 days | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| 16 days to 28 days | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| 29 days to 45 days | 3.60% | 3.60% | 4.00% | 4.00% | 4.00% |
| 46 days to 90 days | 3.60% | 3.60% | 4.00% | 4.00% | 4.00% |
| 91 days to 180 days | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
| 181 days to 364 days | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% |
| For 365 days | 6.05% | 6.50% | 6.50% | 6.50% | 6.50% |
| For 366 days | 6.05% | 6.50% | 6.50% | 6.50% | 6.50% |
| For 367 days to less than 15 months | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 15 months to less than 2 years | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 2 years to less than 3 years | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 3 years to less than 5 years | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 5 years to 10 years | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
Features of Bandhan Bank FD 2022
Some of the key features of the Bandhan Bank FD Rates 2022 are as follows:
- Bandhan Bank FDs have terms ranging from seven days to ten years. Furthermore, once a Bandhan Bank FD is started, it cannot be changed.
- Bandhan Bank Fixed Deposit rates: For regular residents, Bandhan Bank FD rates vary from 3% to 6%, while senior citizens’ rates range from 3.75 to 6.75 percent. In addition, Bandhan Bank provides older persons with an additional 0.75 percent interest rate on their FDs. On June 30th, September 30th, December 31st, and March 31st, Bandhan Bank pays interest.
- Except for the tax-saving FD, all Bandhan Bank FDs can be withdrawn prematurely. If the deposits are removed before the term of the FD has ended, the bank will incur a penalty. The penalty is determined by Bandhan Bank’s terms and conditions.
- Investors can choose to have their Bandhan Bank FDs automatically renewed
- The minimum and maximum investments in a Bandhan Bank Fixed Deposit are INR 1,000 and INR 50,000, respectively. Each form of Bandhan Bank FD has a separate minimum investment. Except for tax-saving FDs, which have a ceiling of INR 1, 50,000, there is no limit on the maximum amount of investment.
- Bandhan Bank FD investors have the option of naming beneficiaries for their accounts.
- Bandhan Bank offers loans against their fixed deposit accounts. Investors can acquire a loan against their Bandhan Bank FD investment worth up to 90% of the deposit amount. In addition, the loan’s interest rate will be 1.5 percent to 2% more than the FD rate. Furthermore, the loan’s term is limited to the Bandhan Bank FD’s term.
- All Bandhan Bank deposits are covered by the RBI’s Deposit Insurance Scheme. All Bandhan Bank deposits up to INR 5,000 are covered by the scheme.
Bandhan Bank Mobile Number Registration
Eligibility Criteria for Bandhan Bank FDs
Users who want to invest in Bandhan Bank FDs must fulfill the eligibility criteria put forward by the Government of India. The eligibility criteria for investing in Bandhan Bank FDs are as follows
- Minors
- Partnership firms
- NRIs
- Resident individuals
- HUFs
Required Documents
To invest in Bandhan Bank FDs, some important documents will be needed by the users, make sure to keep them handy. The documents required for Bandhan Bank FD Rates 2022 are as follows:
- Passport size photograph
- Valid Identity proof like Aadhar Card, Driver’s license, Pan Card
- Valid Address proof Aadhar Card, Passport, Voter ID, electricity bill, etc.
- Form 15H or Form 15G.
- PAN Card
Steps to Open a Bandhan Bank FD Deposit Account
There are various methods through which a user can create a Bandhan Bank FD Deposit Account i.e.,
- Internet Banking
- Mobile App
- Offline Mode
Internet Banking
Users need to follow the below-given steps to apply for the Bandhan Bank FD account using Internet Banking:
- First of all, login to your Bandhan Bank Net Banking Account
- Under the Main menu tab, click on the Fixed Deposit
- After that select the type of FD
- Now, fill in all the required details like nominee information, and maturity instructions
- Finally, click on the Submit button to complete the deposit opening process
Through Mobile App
Users need to follow the below-given steps to apply for the Bandhan Bank FD account Through Mobile App
- First of all, download the Bandhan Bank App
- Now log in to your registered account
- After that select the type of FD under the Fixed Deposit option
- Now, fill in all the required details like nominee information, and maturity instructions
- Finally, click on the Submit button to complete the deposit opening process
Offline Mode
Users need to follow the below-given steps to apply for the Bandhan Bank FD account through an offline mode:
- First of all, visit your nearest Bandhan Bank branch
- Get the Bandhan Bank FD application form
- Now fill out the Bandhan Bank FD application form with all the required details
- After that attach all the required documents along with the deposit amount
- Finally submit the form to the relevant authority
FAQs
Yes, you can take money out of your account before it expires.
The senior citizen rates are solely applicable to domestic Bandhan Bank fixed deposits and not to NRI fixed deposits.
Yes, on domestic Term Deposits, elderly individuals are eligible for 0.75 percent higher FD rates.