Bandhan Bank FD provides preferential rates for senior citizens, a variety of interest payment methods, and tax advantages, all while providing a buffer against market uncertainties. Continue reading for a comprehensive understanding of the different and latest types of Bandhan Bank FD rates.
Bandhan Bank provides an array of competitive fixed deposit options with varying Bandhan Bank FD interest rates to cater to your financial needs.
These Bandhan Bank FD interest rates 2023 are applicable to retail deposits under ₹2 crores. Please note that senior citizen rates are exclusive to Indian residents; non-resident Indians (NRIs) do not qualify for these rates. These attractive Bandhan Bank FD rates help to ensure you make the most of your investments.
How to Use Bandhan Bank FD Calculator for Bandhan Bank FD Interest Rates
The Bandhan Bank FD Calculator is a straightforward online tool designed to estimate the maturity amount you can earn from your fixed deposit at Bandhan Bank. With the Bandhan Bank FD Calculator, it’s simple to gauge the potential returns, allowing you to better plan your finances.
To use the Bandhan Bank FD Calculator, input your investment amount, the tenure of your deposit, and the compounding period. Based on the Bandhan Bank FD rates and the details you’ve provided, the calculator will estimate your Bandhan Bank FD interest rate and maturity amount.
Bandhan Bank FD Rates for General Citizens (Domestic Deposit)
For the general public, Bandhan Bank offers interest rates ranging from 3.00% to 7.85% per annum, based on the tenure of the deposit, which can be from 7 days to 10 years.
Table 1: Bandhan Bank FD rates today for general citizens (for domestic deposits less than Rs 2 crore)
Tenure | Interest Rates (p.a.) |
7 days to 14 days | 3.00% |
15 days to 30 days | 3.00% |
31 days to less than 2 months | 3.50% |
2 months to less than 3 months | 4.50% |
3 months to less than 6 months | 4.50% |
6 months to less than 1 year | 4.50% |
1 year to 499 days | 7.25% |
500 days (1 year, 4 months, 11 days) | 7.85% |
501 days to less than 2 years | 7.25% |
2 years to less than 3 years | 7.25% |
3 years to less than 5 years | 7.25% |
5 years to up to 10 years | 5.85% |
Bandhan Bank FD Rates for Senior Citizens (Domestic Deposit)
For the elderly, who often rely on interest income for their expenses, Bandhan Bank FD interest rates for senior citizens are designed to offer an extra edge, ranging from 3.75% to 8.35% per annum on the same tenures.
Table 2: Bandhan Bank FD rates for senior citizens (domestic deposit of less than Rs 2 crore)
Tenure | Interest Rates (p.a.) |
7 days to 14 days | 3.75% |
15 days to 30 days | 3.75% |
31 days to less than 2 months | 4.25% |
2 months to less than 3 months | 5.25% |
3 months to less than 6 months | 5.25% |
6 months to less than 1 year | 5.25% |
1 year to 499 days | 7.75% |
500 days (1 year, 4 months, 11 days) | 8.35% |
501 days to less than 2 years | 7.75% |
2 years to less than 3 years | 7.75% |
3 years to less than 5 years | 7.75% |
5 years to up to 10 years | 6.60% |
H2: Bandhan Bank Tax Saver Deposit
If you want to save tax while earning a decent return there is something called Tax Saving FD Scheme with attractive Bandhan Bank FD interest rates:
Table 3: Bandhan Bank FD rates for Tax Saver Deposits
Tenure | Interest Rates (% p.a.) |
5 years – 10 years | 5.85 (Regular Citizens) |
6.60 (Senior Citizens) |
Bandhan Bank FD Rates for NRIs
Bandhan Bank also provides Bandhan Bank FD schemesfor NRIs under several schemes like:
H3: NRE Fixed Deposit
- Minimum deposit amount is Rs 1,000.
- Flexible tenure ranging from 1 year to 10 years.
- The principal and the interest earned are freely and fully repatriable.
- Automatic renewal facility provided upon maturity.
- Competitive Bandhan Bank FD rates ensure attractive returns.
- Nomination and loan/overdraft facilities are available.
- Allows for premature closure of the FD.
- Provides options for quarterly or monthly interest payouts.
NRO Fixed Deposit
- Minimum deposit amount is Rs 1,000.
- Tenure ranges from 7 days to 10 years.
- Permits repatriation of funds up to USD 1 million per financial year.
- Interest earned within the current financial year is fully repatriable.
- Includes an automatic renewal facility on maturity.
- Provides loan/overdraft and nomination facilities.
- Allows premature closure of the FD.
- Offers the choice of quarterly or monthly interest payouts.
- Competitive Bandhan Bank FD rates maintain the scheme’s appeal.
Foreign Currency Non-Resident (FCNR – B) Fixed Deposit
- Allows depositors to hold currencies in US Dollars (USD), Euro (EUR), and Pound Sterling (GBP).
- Minimum deposit amounts are USD 1,000, GBP 1,000, and EUR 1,000.
- The scheme’s tenure ranges from 1 year to 5 years.
- Both the principal and interest earned are freely and fully repatriable.
- Offers an automatic renewal facility upon maturity.
- Bandhan Bank FD interest rates 2023 for the scheme are competitive.
- Includes a nomination facility.
Table 4: Bandhan Bank FD rates for FCNR-B w.e.f. July 2023
Tenure | USD | GBP | EUR |
1 year to less than 2 years | 4.56% | 4.68% | NA |
2 years to less than 3 years | 4.56% | NA | NA |
3 years to less than 4 years | 4.56% | NA | NA |
4 years to less than 5 years | 4.56% | NA | NA |
5 years only | 3.56% | NA | NA |
Bandhan Bank obtained in-principle approval from the Reserve Bank of India (RBI) in April 2014. On June 17, 2015, the RBI granted Bandhan Bank a banking license, becoming the first microfinance institution in India to become a universal bank.
The 3-year Fixed Deposit (FD) interest rate in Bandhan Bank is 7.25%.
Bandhan Bank ensures the safety of fixed deposits through the Deposit Insurance Scheme provided by the RBI. The scheme covers All Bandhan Bank deposits, offering protection for deposits up to INR 5,00,000.
Bandhan Bank FD rates range from 3.00% to 7.85% per annum for the general public and 3.75% to 8.35% per annum for senior citizens. These rates are applicable for FD tenures ranging from 7 days to 10 years.
Senior citizens can avail FD interest rates ranging from 3.75% to 8.35% per annum at Bandhan Bank.