Bandhan Bank FD Interest Rate, Returns and Benefits

Bandhan Bank FD offers a competitive interest rate of up to 6.50% per annum, making it an attractive option for fixed deposit investors.

The bank's FD interest rates are tiered, with higher interest rates offered for larger deposit amounts. For example, a deposit of ₹10 lakhs or more earns an interest rate of 6.50% per annum.

The interest rates are compounded quarterly, which means you'll earn interest on your interest, leading to higher returns over time. This can be a significant advantage for long-term investors.

Bandhan Bank FD offers a range of deposit tenure options, from 7 days to 10 years, allowing you to choose a maturity period that suits your financial goals.

The rate of interest paid on a fixed deposit varies according to the amount deposited, period, and the issuing bank. The general rule of thumb is, the longer the term of deposit, the higher the rate of interest, though a bank may also offer a lower rate of interest for a longer tenure if the rates are expected to fall in the future.

Bandhan Bank Interest Rates typically range from 3% - 9% per annum. This is a relatively competitive rate compared to other banks.

For a tenure of 7 days to 14 days, the interest rate for General Citizens is 3% per annum, while for Senior Citizens, it's 3.75% per annum. This means that Senior Citizens receive a higher interest rate than General Citizens for shorter-term deposits.

Here's a breakdown of the interest rates for different tenures:

For longer-term deposits, the interest rates are significantly higher, with rates ranging from 5.85% to 7.75% per annum. This makes Bandhan Bank a good option for those looking to save for the long-term.

Bandhan Bank FD interest rates offer a range of options for investors. The highest rate is 8.35% for senior citizens for a one-year FD.

The interest rates vary depending on the tenure of the FD. For example, for 7 days to 14 days, the rate is 3% for general citizens and 3.75% for senior citizens.

Here's a breakdown of the interest rates for different tenures:

Bandhan Bank Fixed Deposits offer a range of features and benefits that make them an attractive option for investors. You can choose from a variety of tenures, from 7 days to 10 years, to suit your needs.

The minimum deposit required to start an FD is just Rs 1000, making it accessible to a wide range of investors. Standard FDPremium FDTax saving FDAdvantage FDDhan Samriddhi FDSuper Saver FD are some of the types of FDs offered by Bandhan Bank, each with its own unique features and benefits.

Bandhan Bank Fixed Deposits also offer additional benefits, such as tax savings under Section 80TTA of the Income Tax Act, and higher interest rates for senior citizens and high-value deposits.

Bandhan Bank offers a range of fixed deposit options to suit different needs and financial goals.

You can choose from various tenures, ranging from 7 days to 10 years, with the most popular option being the Standard FD. This type of FD requires a fixed period of investment at a predetermined interest rate.

One of the key benefits of Bandhan Bank's fixed deposits is the option to withdraw interest income regularly, as seen in the Advantage FD. This type of FD allows you to part withdraw or prematurely close your deposit, making it a flexible option for those who need access to their funds.

Tax savings are also a significant benefit of Bandhan Bank's fixed deposits. The Tax Saver FD, for example, offers an exemption of up to Rs 1,50,000 under Section 80C of the Income Tax Act, 1961. This means that you can save taxes while earning assured returns on your investment.

Here are some key features and benefits of Bandhan Bank's fixed deposits:

In addition to these features and benefits, Bandhan Bank also offers special rates for senior citizens, with an extra 0.5% interest rate added to their FDs. This is a great option for those who are nearing retirement or are already retired, as it provides an additional source of income.

Overall, Bandhan Bank's fixed deposits offer a range of options to suit different needs and financial goals, making them a great choice for those looking to save and invest their money.

You can open a fixed deposit account with Bandhan Bank through their mobile application or by visiting a branch.

To download the mobile application, go to the app store or play store and search for Bandhan Bank.

You can also open an FD account by visiting a branch in person.

Fill in all the required details and submit the necessary documents to the branch.

On successfully processing the application, the bank will provide an FD receipt.

To open an FD account through the mobile application, select the 'Open Fixed Deposit' option after logging in.

Then, enter all your personal details and nominate a beneficiary.

Verify all the details and click confirm to book a new deposit.

If you're looking to invest in a fixed deposit with Bandhan Bank, it's essential to know the interest rates for deposits below Rs. 2 crores.

The interest rates for Bandhan Bank FDs below 2 crores are the same as those for general citizens, regardless of the tenure.

For tenures between 7 days and 14 days, the interest rate is 3%. For 15 days to 30 days, it remains the same at 3%.

Interest rates for deposits between 31 days and less than 2 months are 3.50% for general citizens, while senior citizens get 4.25%.

Bandhan Bank offers higher interest rates for longer tenures, with 4.50% for 2 months to less than 3 months, and the same rate for 3 months to less than 6 months.

The interest rates for deposits between 6 months and less than 1 year, 1 year to 499 days, and 500 days (1 year, 4 months, 14 days) are 4.50%, 7.25%, and 7.85% respectively.

Here's a summary of the interest rates for deposits below 2 crores: