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Bandhan Bank Fixed Deposit

Bandhan Bank FD Scheme

Last Updated 06th Jan 2021

Bandhan Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 3.00% to 6.00%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    Bandhan Bank FD

    Bandhan Bank is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, Bandhan Bank FD offers regular returns on fixed deposit ranging between 3.00% to 6.00%. For senior citizens, the interest rates on fixed deposits range between 3.75% to 6.75%. In addition to that, Bandhan Bank fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of Bandhan Bank Fixed Deposit Schemes

    Different type of Bandhan Bank term deposit products offered to the investors are listed as follows:

    Benefits of Bandhan Bank FD

    Bandhan Bank fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about Bandhan Bank FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, Bandhan Bank offers FD rates up to 6.00%. The interest rates offered on Bandhan Bank FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, Bandhan Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because Bandhan Bank fixed deposit allows one to borrow a secured loan against Bandhan Bank FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about Bandhan Bank loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: Bandhan Bank FD offers the investors the flexibility to choose the investment tenure as per their convenience. Bandhan Bank offers fixed deposit for a minimum tenure of up to a maximum tenure of . Bandhan Bank offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, Bandhan Bank fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the Bandhan Bank FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with Bandhan Bank means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from Bandhan Bank will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of Bandhan Bank fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for Bandhan Bank FD

    Bandhan Bank FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for Bandhan Bank FD

    Bandhan Bank fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.

    FAQs

    What is the loan against FD repayment tenure?

    Bandhan Bank offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under Bandhan Bank?

    Bandhan Bank FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in Bandhan Bank?

    The minimum amount required for a fixed deposit investment in Bandhan Bank fixed deposit is .

    What is the current interest rate on FD in Bandhan Bank?

    Currently, Bandhan Bank offers an interest rate ranging between 3.00% to 6.00% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in Bandhan Bank?

    Bandhan Bank fixed deposit can be opened with a minimum tenure of .


    Bandhan News - Jan 2021
    • 2020-07-16 : Bandhan Bank Q1 profit falls 32% at ₹550 crore
      Bandhan Bank posted a 32% drop in net profit at ₹550 crores for the quarter ended June 30, 2020, against ₹804 crores in the corresponding period last year. The Bank net interest income backed by retail loans like home, personal, gold, car and two-wheeler along with business loans and mudra loans grew by 15% to Rs 1,811 crore. In addition to this, the bank deposit which includes fixed and recurring deposits increased by 35.30% year-on-year to Rs 60,610 crore.
    • 2020-02-27 : Bandhan Bank to add 250 new banking outlets
      RBI relaxation spurred the Bandhan Bank to add 250 new banking outlet in the next one month. The increase in the branch is expected to bode well for business loans and retail loans like home and personal loans. Further, it will boost the Fds and Rds.
    • 2020-02-13 : Bandhan Bank revises interest rates for Term Deposits
      Bandhan Bank has revised interest rates for rupee term deposits w.e.f. Feb 13, 2020. The new rates for a tenure of 7 days to 14 days is 3.50%, for 15 days to less than 3 months the rate is 4.00%, for 3 months to less than 6 months the rate is 4.50%, and for 6 months to less than a year, it is 5.40%. For a period of 1 year to less than 3 years, the rate is 6.75% it is 6.60% for a tenure of 3 years to less than 5 years and 6.50 % up to 10 years.
    • 2020-01-09 : Bandhan Bank revised FD rates
      Bandhan Bank revised its FD rates which are in effect from 8 January 2020. Fixed deposits rates for 7 to 14 days is 3.50%, for 15 to days to 3 months it is 4%, for 3 months to 6 months the rate is 4.50% and rate for 6 months to 1 year is 6.70%. Further, FD rate for long tenors of 1 to 3 years stands at 6.95% and 3 to 10 years stands at 6.75%.
    • 2019-10-24 : Bandhan Bank earns profit in Q2
      Bandhan Bank reportedly earned a net profit near 100 percent in the second quarter of the present fiscal year. The reported net profit is Rs 487.65 crores. The bank claims that the resultant profit is due to the total amount of deposits made in the quarter, which increased to 49.26% to Rs 49,195 crores.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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