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Bandhan FD Interest Rates 2021

Bandhan FD Interest Rates

Last Updated 16th Jul 2021

When it comes to the FD interest rate, the highest rate offered on Bandhan Bank FD is 5.50%. Latest Bandhan Bank FD interest rate for senior citizens, on the other hand ranges between 3.75% to 6.25%.

Tenure FD interest rates Senior Citizen FD interest rates
7 days to 14 days 3.00% 3.75%
15 days to 30 days 3.00% 3.75%
31 days to 1 month 29 days 3.50% 4.25%
2 months to 2 months 29 days 3.50% 4.25%
3 months to 5 months 29 days 3.50% 4.25%
Earn upto 6.95% on FD APPLY NOW

Bandhan Fixed Deposit Features

Bandhan Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of Bandhan Bank Fixed Deposit are:

  • Deposit Amount : Bandhan Bank FD can be opened with an amount as a low to up to No Limit.
  • FD Tenure : Ranges between 7 days to 2 years 364 days.
  • Interest Rate Range : 3.00% p.a. to 5.50% p.a.
  • Senior Citizens FD Rate : 3.75% p.a to 6.25% p.a.
  • Highest Interest Rate : As per today’s rate, Bandhan Bank’s highest interest rate on FD is 5.50% offered for a tenure of 2 years 364 days.
  • Safety of Bandhan Bank Deposits : Bandhan Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : Bandhan Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Standard Fixed Deposits

Bandhan Bank FD Interest Rates Today

Interest rates on Bandhan Bank deposits are updated regularly by the Government of India. The following are updated Bandhan Bank FD interest rates 2021:

Tenure Interest Rate
7 days to 14 days 3.00%
15 days to 30 days 3.00%
31 days to 1 month 29 days 3.50%
2 months to 2 months 29 days 3.50%
3 months to 5 months 29 days 3.50%
6 months to 364 days 4.50%
18 months 1 day to 1 year 364 days 5.50%
1 year 1 day to 18 months 5.50%
2 years to 2 years 364 days 5.50%
3 years to 4 years 364 days 5.25%
5 years to 10 years 5.00%

Bandhan Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, Bandhan Bank offers a higher interest rate to senior citizens than the general public. Listed below are the Bandhan Bank fixed deposits interest rates for senior citizens 2021:

Tenure Interest Rate for senior citizens
7 days to 14 days 3.75%
15 days to 30 days 3.75%
31 days to 1 month 29 days 4.25%
2 months to 2 months 29 days 4.25%
3 months to 5 months 29 days 4.25%
6 months to 364 days 5.25%
18 months 1 day to 1 year 364 days 6.25%
1 year 1 day to 18 months 6.25%
2 years to 2 years 364 days 6.25%
3 years to 4 years 364 days 6.00%
5 years to 10 years 5.75%

Best FD Plan as per Bandhan Bank FD Rates

To invest in Bandhan Bank fixed deposit, you must compare Bandhan Bank Fixed Deposit Rates for varying tenures. Bandhan Bank FD Interest Rates 2021 are best for the deposits with a tenure of 1 year 1 day to 2 years 11 months 4 days, wherein the current Bandhan Bank Fixed Deposit Interest Rates is 5.50 p.a.

If you are looking to invest in short term deposits with Bandhan Bank, the interest rate of Bandhan Bank for FD ranges from 3.00% p.a. to 4.50% p.a. These deposits are known as short term deposits and are offered with a tenure of 7 days to less than 365 days. Short term Bandhan Bank Fixed Deposit Rates for senior citizens range from 3.75% to 5.25% p.a.

If you want to invest in long term deposits, Bandhan Bank Fixed Deposit Rates with tenure ranging from 5 years to 10 years are a good choice with interest rates on deposits at 5.00%.Bandhan Bank Senior citizens FD Rates are offered at special rates with the highest deposit rates of5.75% p.a. on long term FDs.

Below-mentioned is some of the benefits of opening an FD account in Bandhan Bank:

  • Interest on deposit is paid only at the time of the maturity
  • Bandhan Bank also offers a nomination facility on its fixed deposits.
  • Extra interest of 0.25% to 0.50% is payable to the senior citizens.
  • Availability of auto-renewal facility on the deposit.
  • Earn higher returns on the money deposited.

Bandhan Bank Fixed Deposit Rate Trends

Bandhan Bank has cut interest rates on fixed deposits with effect from 14 Jun, 2021. The new Bandhan Bank highest FD rate is currently at 5.50%, which is an decrease of 0.75% from the previous highest rate of 6.25%. Currently, Bandhan Bank FD rate for upto 1 year is 3.00% and 5.50% for 5 year FD.

Bandhan Bank Fixed Deposit Rates – Premature Withdrawal

You can close your Bandhan Bank FD account prematurely, however Bandhan Bank charges a penalty of for premature withdrawal. Also, The penal provisions for premature closure on Bandhan Bank FD are subject to change from time to time and may also vary with deposit schemes.

Loan against Fixed Deposit Bandhan Bank

Bandhan Bank offers loans up to 0% against its own deposit. Note that Bandhan Bank will not give you loan against FD of any other bank. Bandhan Bank offers Loan against FD at the rate of 4% to 6.5%

FD Account Opening Process at Bandhan Bank

To open an Bandhan Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of Bandhan Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the Bandhan Bank FD after reading the terms and conditions.

To open a Fixed Deposit account in Bandhan Bank, you can visit the official website and login to your account. Choose the Fixed Deposit option from the menu and select the Type of FD you want to open and proceed. After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency. Click on Submit to open the Bandhan Bank FD after reading the terms and conditions.

Nomination Facility on Bandhan Bank FD

Bandhan Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an Bandhan Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

FAQs

What is the highest fixed deposit interest rate for Bandhan Bank?

You can earn a maximum interest of 5.50% on Bandhan Bank fixed deposit.

Are there any special rates for senior citizens FD of Bandhan Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 3.00% to 5.50%. Compared to this, Bandhan Bank senior citizens FD are in the range of 3.75% to 6.25%.

What are the current Bandhan Bank FD interest rates 2021?

Current interest for FD in Bandhan Bank ranges between 3.00% - 5.50%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with Bandhan Bank?

The minimum deposit amount required to book an FD with Bandhan Bank is .

Did Bandhan Bank increase FD rates in 2021?

No, Bandhan Bank has reduced its Fixed Deposit rates by upto 0.75%. The best rate on Bandhan Bank FD has been cut to 5.50% from 6.25% earlier. The fixed deposit rates of Bandhan Bank are now in the range of 3.00% to 5.50% with effect from 14 Jun, 2021.

Is it possible to change the tenure of my existing fixed deposit account with Bandhan Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with Bandhan Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in Bandhan Bank?

Yes, you can submit your application for opening an FD account on the website of Bandhan Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in Bandhan Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 5.50%. For Bandhan Bank FD the number of years in which your FD will get doubled is; 72/5.50 = 13

What is the interest of 1 lakh in the Bandhan Bank?

The interest on Bandhan Bank fixed deposit depends on the tenure of the FD for which it is deposited. Below mentioned is the Bandhan Bank FD interest rate 2021 across different tenures.

TenureInterest Rate
7 days to 14 days 3.00%
15 days to 30 days 3.00%
31 days to 129 days 3.50%
2 months to 2 months 29 days 3.50%
3 months to 5 months 29 days 3.50%
6 months to 364 days 4.50%
18 months 1 day to 1 year364 days 5.50%
1 year 1 day to 18 months 5.50%
2 years to 2 years 364 days 5.50%
3 years to 4 years 364 days 5.25%
5 years to 10 years 5.00%


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Bandhan News - Jul 2021
  • 2021-04-13 : Bandhan Bank’s collection efficiency ratio at 96% in Q4
    Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores.
  • 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%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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