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Bandhan Bank RD Interest Calculator

RD Calculator Bandhan in India Jul 2021

Last Updated 16th Jul 2021

Tenure General Rates Senior Citizen Rates
6 months to 364 days 5.40% 6.15%
1 year to 18 months 6.75% 7.50%
18 months 1 day to 1 year 364 days 6.75% 7.50%
5 years to 10 years 6.50% 7.25%
2 years to 3 years 6.75% 7.50%
3 years 1 day to 5 years 6.60% 7.35%

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    Bandhan Bank RD Calculator
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    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.75%60 MonthsAPPLY
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    Bandhan Recurring Deposit Calculator

    Bandhan Bank, a leading Private Bank in India offers attractive interest rates upto 6.75% on its Recurring deposits.
    RD maturity amount that you will get depends upon

    • Deposit amount
    • Rate of interest
    • RD tenure
    • Compounding frequency
    • TDS applicability and TDS rate

    Bandhan Recurring Deposit Interest Calculator

    • In a periodic interest payout option, Bandhan Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
    • In case you opt for a Bandhan Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
    • Calculate the RD maturity amount using the RD calculator.

    Tax on Recurring Deposit Bandhan Bank

    • In case the interest earned by you across all your recurring deposits across all branches of Bandhan Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Bandhan Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
    • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your Bandhan Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
    • Bandhan Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

    Bandhan RD interest rate calculator – Check your city

    • Keep your KYC documents - PAN card, address proof and photo ready.
    • To know more or apply, contact any of the branches of Bandhan Bank in your city

    FAQs

    What is the highest interest earned on Bandhan Bank recurring deposit?

    You can earn a maximum interest of 6.75% on Bandhan Bank recurring deposit.

    Are there any extra benefits for senior citizens on fixed deposit of Bandhan Bank?

    Yes, senior citizens get extra benefit of 0.75% interest rates on their RD in Bandhan Bank.


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    Bandhan News - Jul 2021
    • 2021-06-14 : Bandhan Bank revises interest rates for Term Deposits
      Bandhan Bank has revised interest rates for rupee term deposits w.e.f. June 07, 2021. The new rate for a tenure of 7 days to 30 days is 3%, for 31 days to Less than 6 months the rate is 3.50%, for 6 months to less than a year, it is 4.50%. For a period of 1 year to less than 3 years, the rate is 5.50%. For a tenure of 3 years to less than 5 years, the rate is 5.25% and for 5 years to 10 years, the rate stands at 5%.
    • 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.
    • 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.
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