Fixed deposits (FDs) are a safe, reliable way to grow your savings with guaranteed returns and low risk. Whether you are saving for future goals, building an emergency fund, or planning retirement, FDs offer predictable interest over a fixed tenure. Bandhan Bank provides a variety of fixed deposit schemes with competitive interest rates and flexible tenures to suit different needs.
Below is an updated overview of Bandhan Bank fixed deposit interest rates and useful information on how to manage your deposit.
An Overview of Bandhan Bank FD Rates
Bandhan Bank offers several FD products; interest rates vary according to tenure, deposit amount and customer category.
Key offerings include:
- Standard Fixed Deposit: Tenures range from 7 days to 10 years. Rates start from around 3% per annum for small deposits (for example, above ₹100 up to ₹1 lakh).
- Premium Fixed Deposit: Designed for high-value deposits, typically above ₹10 lakh, with higher interest rates starting near 7% per annum.
- Tax Saver Fixed Deposit: A 5-year FD that offers tax benefits under applicable law. Current rates are approximately 7% per annum for regular customers and about 7.50% per annum for senior citizens.
- Advantage Fixed Deposit: Available for tenures from 6 months to 10 years, with competitive rates that may start around 4.50% per annum for deposits above ₹1 lakh.
- Dhan Samriddhi Fixed Deposit: A short-term focused FD with compounded interest to help maximize returns for brief saving horizons.
Bandhan Bank FD Rates for Senior Citizens
Senior citizens receive additional benefits through higher interest rates on FDs. These enhanced rates are designed to help retirees maximize income from their savings.
Typical rates for senior citizens include:
- 1 Year FD: 8.55% per annum
- 1 Year to 499 Days: 7.75% per annum
- 500 Days to Less than 2 Years: 7.75% per annum
- 2 Years to Less than 3 Years: 7.75% per annum
- 3 Years to Less than 5 Years: 7.75% per annum
- 5 Years to 10 Years: 6.60% per annum
How to Check Your FD Balance
Checking your Bandhan Bank FD balance is quick and convenient. Available channels include:
- Internet Banking: Log in to your Bandhan Bank net banking account to view FD details, maturity date and interest credited.
- Mobile Banking: Use the Bandhan Bank mobile app to check account and FD balances on the go.
- Customer Care: Call Bandhan Bank’s customer service for assistance and balance enquiries.
- Branch Visit: Visit your nearest branch to request an FD statement or confirm balances in person.
Steps to Transfer Your Bandhan Bank FD to Another Bank
You may choose to transfer or close an FD and reinvest in another bank to take advantage of better rates or features. The typical steps are:
- Contact the Receiving Bank: Inform the bank where you want to reinvest and confirm their FD opening or transfer process.
- Submit Documents: Provide required documentation such as your FD receipt and KYC documents to the receiving bank.
- Complete Transfer Formalities: Follow the steps and forms specified by the receiving bank; this may include filling transfer request forms, obtaining a closure statement from Bandhan Bank, and arranging fund settlement.
Bandhan Bank’s fixed deposit options offer a secure way to grow savings with assured returns and flexible tenures. FDs remain a reliable choice for risk-averse investors seeking predictable income and capital protection.
FAQs on Bandhan Bank FD Rates
What is the highest Bandhan Bank FD rate today?
The highest rate shown here is 8.55% per annum for senior citizens on a 1-year deposit.
How can I check my fixed deposit balance in Bandhan Bank?
You can check your FD balance through internet banking, mobile banking, customer care or by visiting a branch.
Can I transfer my Bandhan Bank FD to another bank?
Yes. You can transfer or close your FD and reinvest in another bank by following the receiving bank’s transfer procedure and submitting the necessary documents.