Bandhan Bank Fixed Deposit Interest Rate

by

Fixed Deposit or FD is a good interest rate investment option. Bandhan Bank offers a Fixed Deposit Account with a high interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank.

Benefits of Bandhan Bank Fixed Deposit

  • You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
  • Multiple fixed deposits can open.
  • Bandhan Bank also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
  • You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
  • If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.

Fixed Deposit Eligibility

  • Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
  • The applicant must have a savings account in the bank.
See also  DCB Bank Fixed Deposit Interest Rate

Income Tax Facts on Bandhan Bank Fixed Deposit Interest

If you are looking for income tax fact on Fixed Deposit interest, then you can check below:

  • If Fixed Deposit interest is less then Rs. 40, 000/-, then the Bandhan Bank will deduct TDS on interest.
  • Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
  • If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in Bandhan Bank.

Bandhan Bank Tax Benefit Fixed Deposit

  • Interest Rate is 6.5% for 5 years term deposits.
  • The amount can not withdraw before five years.
  • The deposit account can not transfer to another bank.

Bandhan Bank Fixed Deposit Interest Rate

Time Period Rate of Interest
7days – 14 days 3.50% p.a.
15 days – 30 days 4.00% p.a.
31 days – less than 2 months 4.00% p.a.
2 months – less than 3 months 4.00% p.a.
3 months – less than 6 months 4.50% p.a.
6 months – less than 1 year 6.90% p.a.
1 year 7.15% p.a.
Above 1 year – less than 2 years 7.15%p.a.
2 years – less than 5 years 6.80%p.a.
5 years – less than 7 years 6.40%p.a.
7 years – 10 years 6.40%p.a.
See also  Link Aadhaar with Bandhan Bank Account

Bandhan Bank Fixed Deposit Schemes

Particulars Details
Minimum Investment Amount Rs.1,000
Additional Investment Amount In multiples of Re.1
Minimum Tenure 7 days
Maximum Tenure 10 years
Partial/ Premature Withdrawal Allowed
Auto-renewal Facility Available
Nomination Facility Available
Loan/ Overdraft Facility Available
TDS Certificate Issued

Bandhan Bank Fixed Deposit Tax Saver

Particulars Details
Minimum Investment Amount Rs.1,000
Maximum Investment Amount Rs.1,50,000
Minimum Lock-in Period 5 years
Maximum Lock-in Period 10 years
Nomination Facility Available

Bandhan Bank Fixed Deposit Advantage

Particulars Details
Minimum Investment Amount Rs.1,000
Additional Investment Amount In multiples of Re.1
Minimum Tenure 6 months
Maximum Tenure 10 years
Partial/ Premature Withdrawal Allowed
Auto-renewal Facility Available
Nomination Facility Available
Loan/ Overdraft Facility Available
TDS Certificate Issued
See also  AU Bank Fixed Deposit Interest Rate

Bandhan Bank Fixed Deposit Dhan Samriddhi

Particulars Details
Minimum Investment Amount Rs.5,000
Minimum Tenure 6 months
Maximum Tenure 10 years
Auto-renewal Facility Available
Nomination Facility Available
Loan/ Overdraft Facility Available
TDS Certificate Issued

Bandhan Bank Fixed Deposit Premium

Particulars Details
Minimum Investment Amount Rs.1,00,00,000
Minimum Tenure 7 days
Maximum Tenure 10 years
Loan/ Overdraft Facility Available

Documentation

ID Proof Address Proof
Passport Passport
PAN Card Telephone Bill
Driving License Electricity Bill
Voter ID ID Card Issued by Post Office
Government ID Card Bank Statement with Cheque
Senior Citizen ID Card Any other ID proof or address proof document can be submitted subject to bank’s satisfaction

Leave a Comment