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.

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 PeriodRate of Interest
7days – 14 days3.50% p.a.
15 days – 30 days4.00% p.a.
31 days – less than 2 months4.00% p.a.
2 months – less than 3 months4.00% p.a.
3 months – less than 6 months4.50% p.a.
6 months – less than 1 year6.90% p.a.
1 year7.15% p.a.
Above 1 year – less than 2 years7.15%p.a.
2 years – less than 5 years6.80%p.a.
5 years – less than 7 years6.40%p.a.
7 years – 10 years6.40%p.a.

Bandhan Bank Fixed Deposit Schemes

ParticularsDetails
Minimum Investment AmountRs.1,000
Additional Investment AmountIn multiples of Re.1
Minimum Tenure7 days
Maximum Tenure10 years
Partial/ Premature WithdrawalAllowed
Auto-renewal FacilityAvailable
Nomination FacilityAvailable
Loan/ Overdraft FacilityAvailable
TDS CertificateIssued

Bandhan Bank Fixed Deposit Tax Saver

ParticularsDetails
Minimum Investment AmountRs.1,000
Maximum Investment AmountRs.1,50,000
Minimum Lock-in Period5 years
Maximum Lock-in Period10 years
Nomination FacilityAvailable

Bandhan Bank Fixed Deposit Advantage

ParticularsDetails
Minimum Investment AmountRs.1,000
Additional Investment AmountIn multiples of Re.1
Minimum Tenure6 months
Maximum Tenure10 years
Partial/ Premature WithdrawalAllowed
Auto-renewal FacilityAvailable
Nomination FacilityAvailable
Loan/ Overdraft FacilityAvailable
TDS CertificateIssued

Bandhan Bank Fixed Deposit Dhan Samriddhi

ParticularsDetails
Minimum Investment AmountRs.5,000
Minimum Tenure6 months
Maximum Tenure10 years
Auto-renewal FacilityAvailable
Nomination FacilityAvailable
Loan/ Overdraft FacilityAvailable
TDS CertificateIssued

Bandhan Bank Fixed Deposit Premium

ParticularsDetails
Minimum Investment AmountRs.1,00,00,000
Minimum Tenure7 days
Maximum Tenure10 years
Loan/ Overdraft FacilityAvailable

Documentation

ID ProofAddress Proof
PassportPassport
PAN CardTelephone Bill
Driving LicenseElectricity Bill
Voter IDID Card Issued by Post Office
Government ID CardBank Statement with Cheque
Senior Citizen ID CardAny other ID proof or address proof document can be submitted subject to bank’s satisfaction