|CEO||Chandra Shekhar Ghosh|
|Listed on exchange as||Bandhan Bank Ltd.|
|Tenure||Regular customers||Senior citizens|
The Period that begins from 7 days to 1 year or less than a year are known as short term fixed deposits, and their interest rates start from 3.00% to 5.75% depending on the number of days of the deposit for general customers, and it is from 3.75% to 6.00% for the senior citizens.
A Medium-term fixed deposit, that is, from 1 year to 5 years, withhold interest rates are 5.75% to 5.50% for general customers and is 6.50% to 6.25% for senior citizens according to the period of lock-in.
A Long-term FD goes from 5 years and more, and the interest rate is 5.50% for general customers, and it is 6.25% for senior citizens.
A Bandhan Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.
1) Internet Banking
Follow the below-mentioned steps for opening a Bandhan Bank FD account via internet banking-
2) Through Mobile App - Bandhan Bank App
Follow the steps mentioned ahead to open an FD account via Bandhan Bank App-
3) Opening Bandhan Bank FD Offline
For opening a Bandhan Bank FD account via offline mode, one has to visit the nearest Bandhan Bank branch. Fill out the Bandhan Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD receipt will be provided by the Bandhan bank.
Individuals or entities satisfying the following criteria can opt for a fixed deposit in Bandhan Bank–
The following documents have to be furnished for opening a Bandhan Bank FD –
What are the documents required for the FD?
Bandhan Bank requires the following papers to be supplied in order to start an FD scheme:
Which of the two rates will be applied at the time of maturity payment if the current FD rate is lower than the rate at the time of investment?
Once the Bandhan Bank fixed deposit interest rates are established at the time of plan purchase, investors will only get returns based on those fixed rates. Existing customers are not affected by rate changes.
What is the highest FD rate offered by Bandhan Bank?
Bandhan Bank is now giving a maximum interest rate of 5.75 percent for terms of more than 18 months – less than 3 years.
What exactly is a non-callable FD?
A non-callable FD is a deposit scheme in which the investor is not permitted to withdraw funds before the account matures.
Is it possible to withdraw funds from a Bandhan Bank tax-saving FD at any time?
No, the tax-saving program does not allow you to withdraw funds or cancel your account before it matures.
Can I prematurely withdraw my money?
Premature withdrawal is a feature that allows investors to either cancel the account before the maturity date or take a portion of the deposit amount. Bandhan Bank offers this feature in its fixed deposit programs but not in the tax-saving scheme.