Bandhan Bank Savings Account

Bandhan Bank provides a variety of savings accounts to meet the demands of various sorts of investors. The interest rate on all Bandhan Bank Savings Accounts ranges from 3% to 6.50%.

The different types of savings account under Bandhan Bank and their characteristics are mentioned here. Lets us also understand what are the current Bandhan Bank Savings Account Interest Rate and the charges associated with it. 

Bandhan Bank Savings Account Interest Rate 2024

Here is the table for the Bandhan Bank savings interest rates:

Balances

Bandhan Bank saving account interest rate

Rs. 1 lakh

3.00%

Rs. 1 lakh - Rs. 10 lakhs

6.00%

Rs. 10 lakhs - Rs. 2 crores

6.25%

Rs. 2 crores - Rs. 10 crores

6.25%

Rs. 10 crores - Rs. 50 crores

6.50%

Features of the Bandhan Bank Savings Account

  • There is a passbook and a cheque facility accessible.
  • Bandhan Bank savings interest rate offered are attractive.
  • Debit and ATM cards, transaction alerts, and branch banking are all available.
  • Online banking, phone banking, and mobile banking are all options.
  • Cash withdrawals are unlimited at the home branch.
  • Monthly, there are 20 cheque leaves available.
  • Every month, you get five free cash withdrawals from other bank ATMs.
  • IMPS, RTGS, and NEFT are electronic fund transfers.
  • Nominations are accepted.
  • Customer service is available around the clock.
  • Monthly cash deposit limit of up to Rs. 5 lakhs is free.
  • Every month, you get two free electronic fund transactions.
  • Every month, you get two free DDs.

How to Open Savings Account with Bandhan Bank?

One can open a savings account with Bandhan Bank by visiting the nearest bank office or online.

The following are the processes for opening a savings account online with Bandhan Bank-

Step 1: To begin, go to the Bandhan Bank website.

Step 2: Second, select the 'Savings Accounts' option from the 'Products' menu.

Step 3: Then read and comprehend all of the Bandhan Bank savings accounts' features, advantages, terms, and conditions. After you've selected the desired account, click the 'Apply Now option.

Step 4: To proceed, enter the following information. Full name, phone number, email address, city, and zip code

Fill out the online application form completely.

Step 5: Finally, take the application form to your nearest bank location, where a representative will verify all of your documentation.

After successful verification, the bank will send a starter kit, and the savings account can be used.

Bandhan Bank Savings Account Opening Process

Citizens of India can create a Savings Account with Bandhan Bank if they fulfil the following eligibility criteria-

  • Undivided Hindu Families
  • Individuals (singly or jointly) (singly or jointly).
  • Trusts, associations, government agencies, religious groups, and clubs, for example.

Documents Required to Open Bandhan Bank Savings Account

  1. Photographs
  2. Proof of identity: 
  • Voter’s ID card
  • Permanent Account Number card
  • Passport
  • Aadhaar card
  • Government-issued photo identity
  • Driving license
  1. Proof of residence: 
  • Passport
  • Utility bills
  • Aadhaar card 
  • Bank account statement

Charges Associated

Minimum Balance

0 - Rs. 1, 00, 000

Note: The minimum balance to be maintained in the account differs from one type of savings account to another.

Types of Saving Accounts Offered by Bandhan Bank

Following are the various types of Savings Accounts that can be opened at Bandhan Bank-

1) Premium Account

This premium savings account, which requires an average monthly balance of Rs. 100000, offers privileges such as special shopping and dining experiences, as well as invites to exhibits, concerts, and other events.

The account holder is also eligible to free financial transfers, phone banking, and the issuance of free cheque books.

2) Sachay Savings Account

This no-frills savings account offers numerous features that simplify banking. The account user must maintain an average monthly balance of Rs. 2000 and is entitled to services such as SMS alerts, any branch banking, internet banking, and mobile banking.

3) Advantage Saving Account

This savings account, which requires an average monthly balance of Rs. 25000, includes services such as internet banking, rapid fund transfers, a high-interest rate, increased transaction limits, free ATM withdrawals, and branch banking.

4) Special Saving Account

This is the only account of its type, created specifically for the special people, the differently abled.

The account must have an average minimum balance of Rs. 5000. The account comes with a slew of perks, including mobile banking, doorstep banking, free online banking, and a free debit card.

5) Standard Saving Account

With this account, the account holder can earn a high-interest rate. An average monthly balance of Rs. 5000 must be kept in the account

Internet banking, online fund transfer, and phone banking are all available with this savings account. Transaction alerts assist the account holder in tracking the account in a methodical manner.

6) TASC Account

The Trust, Association, Society, and Club (TASC) savings account, as the name implies, is for non-profit organizations.

This zero balance account offers perks such as doorstep banking, 60 free cheque leaves every quarter and local cheque collecting. The rules for opening this account can be found on the bank's website.

7) GOS Account

This zero-balance account is intended for central and state government departments to receive subsidies and grants. There are features such as doorstep banking, free demand drafts, and complimentary internet banking services.

8) Basic Savings Account

This is a basic account with a zero balance that comes with a free debit card.

9) Basic Small Savings Account

This zero-balance account is intended for people who do not have the necessary documentation to start an account. There are various restrictions on deposits and withdrawals of funds, the specifics of which can be discovered on the bank's web portal or received from a branch.

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