Fixed Deposit Details
Bank Name
Bandhan Bank
Eligibility
Account should be opended in the name of an Indian resident.
Interest Rate
4.50% to 8.50%
Tenure
6 months to 10 years.
Fixed Deposit Type
Regular
Advantage Fixed Deposit
Tax Benefits
None
Credit Ratings
Crisil A1+
Interest Payment Frequency
Not mentioned by the bank. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
1. Partial withdrawal or premature closure available 2. Option of a loan or overdraft against fixed deposit 3. Automatic renewal to continue your investment 4. Nomination facility available 5. Convenient deposit opening through Internet Banking, Phone Banking or at the nearest branch 6. Minimum deposit of ₹1,000, then in multiples of ₹1 7. Issuance of TDS certificate, as per IT Act
Minimum Investment Amount
INR 1000
Features & Benefits
Pros
- You can open a fixed deposit for a minimum period of 6 months to a maximum of 10 years
- Compounding of interest.
- Premature closure and partial withdrawal facility allowed.
- Additional interest rates for Senior Citizens
Cons
None
Pros & Cons
How to Open?
You can open the FD online by visting the website https://bandhanbank.com/
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:58:44Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
