Product Details
Bank Name
Bandhan Bank
Eligibility
Account should be opended in the name of an Indian resident.
Interest Rate
Up to 8.55%
Tenure
6 months to 10 years.
Fixed Deposit Type
Regular
Dhan Samriddhi Fixed Deposit
Tax Benefits
None
Credit Ratings
Crisil A1+
Interest Payment Frequency
At maturity. 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. Compounded interest reinvested in the same scheme 2. Ideal to achieve short-term goals like marriage, festival, travel, education, home renovation and more 3. Focus on ideal growth of funds in a short time 4. Option of a loan or overdraft against fixed deposit 5. Automatic renewal to continue your investment 6. Nomination facility available 7. Convenient deposit opening through Internet Banking, Phone Banking or at the nearest branch
Minimum Investment Amount
₹5,000
Features & Benefits
Pros
Compounding of interest.
Nomination facility.
Loan facility can be availed.
Cons
Payment of interest at the time of maturity only.
Pros & Cons
Account Opening Procedure
How to Open?
You can open the FD online by visting the website https://bandhanbank.com/
Application Procedure
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