Fixed Deposit Details
Bank Name
Bandhan Bank
Eligibility
Account should be opended in the name of an Indian resident.
Interest Rate
Up to 8.55%
Tenure
7 days to 10 years.
Fixed Deposit Type
Regular
Standard Fixed Deposit
Tax Benefits
None
Credit Ratings
Crisil A1+
Interest Payment Frequency
Monthly, Quarterly. 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
Not specified by the bank.
Features
1. Option of short-term or long-term deposit, with monthly or quarterly interest payouts 2. Tenure – 7 days to 10 years as per your personal investment plan 3. Partial withdrawal or premature closure available 4. Option of 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 8. Minimum deposit of ₹1,000, then in multiples of ₹1 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 7 days to a maximum of 10 years
- The discounted interest rate for monthly interest pay-out option.
- 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 2026-11-06T11:00:00Z. 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 Historical financial/product information may be outdated.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.
