Frequently Asked Questions (FAQs)

Freedom

  • Microbanking
  • SME & Agri Loans
  • Small Enterprise Loans
  • Loan Against Property
  • Home Loans
  • Two Wheeler Loan

Growth

  • Accounts & Deposits

Convenience

  • UPI

Convenience

  • UPI

UPI (Unified Payments Interface) is an immediate real-time payment system that helps in instantly transferring funds between two bank accounts through a mobile platform using VPA, MMID along with Mobile Number or A/C No & IFSC Code. UPI can also be used to pay merchant who accept UPI as payment mode.

BHIM Bandhan UPI App is a payment solution that allows account holders of all Banks participating in UPI to send money, request money, scan & pay via QR code etc. using their smartphones

For Android users, you can download BHIM Bandhan UPI App from Google Play Store and install in your smartphone

BHIM Bandhan UPI App is available free of cost. You can download and use the application as and when you need without any charges levied by the bank. However, your mobile operator may levy charges for data and SMS. Please check with your mobile operator for details.

Install the BHIM Bandhan UPI App on your smartphone by following the simple process below:

Step 1: Download the BHIM Bandhan UPI app from Google Play-store

Step 2: Open the app

Step 3: Click on “Proceed” to verify your mobile number

Step 4: Select the SIM by clicking on the radio button and click “Proceed”

Step 5: Enter Nick name and click on ‘’Continue”

Step 6: Enter your Gender, First Name, Last Name, Date of Birth, Email ID and click on “Continue”

Step 7: Enter a 4 Digit PIN, then confirm and revalidate the PIN.

Check the T&C box and click on “Continue”.

You are now successfully registered on BHIM Bandhan UPI App

To add bank account, please follow the steps below:

Step 1: Login into your BHIM Bandhan UPI App and Click on “Manage Account”

Step 2: To add bank account, click on “ADD” at the top right side corner of the screen

Step 3: Search the Bank of your choice and select by clicking the radio button beside the name of the Bank

Step 4: Select your Account Number from the drop down and create a Virtual Payment address (VPA). click on “ADD” button Bank Account will be successfully added

Virtual Payment address (VPA) is an identifier that can be uniquely mapped to an individual account using a transaction service. It can be xyz@bandhan where in “XYZ” is unique name or number or alphanumeric that you can choose for yourself. Bandhan Bank UPI services offer customers the option to create three virtual addresses so that they can use the virtual address for “Send” and “Collect” transactions. The beneficiary need not show account details as only virtual address is required for the transactions.

If you have a Bank account with any bank, you can download BHIM Bandhan UPI App from Google Play Store for android users. You can create a VPA in BHIM Bandhan UPI App.

Yes, you can create 3 virtual addresses for one bank account.

Yes, you can use BHIM Bandhan UPI App even if you don’t hold any Bandhan Bank account. Add accounts of other Banks operated by you which are participating in UPI and you can create a virtual payment address.

Yes, you can delete virtual payment address which you had registered or used for transaction..

After successful addition of bank account and creation of virtual address, click on set PIN for setting up UPI PIN for transaction. The PIN would be required for authorizing transaction. An OTP would be delivered on the register mobile number. you also need to enter the last 6 digits of your debit card and its expiry date. You can use change PIN option to change the PIN required for transactions.

Yes, BHIM Bandhan UPI App allows all transactions to be at least 2 factors authenticated, making it completely safe and secure. Apart from this all your financial transactions have a daily transaction limit.

Currently there are no charges for the transaction done through BHIM Bandhan UPI App.

Step 1: Select your virtual payment address and select either of the following details of the recipient:

  • VPA
  • MMID + Mobile no
  • Account+ IFSC

Step 2: Enter Amount

Step 3: Send money by entering UPI PIN

  • Select your and remitter’s virtual payment address
  • Enter amount
  • Select expiry duration (minimum 2 Minutes to Maximum 7 days)
  • You will receive money when remitter approves your transaction request on his/her UPI app.

SMS will be sent to both the parties involved and also the app gives a confirmation on successful transactions/deliver transaction with valid description.

BHIM Bandhan UPI service is available 24 hours a day, all days of the week, throughout the year. There is no holiday restriction on UPI transaction.

Not necessary, you can transfer money using account number, IFSC and MMID of the beneficiary, in case you do not know the virtual payment address of the beneficiary

Other party (receive or sender) need not necessary to have BHIM Bandhan UPI App. The other party can use any banks UPI enabled application along with BHIM Bandhan UPI.

Yes, you can set the expiry time. You can set an expiry time from 2 minutes to 7 days, from the date of initiation of the transaction.

Yes, you can see your past transaction under the history option available in BHIM Bandhan UPI app.

If the transaction fails after your account is debited, the amount will get credited to your account within 3 working days excluding day of transaction. In case of any further issues, please log a complaint with the following details in BHIM Bandhan UPI.

  • Transaction ID
  • Customer ID/Account Number
  • Data and time of transaction

No, once the payment is initiated, it cannot be stopped.

No, as per RBI guidelines, BHIM Bandhan UPI is designed to adhere with two factor authentication. If you lose your SIM card/Mobile phone, the other person would still need to know your UPI PIN and the login PIN of the BHIM Bandhan UPI to do transaction on your account. It is advisable to block your SIM card for safety if you have lost your phone.

No, as of now, only domestic transaction can be done

There are various reasons for a UPI transaction failure:

  • The system would be down
  • Wrong UPI PIN
  • Incorrect beneficiary UPI ID
  • If the receiver is not on Bharat Interface for Money

You will get an SMS on your registered mobile number on successful completion of the UPI transaction.

On entering the wrong UPI PIN the transaction will fail and show an error 'Wrong / Incorrect UPIN entered'.

This is a feature of the UPI payment platform (built by NPCI- an RBI regulated entity). The UPI platform retrieves the accounts details linked with your mobile number in a masked manner. This exchange is done over secure banking networks and we don't store or ever use it.

The service is instant and available 24X7, even on public/bank holidays. Customers can transfer funds in simple steps by providing the virtual payment address of the beneficiary. Also, there is no pre - registration required for the beneficiary.

For any transaction, you will see a status instantly on your screen. If for some reason the transaction is delayed or pending, the result will be posted on your Transaction History page along with a UTR Number or Bank reference number. In addition, you will receive an SMS from your Bank.

UPI services are available 24 hours of the day, all days of the week, throughout the year. There are no holiday restrictions on UPI transactions.

Go to Pending approval list and you will find he transactions that are pending for your authorisation.

When you initiate a transaction, choose the VPA that you would like to transfer funds from. On the same page, you will also be given an option to "change the default account" associated with this VPA. Choose this option and select the account that you would like to be debited.

Growth

  • Accounts & Deposits

You can apply for Bandhan Bank Account through any of the below channels.

Please call on +91 33 6633 3333 OR 1800 258 8181 (Toll Free)

Place request through our website

Please contact your nearest Bandhan Bank Branch.

You can access your Account through:

  • Bandhan Bank branches
  • Bandhan Bank ATMs
  • Net Banking
  • Phone Banking
  • Mobile Banking

You can update your address through any of the following options:

  • Visit any Bandhan Bank branch and submit an application along with the address proof.
  • Send across a duly- filled & signed application along with address proof to the branch where you opened your account with an authorization letter.

We request you to follow the following procedure mentioned below to update you PAN number:

  • Step 1 : Submit a written request specifying your updated PAN number in any nearest Branch
  • Step 2 : Give a self-attested photocopy of your PAN card. (Please carry originals for verification)

Please visit your nearest Bandhan Bank branch and follow the below mentioned steps

  • Step 1 : Get an application form from the branch or downloaded a form from the website
  • Step 2 : Fill the application form duly signed by all the holders and submit it to your nearest branch.

Yes, you can set up standing instructions through your Bandhan Bank Account.

Please download Application Form or collect the same from the nearest Bandhan Bank Branch.

The Application Form should be duly filled and signed by the Account Holder/s.

Submit the duly filled Application Form at your nearest Branch.

On receipt of Form and successful verification, the new ATM/Debit Card PIN will be sent to your mailing address.

The account becomes dormant if there are no customer initiated transactions (excludes system generated transactions like credit interest, debit interest etc), in the account for a continuous period of two years. If the account status is 'Dormant', transactions through Direct Banking Channels like ATM, Net-Banking, Phone Banking are not be allowed by the Bank. Please contact your nearest Bandhan Bank Branch for activating your account.

Please visit your nearest Bandhan Bank Branch for further details and information.

Freedom

  • Microbanking
  • SME & Agri Loans
  • Small Enterprise Loans
  • Loan Against Property
  • Home Loans
  • Two Wheeler Loan

Microbanking loans are extended to individual in the group formed by them. The group members shall satisfy the underwriting criteria prescribed by the Bank for being eligible for the loan.

Yes. The loan shall also be disbursed through the Savings Bank account

The loans shall be credited to your SB account. You can withdraw the amount at your convenience at your doorstep. Further, You can also visit the nearby Banking Unit of the Bank to draw cash from your SB account.

Yes, you can open only SB account.

No. A borrower can have any one of Suchana or Srishti outstanding at any given point in time.

Yes, you can set up standing instructions through your Bandhan Bank Account.

Working Capital & Term Loan for Manufacturing, Trading ,Service , Farm Credit and Agri allied activities

Submit your loan application with required documents at our nearest Branch and after complying all terms and conditions loan will be disbursed .

We respect your privacy and hence we strictly adhere to our privacy terms .

For SME loans -

  • Duly filled Loan application form
  • Incorporation documents and Bank statements for the last 6 months.
  • KYC documents like ID Proof , address proof etc
  • Financial statements from the last two years.
  • Proof of address for office and factory.

For AGRI loans -

  • Duly Filled loan application forms
  • KYC documents like ID Proofs and address proof
  • Financial statements from the last two years if available.
  • Details of Land ,Equipment Etc

SME loans- Tenure of loan varies with type and quantum of loan, type of business activities etc. However tenure varies from one year to maximum seven years.

AGRI - Tenure of loan varies with type and quantum of loan, type of agricultural activities etc. However tenure varies from one year to maximum five years.

SME - Quantum of loan varies with type of business activities, collateral security structure etc. and based on Bank’s internal assessment

AGRI - Quantum of loan varies with type of agricultural land ,activities etc.

Yes.

Yes. You can take SME/ Agri loan irrespective of distance of residence from our branch/office set-up. Our concerned officials will extend necessary help/assistance for this purpose.

Our help line no is 033-66333333 and 1800-258-8181 .On receiving call from you our help desk people will guide you accordingly. Furthermore, our Branch/Office people are always ready to guide you.

After receipt of all relevant documents/papers/information from the prospective customer,Bank will intimate its decision for sanction/rejection of loan proposal within maximum seven working days.

After the completion of all necessary post-sanction formalities by the borrower,we will remit the fund as per terms of sanction to the borrower immediately (within working hours of bank)

Composite loan in the form of Demand / Term loan for Manufacturing, Trading ,Service.

Submit your loan application with required documents at our nearest Branch or with concerned Relationship Officer and after complying all terms and conditions loan will be disbursed.

We respect your privacy and hence we strictly adhere to our privacy terms .

Loan upto Rs. 5 lakh :

  • KYC,
  • PAN Card,
  • Simplified loan application form,
  • Stock Statement ( In case of working capital loan)
  • Trade license, if available,
  • Bandhan Bank A/C,

Loan above Rs. 5 lakh

  • KYC,
  • PAN card
  • Loan Application form,
  • Stock Statement ( In case of working capital loan)
  • Valid Trade License / shop & establishment or any other govt. registration certificate,
  • ITR (including Balance Sheet and Profit & Loss statement), and Estimated (C.Y.) (Self declared financial statement, if not available),
  • Bandhan Bank A/C,

Tenure of loan varies with type and quantum of loan, type of business activities etc. However tenure varies from one year to maximum three years.

loan ticket size above Rs. 1 – 10 lakh.

Yes.

Yes. You can take loan irrespective of distance of residence from our branch/office set-up. Our concerned officials will extend necessary help/assistance for this purpose.

Our help line no is 033-66333333 and 1800-258-8181 .On receiving call from you our help desk people will guide you accordingly. Furthermore, our Branch/Office people are always ready to guide you.

After receipt of all relevant documents/papers/information from the prospective customer, Bank will intimate its decision for sanction/rejection of loan proposal within maximum seven – ten working days.

After the completion of all necessary post-sanction formalities by the borrower,we will remit the fund as per terms of sanction to the borrower immediately (within working hours of bank).

Up to 60% of the market value of the property can be availed subject to eligibility norms being met.

Loan eligibility is based on your monthly disposable / surplus income and other conditions.

Minimum age of the borrower should be 23 years

Maximum age at loan maturity to be 65 years or retirement age, whichever is earlier.

Self-occupied Residential or Commercial property (Shops and Offices) can be considered as collateral

Loan tenure can be up to 15 years, depending on current age, and profile of the borrower.

Loan eligibility is based on your monthly disposable / surplus income.

Minimum age of the borrower should be 23 years.

Maximum age at loan maturity to be 65 years or retirement age, whichever is earlier.

Equated Monthly Instalments (EMIs) comprising both principal and interest.

Loan tenure can be up to 20 years, depending on current age, and profile of the borrower.

Yes, the property has to be insured against Fire and Allied perils for the entire tenure of the loan.

Minimum age of the borrower should be 21 years

Maximum age at loan maturity to be 57 years or retirement age, whichever is earlier.

Minimum and Maximum loan amount are ₹ 10,000 and ₹ 150,000 respectively.

A customer needs to have a savings/ current account relationship with us to avail of this loan.

Bandhan Bank's Two wheeler loan is available in 12, 18, 24 and as long as 36 months.

Funding available up to 85% of the on road price of the Two Wheeler