Fixed Deposit

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Book a Fixed Deposit and enjoy

8.55%* interest p.a. for senior citizens

8.05%* interest p.a. for others

Minimum deposit amount

Guaranteed returns

*For a tenure of 1 year

More Details

Features
Rates & Charges

Option of short-term or long-term deposit, with monthly or quarterly interest payouts
Tenure – 7 days to 10 years as per your personal investment plan
Partial withdrawal or premature closure available
Option of loan or overdraft against fixed deposit
Automatic renewal to continue your investment
Nomination facility available
Convenient deposit opening through Neo+ Fixed Deposit, Internet Banking, mBandhan app or at your nearest branch
Minimum deposit of ₹1,000, then in multiples of ₹1
Issuance of TDS certificate, as per IT Act

Other supporting documents may be required for verification.
To know more, call us at 1800-258-8181 (toll free)

*Terms and Conditions apply

Retail Domestic / Non-Resident Rupee Term Deposit Interest Rate Chart w.e.f. September 13, 2024

Maturity Bucket	Interest Rates for Non-Senior Citizens	Interest Rates for Senior Citizens
7 days to 14 days	3.00%	3.75%
15 days to 30 days	3.00%	3.75%
31 days to Less than 2 months	3.50%	4.25%
2 months to less than 3 months	4.50%	5.25%
3 months to less than 6 months	4.50%	5.25%
6 months to less than 1 year	4.50%	5.25%
1 year	8.05%	8.55%
1 year 1 day to 1 year 9 months	8.00%	8.50%
1 year 9 months 1 day to less than 2 years	7.25%	7.75%
2 years to less than 3 years	7.25%	7.75%
3 years to less than 5 years	7.25%	7.75%
5 years to up to 10 years	5.85%	6.60%

Tax Saver Fixed Deposit Interest Rate Chart w.e.f. December 04, 2023

TD Type	Interest Rates for Non-Senior Citizens	Interest Rates for Senior Citizens
Tax Saver Fixed Deposit	7.00%	7.50%

Note:

The above rates are applicable for retail deposits less than ₹3 crore.
Senior Citizen Rates are only for Resident Indians and do not apply to NRIs.
Submission of proof of Age is mandatory to avail Senior Citizen Rates.
Under Section 80C of the Income Tax Act. 1961, a maximum tax exemption up to ₹1,50,000 may be availed by investing in Bandhan Bank Tax Saver Fixed Deposits.
Tax Saver Fixed Deposits cannot be closed prematurely/partially before expiry of the lock-in period of 5 years and cannot be booked with auto renewal facility.
TDS is applicable for Interest earned over ₹40,000 for general customers and ₹50,000 for Sr. Citizen Customers in a year.
Customer can submit Form 15G/15H as applicable if the annual income is below ₹2,50,000 for general and ₹7,00,000 for Senior citizen customers.
Tax Saver Fixed deposits are non-market-linked investments, so they carry zero risk and are safe investments.
Tax Saver Fixed deposits are applicable for Resident Indians, Hindu Undivided Families (HUFs) and NRO customers.
Min amount of Tax Saver deposits that can be made is ₹1,000.
Interest earned on the Fixed Deposits will be subject to Tax Deducted at Source as per extant Indian Income Tax laws.
Submission of Income Tax PAN No. is mandatory, failing which TDS will be deducted at a higher rate as per Indian Income Tax laws.
Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date/time of receipt of the funds by the Bank.
For pre-mature withdrawal; the Penal interest rate of 1% shall be applicable on the card rate. The card rate for premature closure will be lower of the rate for the original /contracted tenure for which the deposit has been booked or the rate applicable for the tenure for which the deposit has been in force with the Bank.
Minimum tenure for Domestic & NRO term deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
Minimum tenure for NRE term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
Please contact nearest Bandhan Bank Branch for interest rates on deposits ₹3 crore and above.
In case of reinvestment deposits, the interest reinvested is post TDS recovery and hence the maturity amount for re-investment deposits would vary to the extent of tax and compounding effect on tax for the period subsequent of deduction till maturity.
Interest rates are subject to change without any prior notice.
In addition to the clauses specified above, for detailed Terms and Conditions governing Bandhan Bank Fixed Deposits, please click here.