Rates and Charges

Rates and Charges

Statement that reinforces ideas of transparency and Integrity

Domestic / Non-Resident Rupee Savings Deposit Interest Rate Chart, w.e.f. September 5, 2023

Bandhan Bank Savings Bank Account Interest Rate
Account Type Rate p.a
Domestic and Non-Resident Rupee Savings Bank Account
a. Daily Balance up to ₹1 lakh 3.00%
b. Daily Balance above ₹1 lakh to ₹10 lakh 6.00%
c. Daily Balance above ₹10 lakh to ₹2 crore 7.00%
d. Daily Balance above ₹2 crore to ₹10 crore 6.25%
e. Daily Balance above ₹10 crore to ₹50 crore 6.50%
f. Daily Balance above ₹50 crore to ₹100 crore 8.00%
g. Daily Balance above ₹100 crore to ₹250 crore 8.00%
h. Daily Balance above ₹250 crore 8.05%
Points to note:
  • Interest will be calculated daily based on end of day clear balance in the account.
  • Interest of 3.00% p.a will be applied for amount up to ₹1 lakh, 6.00% p.a will be applied on the incremental balance over and above ₹1 lakh up to ₹10 lakh, 7.00% p.a will be applied on the incremental balance over and above ₹10 lakh up to ₹2 crore, 6.25% p.a will be applied on the incremental balance over and above ₹2 crore up to ₹10 crore, 6.50% p.a will be applied on the incremental balance over and above ₹10 crore up to ₹50 crore, 8.00% p.a will be applied on the incremental balance over and above ₹50 crore up to ₹250 crore and 8.05% will be applied on the incremental balance over and above ₹250 crore.
  • Interest rates are subject to periodic change without any prior notice.
  • Savings bank account interest will be paid at quarterly intervals.

Bulk Deposit Interest Rates w.e.f. February 27, 2024

With Premature Payment facility "Callable" (All rates are per annum)

Tenure ₹2 cr to ₹10 cr Above ₹10 cr to less than ₹25 cr ₹25 cr to less than ₹50 cr ₹50 cr and above
7 days to 15 days 3.00% 3.00% 3.00% 3.00%
16 days < 1 month 3.25% 3.25% 3.25% 3.25%
1 month < 2 months 3.50% 3.50% 3.50% 3.50%
2 months < 3 months 7.00% 7.00% 7.00% 7.00%
3 months < 4 months 7.00% 7.20% 7.20% 7.25%
4 months < 5 months 7.30% 7.30% 7.30% 7.40%
5 months < 6 months 7.35% 7.35% 7.40% 7.40%
6 months < 7 months 7.60% 7.60% 7.60% 7.60%
7 months < 8 months 7.60% 7.60% 7.60% 7.60%
8 months < 9 months 7.60% 7.60% 7.60% 7.60%
9 months < 10 months 7.70% 7.70% 7.70% 7.70%
10 months < 11 months 7.70% 7.70% 7.70% 7.70%
11 months < 12 months 7.70% 7.70% 7.70% 7.70%
12 months 7.80% 7.90% 8.00% 8.10%
12 months 1 day < 13 months 7.80% 7.90% 8.00% 8.10%
13 months < 14 months 7.80% 7.90% 8.00% 8.10%
14 months < 15 months 7.80% 7.90% 8.00% 8.10%
15 months < 16 months 6.75% 6.75% 6.75% 6.75%
16 months < 17 months 6.75% 6.75% 6.75% 6.75%
17 months < 18 months 6.75% 6.75% 6.75% 6.75%
18 months < 2 years 6.75% 6.75% 6.75% 6.75%
2 years to less than 3 years 6.75% 6.75% 6.75% 6.75%
3 years to less than 5 years 6.15% 6.15% 6.15% 6.15%
5 years to 10 years 5.00% 5.00% 5.00% 5.00%

Without Premature Payment facility "Non-Callable" (All rates are per annum)

Tenure ₹2 cr to ₹10 cr Above ₹10 cr to less than ₹25 cr ₹25 cr to less than ₹50 cr ₹50 cr and above
7 days to 15 days 3.00% 3.00% 3.00% 3.00%
16 days to < 1 month 3.25% 3.25% 3.25% 3.25%
1 month < 2 months 3.50% 3.50% 3.50% 3.50%
2 months < 3 months 7.50% 7.50% 7.50% 7.50%
3 months < 4 months 7.90% 7.90% 7.90% 7.90%
4 months < 5 months 7.90% 7.90% 7.90% 7.90%
5 months < 6 months 7.90% 7.90% 7.90% 7.90%
6 months < 7 months 7.90% 7.90% 7.90% 7.90%
7 months < 8 months 7.90% 7.90% 7.90% 7.90%
8 months < 9 months 7.90% 7.90% 7.90% 7.90%
9 months < 10 months 7.90% 7.90% 7.90% 7.90%
10 months < 11 months 7.90% 7.90% 8.00% 8.00%
11 months < 12 months 7.90% 7.90% 8.00% 8.00%
12 months 8.75% 8.90% 8.90% 8.90%
12 months 1 day < 13 months 8.75% 8.90% 8.90% 8.90%
13 months < 14 months 8.75% 8.90% 8.90% 8.90%
14 months < 15 months 8.75% 8.90% 8.90% 8.90%
15 months < 16 months 7.30% 7.30% 7.30% 7.30%
16 months < 17 months 7.30% 7.30% 7.30% 7.30%
17 months < 18 months 7.30% 7.30% 7.30% 7.30%
18 months < 2 years 7.30% 7.30% 7.30% 7.30%
2 years to less than 3 years 7.30% 7.30% 7.30% 7.30%
3 years to less than 5 years 6.75% 6.75% 6.75% 6.75%
5 years to 10 years 5.50% 5.50% 5.50% 5.50%

 

Disclaimer:

  • In case of premature withdrawal of deposit 1% penalty will be levied on the corresponding ROI for which the deposit is actually kept with the Bank 

  • Any deposit of ₹10 crore and above can be contracted only with the prior approval of the Treasury

FCNR (B) Term Deposit Interest Rate Chart, for the month of March 2024

Tenor USD GBP EUR
1 Year to < 2 Years 6.31% 4.94% NA
2 Years to < 3 Years 4.81% NA NA
3 Years to < 4 Years 4.81% NA NA
4 Years to < 5 Years 4.81% NA NA
5 Years only 3.81% NA NA

Note:

  • For FCNR (B) deposit, Interest is compounded at half yearly frequency        
  • No interest is payable, if the deposit is withdrawn before one year.        
  • No premature penalty for the deposit withdrawn after completion of one year. However, interest shall be paid at the rate applicable for the period deposit has remained with the Bank        
  • Above interest will be paid at the rate available on the date of deposit        
  • The above rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time. Kindly check the rates before booking the FCNR Fixed Deposit        

Retail Domestic / Non-Resident Rupee Term Deposit Interest Rate Chart w.e.f. September 5, 2023

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 to 499 days 7.25% 7.75%
500 days (1 year, 4 months, 13 days) 7.85% 8.35%
501 days 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 4, 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 ₹2 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  ₹5,00,000 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 INR 2 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

External Benchmark Rate: RBI Repo Linked Lending Rate (RLLR)

Current RLLR: w.e.f. December 01, 2023: 6.50%

(For existing customers the EBR reset is done on quarterly basis)

(A) Home loan Interest Rate Card (Floating) :

Loan Amount Minimum Interest Rate(%) Maximum Interest Rate(%)
All Loan Amount 9.16% 13.33%

(B) Repair Loans Interest Rate Card (Floating):

Loan Amount Minimum Interest Rate(%) Maximum Interest Rate(%)
All Loan Amount 9.16% 13.33%

(C) Loan Against Property Rate card (Floating)

Loan Amount Minimum Interest Rate(%) Maximum Interest Rate(%)
All Loan Amount 12.64% 17.22%

Existing customers who are servicing floating rate loans linked to PLR of erstwhile GRUH can opt for conversion to External Benchmark Rate linked option.

Marginal Cost of Funds based Lending Rates (MCLR) effective from February 29, 2024

Tenor MCLR (in %)
Overnight 7.11%
1 Month 7.11%
3 Months 8.61%
6 Months 8.61%
1 Year 11.36%
2 Years 11.36%
3 Years 11.36%

Forex Rates for March 01, 2024

For transactions in Foreign Currency up to USD 10,000

All values in Rs.

Currency Card Rate
BUY RATE SELL RATE
USD 82.21 83.52
EUR 88.49 90.79
GBP 103.44 105.92

Rates as on 09:15  IST

  • The card rates as above are indicative and are subject to change based on market volatility. The final rates applicable will be the card rates prevailing at the time of debit/credit to customer account.

Schedule of Charges for Micro Enterprises Loan

Description Charges
Processing fee 1% ( of loan disbursement amount ) + GST/ Applicable Tax
General Insurance On actual basis + GST / applicable taxes
Foreclosure charges Nil

Schedule of Charges for Bazaar Loan

Description Charges
Processing fee 1.25% + GST
General Insurance On actual basis + GST / applicable taxes
Foreclosure charges Nil

Schedule of Charges for Micro Home -Loans

Description Charges
Processing fee 1% of loan amount or a minimum of ₹5000 plus GST
Foreclosure Charges Nil
Penal Interest Nil
Part Pre-Payment Nil, By default the effect of part prepayment so made shall be given on the balance tenor by keeping the EMI amount same, unless specified by the borrower otherwise.
Foreclosure Statement ₹100 +GST
Document Retrieval Charges ₹500 +GST
Duplicate Amortization Schedule ₹200 +GST
Duplicate Statement of Account ₹100 +GST
Duplicate NOC ₹300 +GST
Duplicate NOC ₹300 +GST
Stamp duty Actual as per State law
Equitable Mortgage Charges Actual as per State law
Cersai Charges Actual as per Cersai

Note: Applicable taxes will be extra.

Schedule of Charges for NACH Debit

NACH Sponsorship Charges (₹)
NACH Mandate Registration (per mandate) Rs.15.00
NACH Mandate Modification (per mandate) Rs.15.00
NACH Mandate Cancellation (per mandate) Rs.15.00
NACH Debit Transaction Processing (per Success transaction) Rs.5.00
Mandate Form (100 pcs/packet) Rs.50.00
Maintenance Fee: Active Mandates (per mandate) Rs.0.50
Maintenance Fee: Dormant Mandate (per mandate/ per annum)
Dormant
Period
(Year)
Amount
(Rs)
1st Rs.1.00
2nd & 3rd Rs.2.00
4th & 5th Rs.3.00
6th onwards Rs.5.00
NACH Credit Transaction Processing Rs.1.00

Schedule of Charges for Suchana, Srishti, Sushiksha, Suraksha and Subriddhi

Description Charges
Processing fee
  • For Loan up to ₹25,000: Nil
  • For Loan > ₹25,000: 1.25% + GST
Foreclosure Charges Nil
General Insurance for Suchana and Shristi only On actual basis

Schedule of Charges for Super Saver

Description Charges
Processing fee Nil
General Insurance Nil
Foreclosure charges Nil

Note: Applicable taxes will be extra.

Schedule of Charges for Small Enterprise Loan

To view details, click here.

SME & Corporate Loans/ Agri Sampan Plus - Service charges for Fund - Based Products (CC, OD, TL) and NonFund Based Products (BG and inland LC) [ effective from 12.10.2020]

To view details Click here.

Schedule of Charges for Agri Loan/Kisan Credit Card/Kisan Sampan Plus

For details, click here

 

Schedule of Charges for Gold Loan

To view details Click here.

Schedule of Charges for Home Loan and Loan against Property

To view details Click here.

Schedule of Charges for Personal Loan

To view details Click here.

Schedule of Charges for Car Loan

To view details, click here.

Schedule of Charges for Two Wheeler Loan

To view details, Click here.

Savings Account – Schedule of Charges & Features

To view details Click here.

Current Account – Schedule of Charges & Features

To view details Click here.

Biz Elite Current Account – Schedule of Charges

To view details Click here.

Non Resident Savings Account – Schedule of Charges & Features

To view details Click here.

Corporate Salary Account – Schedule of Charges & Features

To view details Click here.

Commercial Vehicle & Construction Equipment Loan – Schedule of Charges

To view details, click here.

Common service charges applicable to all Savings Account (SB) & Current Account (CA) variants including Non Resident Deposits

To view details, click here.

Atal Pension Yojana & NPS Lite

Sr. No. Name of CRA Schemes Service Charge
PRA Opening Charges PRA Annual Maintenance Charges Transaction Charges
1 Computer Age Management Services Limited NPS Regular (₹) 40 65 3.50
NPS Lite/APY (₹) 15 16.25 NIL
2 KFin Technologies Limited NPS Regular (₹) 39.36 57.63 3.36
NPS Lite/APY (₹) 15 16.25 NIL
3 Protean eGov Technologies Limited NPS Regular (₹) 40 69 3.75
NPS Lite/APY (₹) 15 20 NIL

 

Protean eGov Technologies Limited (Erstwhile NSDL e-Governance Infrastructure Limited) is the registered CRA of Bandhan Bank Limited for registration & servicing of Atal Pension Yojana and servicing of NPS Lite Scheme.