Bandhan Bank is one the latest bank to come into operation. The bank commenced its operations in 2014. Since then, it has become India’s 8th largest bank by market capitalization.
Bandhan Bank offers a wide range of recurring deposit schemes. A recurring deposit is an ideal investment option designed to help you grow your money slowly and steadily.
Note: The RD rates have been sourced from the official website of Bandhan Bank. Please note that Interest Rates are subject to change, without notice, as per the market trends and the bank’s decision in this regard is final.
| Tenor | Interest Rate |
|---|---|
| 7 days to 14 days | 3.50% |
| 15 days to 30 days | 4.00% |
| 31 days to Less than 2 months | 4.00% |
| 2 months to less than 3 months | 4.00% |
| 3 months to less than 6 months | 4.50% |
| 6 months to less than 1 year | 6.80% |
| 1 year to 18 months | 7.35% |
| Above 18 months to less than 2 years | 7.65% |
| 2 years to less than 5 years | 7.50% |
| 5 years to less than 7 years | 7.50% |
| 7 years to upto 10 years | 6.40% |
| Tenor | Interest Rate |
|---|---|
| 7 days to 14 days | 3.50% |
| 15 days to 30 days | 4.00% |
| 31 days to Less than 2 months | 4.00% |
| 2 months to less than 3 months | 4.00% |
| 3 months to less than 6 months | 4.50% |
| 6 months to less than 1 year | 6.80% |
| 1 year to 18 months | 7.35% |
| Above 18 months to less than 2 years | 7.65% |
| 2 years to less than 5 years | 7.50% |
| 5 years to less than 7 years | 7.50% |
| 7 years to upto 10 years | 6.40% |
| Tenor | Interest Rate |
|---|---|
| 7 days to 14 days | 3.50% |
| 15 days to 30 days | 4.00% |
| 31 days to Less than 2 months | 4.00% |
| 2 months to less than 3 months | 4.00% |
| 3 months to less than 6 months | 4.50% |
| 6 months to less than 1 year | 6.80% |
| 1 year to 18 months | 7.35% |
| Above 18 months to less than 2 years | 7.65% |
| 2 years to less than 5 years | 7.50% |
| 5 years to less than 7 years | 7.50% |
| 7 years to upto 10 years | 6.40% |
Senior Citizens will get additional 0.75% over and above the given slab rates.
Mentioned below are the features of Bandhan Bank Recurring Deposit Account:
It can be opened by a resident individual, HUFs, NRI via NRE/NRO accounts, minor under parental guardianship.
If you are an existing savings account holder of Bandhan Bank, you can easily open an instant RD account via net banking. If you do not have any relationship with the bank, you will have to physically visit the bank branch and open an RD account.
What is the interest rate that Bandhan Bank Recurring Deposit offers on senior citizens RDs?
The interest rate offered by Bandhan Bank to senior citizens is 0.75% additional to the rates offered to the normal citizens.
Can I make alterations to the tenure of my ongoing Bandhan Bank Recurring Deposit?
No, you cannot make any alterations to the tenure of your ongoing RD.
What is the highest interest rate that is offered by the Bandhan Bank Recurring Deposit?
The highest interest rate offered by Bandhan Bank RD is 7.65% for a tenure of 18 months to 2 years.
What is the minimum amount required to start Bandhan Bank Recurring Deposit account?
The minimum amount required to open an RD with Bandhan Bank is ₹500.
Can I open my Bandhan Bank Recurring Deposit without a PAN card?
Yes, you can open an RD with any other KYC document. In case you do not have a PAN card, you will be required to fill form 60 at the time of opening a new RD.
