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How to Open Bandhan Bank Fixed Deposit Account

Updated 29 Aug 2023

Fixed Deposits (FDs) are one of India's most popular and trusted financial instruments, known for their safety and predictable returns. Bandhan Bank, rising as a notable player in the banking sector, offers a seamless process for opening an FD account. Bandhan Bank presents a promising choice for those looking to invest their funds in a reliable avenue.

 

This guide simplifies the process, highlighting the steps and prerequisites of opening an FD account with Bandhan Bank. Dive in to understand how to grow your savings with the bank's lucrative interest rates and customer-centric services.

Opening an FD Account through various Modes

Through Mobile App
Step 1- Download the Bandhan Bank mobile application from the app or play store and log in.
Step 2- Select the menu option under the ‘Save’ tab, and select the ‘Deposit’ option to proceed.
Step 3- Select the ‘Open Fixed Deposit’ option.
Step 4- Enter all the personal details and also enter the nominee details.
Step 5- Verify all the details and Click confirm to book a new deposit.

 

Offline way
Step 1- Visit the bank branch.
Step 2- Take the FD application form. 
Step 3- Fill in the required details and submit the necessary documents. 
Step 4- Submit the form to the branch. 
Step 5- Bank will provide an FD receipt on successfully processing the application.

 

Through Internet banking
Step 1- Login to the Bandhan Bank NetBanking account.
Step 2- In the main menu, select the ‘Fixed Deposit’ option and choose the type of deposit.
Step 3- Fill in all the relevant details along with nominee details.  
Step 4- Verify all the details and click ‘Submit’ to book a new fixed deposit.

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Bandhan Bank FD Eligibility Criteria

  • Resident Indians
  • Senior citizens
  • Members of HUF
  • NRIs are eligible to open their fixed deposit accounts with Bandhan Bank.

One can start a fixed deposit with a minimum amount of ₹ 1,000. (Except Premium and Dhan Samriddhi FDs). There isn't any maximum limit for the fixed deposit amount.

Documents required for Bandhan Bank FD account

Banks require the below-listed documents for completing the Mandatory Know Your Customer (KYC) procedure before opening an account for its customer

  • For Identity Proof and Signature Proof – PAN Card, Driving License, Passport, Voter’s ID or Aadhar Card.
  • For Address proof - PAN Card, Driving License, Passport, Voter’s ID or Aadhar Card, Utility Bill, Bank account Passbook (Updated and should not be more than 3 months old)
  • Form 15H or Form 15G.

FAQs

Can I avail of a loan against my Bandhan Bank Fixed Deposit?

Yes, Bandhan Bank offers loans against fixed deposits. The loan amount offered can be up to 90% of the deposit amount, and the interest rate charged on the loan is generally lower than that of other loans.

Can I open a Bandhan Bank Fixed Deposit account online?

You can open a Bandhan Bank Fixed Deposit account online through the bank's website or mobile app. You can also visit a Bandhan Bank branch and open a personal fixed deposit account.

What is the minimum and maximum deposit amount for Bandhan Bank Fixed Deposit?

The minimum deposit amount for Bandhan Bank Fixed Deposit is ₹ 1000, and there is no maximum limit.

What is the interest rate offered by Bandhan Bank on Fixed Deposits?

The interest rate Bandhan Bank offers on its fixed deposit varies based on the tenure and deposit amount chosen by the customer. The interest rate currently ranges from 3.00% to 6.50% per annum.

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.