Bandhan Bank FD Calculator
FD Interest Rates for Domestic/NRE deposits of less than Rs 2 crore - General Citizens
| Tenure | Regular Citizens |
| 7 days – 14 days | 3 |
| 15 days – 30 days | 3 |
| 31 days – less than 2 months | 3.5 |
| 2 months – less than 3 months | 4.5 |
| 3 months – less than 6 months | 4.5 |
| 6 months – less than 1 year | 4.5 |
| 1 year – 18 months | 7 |
| Above 18 months – less than 2 years | 7 |
| 2 years – less than 3 years | 7 |
| 3 years – less than 5 years | 7 |
| 5 years – 10 years | 5.6 |
Note: The FD interest rates are effective as of 22 August 2022
FD Interest Rates for Domestic/NRE deposits of less than Rs 2 crore - Senior Citizens
| Tenure | Senior Citizens |
| 7 days – 14 days | 3.75 |
| 15 days – 30 days | 3.75 |
| 31 days – less than 2 months | 4.25 |
| 2 months – less than 3 months | 5.25 |
| 3 months – less than 6 months | 5.25 |
| 6 months – less than 1 year | 5.25 |
| 1 year – 18 months | 7.5 |
| Above 18 months – less than 2 years | 7.5 |
| 2 years – less than 3 years | 7.5 |
| 3 years – less than 5 years | 7.5 |
| 5 years – 10 years | 6.35 |
Note: The FD interest rates are effective as of 22 August 2022
Bandhan Bank Tax Saver Deposit - General Public
| Tenure | Regular Citizens |
| 5 years – 10 years | 5.6 |
Bandhan Bank Tax Saver Deposit - Senior Citizens
| Tenure | Senior Citizens |
| 5 years – 10 years | 6.35 |
Interest Rates on FCNR (B) deposits
| Tenure/Currency | Interest Rates (% p.a.) | ||
| USD | GBP | EUR | |
| 1 year – less than 2 years | 4.13 | 3.86 | 1.92 |
| 2 years – less than 3 years | 4.33 | 4.34 | 2.34 |
| 3 years – less than 4 years | 4.12 | 4.12 | 2.33 |
| 4 years – less than 5 years | 3.82 | 3.78 | 2.23 |
| 5 years only | 2.33 | 2.24 | 0.98 |
Note: The FD interest rates are effective as of month of September
Best Bandhan Bank FD Rates in India - With Premature Payment Facility
| Tenure | Rs.2 crore to Rs.10 crore | More than Rs.10 crore to less than Rs.25 crore | Rs.25 crore to less than Rs.50 crore | Rs.50 crore and above |
| 7 days to 15 days | 3.25% | 3.25% | 3.25% | 3.25% |
| 16 days to 28 days | 3.25% | 3.25% | 3.25% | 3.25% |
| 29 days to 45 days | 3.75% | 3.75% | 3.75% | 3.75% |
| 46 days to 90 days | 3.75% | 3.75% | 3.75% | 3.75% |
| 91 days to 180 days | 3.75% | 3.75% | 3.75% | 3.75% |
| 181 days to 364 days | 4.00% | 4.00% | 4.00% | 4.00% |
| For 365 days | 5.75% | 5.75% | 5.75% | 5.75% |
| For 366 days | 5.75% | 5.75% | 5.75% | 5.75% |
| For 367 days to less than 15 months | 5.25% | 5.25% | 5.25% | 5.25% |
| 15 months to less than 2 years | 5.25% | 5.25% | 5.25% | 5.00% |
| 2 years to less than 3 years | 5.25% | 5.25% | 5.25% | 5.25% |
| 3 years to less than 5 years | 5.00% | 5.00% | 5.00% | 5.00% |
| 5 years to 10 years | 5.00% | 5.00% | 5.00% | 5.00% |
Note: The FD interest rates are effective as of 18 May 2022
Best Bandhan Bank FD Rates in India - Without Premature Payment Facility
| Tenure | Rs.2 crore to Rs.10 crore | More than Rs.10 crore to less than Rs.25 crore | Rs.25 crore to less than Rs.50 crore | Rs.50 crore and above |
| 7 days to 15 days | 3.25% | 3.25% | 3.25% | 3.25% |
| 16 days to 28 days | 3.25% | 3.25% | 3.25% | 3.25% |
| 29 days to 45 days | 3.75% | 3.75% | 3.75% | 3.75% |
| 46 days to 90 days | 4.00% | 4.00% | 4.00% | 4.00% |
| 91 days to 180 days | 4.50% | 4.50% | 4.50% | 4.50% |
| 181 days to 364 days | 4.75% | 4.75% | 4.75% | 4.75% |
| For 365 days | 6.50% | 6.50% | 6.50% | 6.50% |
| For 366 days | 6.50% | 6.50% | 6.50% | 6.50% |
| For 367 days to less than 15 months | 6.50% | 6.50% | 6.50% | 6.50% |
| 15 months to less than 2 years | 6.50% | 6.50% | 6.50% | 6.50% |
| 2 years to less than 3 years | 6.50% | 6.50% | 6.50% | 6.50% |
| 3 years to less than 5 years | 5.50% | 5.50% | 5.50% | 5.50% |
| 5 years to 10 years | 5.50% | 5.50% | 5.50% | 5.50% |
Note: The FD interest rates are effective as of 18 May 2022
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Bandhan Bank FD Calculator
Fixed deposit is popular among Indian investors due to its guaranteed return and low risk. It offers higher returns than regular savings accounts. Also, if you invest in a tax-saver FD, you will be able to avail of tax benefits of up to ₹1.5 lakh under Section 80C of the IT Act.
Bandhan Bank fixed deposit tenure ranges from 7 days to 10 years and offers attractive interest rates. These FDs are safe and customised ways to grow your savings. It can be helpful for your financial planning to calculate the maturity amount of your fixed deposit. You can do so using the online Bandhan Bank FD calculator. Let’s learn more about this tool.
Bandhan Bank Fixed Deposit (FD) Calculator
Bandhan Bank offers interest rates ranging between 3% and 7.50% for general public. Senior citizens enjoy an additional interest rate of up to 0.75% applicable over the general interest rate. The FD interest rates for senior citizens range from 3.75% and 8%. These rates are for an investment of less than ₹2 crore.
The applicable interest rate depends on your investment tenure and amount. It can be quite hectic to calculate the interest accrued and maturity amount manually. Using an online Bandhan Bank FD calculator is an alternative method which is time-saving and hassle-free as well. You can get accurate results within a minute.
How Does the Bandhan Bank FD Calculator Work?
Bandhan Bank fixed deposit calculator is easy to use. You can use this tool by following the given steps:
1. Enter your investment amount in the “Total Investment” box
2. Now, input the investment tenure. Drag the cursor to draw a purple line until it reaches the preferred tenure. Alternatively, you can also enter the number of years in the box provided
3. Finally, enter applicable interest rate and view the right side of the page
4. It will display the “Estimated Return”, and “Total Value” received against your FD
Fixed deposit interest amount is calculated in two ways: compound and simple interest.
If the FD accrues compound interest, then the formula is:
A = P (1 + r/n) ^ n*t
In this formula, “A” represents the FD maturity amount
“P” denotes your fixed deposit investment amount
“r” implies the annual Bandhan Bank fixed deposit rate of interest
“n” stands for the frequency of compounding interest
“t” represents the investment term or tenure
While using a Bandhan Bank FD calculator, you need to enter the investment amount, tenure and interest rate properly to calculate an accurate maturity amount.
Let’s take an example to understand the calculation procedure precisely:
So, let’s assume a fixed deposit investment of ₹1,00,000 for 5 years at an annual interest rate of 6.5% compounded annually
Putting the inputs in the above formula, we get-
A = 1,00,000 (1 + 6.5%/1) ^ 1*5
A = ₹1,38,042.
So, the interest amount is A – P, i.e., 1,38,042- 1,00,000= ₹38,042
If the FD accrues simple interest, then this formula is used:
M= P+ (PXRXT/100)
Here,
M stands for maturity amount, P denotes investment amount, T is tenure of investment and R is for applicable rate of interest.
Benefits of An Online Bandhan Bank FD Calculator
Look at these notable benefits of the Bandhan Bank FD calculator:
- This tool can be effectively used to obtain error-free results as it uses machine algorithms.
- This tool is time-saving and quite easy to use as it comes with a simplified user interface.
- The Bandhan Bank fixed deposit interest rate varies as per the investment tenure. So, you can compare the interest received for different investment terms and select a suitable FD scheme.
This free online tool helps in chalking out financial objectives in a hassle-free way. - This tool is completely free to use and you can use it any time anywhere. You don’t need to register or sign up or provide any kind of personal details.
Upstox Bandhan Bank fixed deposit calculator is an effective tool when it comes to financial planning and determining the interest and maturity amount of your fixed deposits. Additionally, it lays out a user-friendly interface for enhanced user experience. In case up are planning to invest in an FD with Bandhan Bank, check out this calculator to make an informed financial decision.
Frequently Asked Questions
What is the highest interest rate in Bandhan Bank FD?
The highest rate of interest applicable on Bandhan Bank FD is 7.50% for general citizens. This rate can be a maximum of 8% for senior citizens. These rates are applicable for deposit amount of less than or equal to ₹2 crore.
What is the minimum amount of investment for FDs under Bandhan Bank?
You can start with a minimum amount of ₹1000 in FDs under Bandhan Bank.
Do we have a premature withdrawal facility on Bandhan Bank FD?
Yes, there is a premature withdrawal facility available on Bandhan Bank FD at applicable penalty.
What is the penalty for early withdrawal in Bandhan Bank FD?
Bandhan Bank charges a 1% penal interest rate on early withdrawal of FD on the base rate.
In how many years will my Bandhan Bank fixed deposit become double?
You can calculate the years by which your fixed deposit will double in Bandhan Bank by using the Rule of 72. You just have to divide 72 by the interest rate applicable. For example, if your bank offers a 6% interest rate on your FD, it will take (72/6) 12 years for your FD deposit amount to double.
Can a customer open a term deposit account online in Bandhan Bank?
Yes, a customer can apply and open a term deposit account online in Bandhan Bank.
Can I deposit an extra amount into an already existing FD?
No, you cannot deposit an extra amount into an already existing FD. Instead, you can open a new FD and start investing.
What is the lock-in period for Tax-saving FD Scheme?
The lock-in period for tax saving FD scheme is ideally 5 years. Early withdrawal and loan against FD facilities are not available during lock-in period.
Are there any special rates for senior citizens?
Yes, Bandhan Bank offers an additional interest component of 0.75% for senior citizens opening an FD. The interest rate applicable for senior citizen FD can be a maximum of 8% for less than ₹2 crore investments.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.