March 27, 2026

Bandhan Bank Savings Account - Interest Rates & Opening

Bandhan Bank is one of India's youngest yet most popular private sector scheduled commercial banks. The bank has been at the forefront of innovative investment and financial products. Bandhan Bank savings accounts come under the 'Personal Banking' category. Currently, the bank offers 10 types of savings accounts for different customers.

Bandhan Bank also offers the following options in the Personal Banking, Business Banking, and NRI Banking categories:

Personal Banking - Savings Account, Home Loan, Gold Loans, Loan against Term Deposit, Fixed Deposits, Mobile Banking, Internet Banking, Money Transfer, Health Insurance, Life Insurance, Car Insurance
Business Banking - Micro Loan, Loan for Medium & Large Business, Corporate Salary Account, Current Account, Institutional Account
NRI Banking - NRE/NRO Savings Account, Deposits, Remittance (through bank), Money Transfer, Mobile Banking

Read on for a detailed guide to all Bandhan Bank savings account types, the minimum balance requirements, interest rates, and charges before investing your hard-earned money!

Bandhan Bank: An Overview

Bandhan Bank is one of India's newest yet most vibrant commercial banks. The bank's operations are managed by Mr Chandra Shekhar Ghosh (Chief Executive Officer), Mr Santanu Banerjee (HR Head), Mr Shantanu Sengupta (Retail Banking Head), Mr Sunil Samdani (Chief Financial Officer), Mr Biswajit Das (Chief Risk Officer), and Mr Manoj Kumar Mauni (Chief Technology Officer). Bandhan Bank's headquarters is located in Salt Lake City, Kolkata. The bank's customer care (toll-free) number is 1800-258-8181, and the email address is customercare@bandhanbank.com.

According to Bandhan Bank's Annual Report 2021-22, the bank has 2.63 crore customers, 60,211 employees, 5,639 banking outlets, and 432 voice-enabled ATMs in 566 districts of 34 Indian states. As indicated by the distribution of banking outlets, Bandhan Bank's primary focus is on rural and semi-urban areas. So, a whopping 37% of its banking outlets are in semi-urban areas, followed by 35% in rural areas, 18% in urban areas, and 10% in Metro cities. Furthermore, the bank's savings account deposit value has grown from INR 29,260.32 crore in FY 21 to INR 34,616.86 crore in FY 22.

Read on to learn more about the various Bandhan Bank savings account types, interest rates, minimum balances, eligibility, and other details.

Different Types of Bandhan Bank Savings Accounts

Bandhan Bank currently offers 10 types of savings accounts for customers in the 'Retail' category. They are as follows:

Neo+ Digital Savings Account - vKYC
Elite Savings Account
Premium Savings Account
Advantage Savings Account
Standard Savings Account
Special Savings Account
Sanchay Savings Account
Corporate Salary Account
BSBDA Savings Account
BSBDA - Small Savings Account

The following sections contain detailed information about the most popular Bandhan Bank savings account.

Bandhan Bank Neo+ Digital Savings Account: vKYC

Neo+ Digital Savings Account is Bandhan Bank's latest offering, simplifying opening a savings account for investors. Investors can open a digital account in minutes without any paperwork. Any eligible investor with a PAN card and Aadhar card can open a Neo+ Digital Savings Account. However, customers need a smartphone, tablet, laptop, or desktop to complete the video KYC (Know Your Customer) process. The minimum balance requirement for this Bandhan Bank savings account is INR 5,000.

The features offered by a Neo+ Digital Savings Account include:

Fully contactless and paperless account opening process
- Free access to Internet Banking and mBandhan mobile app
- Low Monthly Average Balance (MAB) of INR 5,000
- Attractive shopping offers
- Visa Classic Debit Card
- Multi-city cheque leaves

Detailed below are some important criteria for a Neo+ Digital Savings Account:

MAB (Monthly Average Balance)	INR 5,000
MAB Penal Charges	Nil
Free Cash Deposit limit per month	Unlimited
RTGS-NEFT (Branch)-IMPS-DD	10 Free Transactions
Cheque Leaves	20 Chq Leaves
Debit Card Issuance Charges	INR 200 (For Visa Classic)
Debit Card AMC	AMC (Applicable from 2nd year onwards)
Bandhan ATM - Transaction	Unlimited
Other ATM - Free Transaction	5
Pass Book	Free
Email Statement	Free
Annual Consolidated Statement	NA
SMS Alert	Free

The eligibility for a Neo+ Digital Savings Account includes the following:

Any Indian citizen above 18 with a PAN card and mobile-linked Aadhar card can apply for the Neo+ Digital Savings account. However, the applicant must be new to Bandhan Bank.
- The applicant must be present in India at the time of account opening.
- The device used for vKYC must have an active front camera.

The documents required for a Neo+ Digital Savings Account are listed below:

PAN Card
- Mobile-enabled Aadhar card
- Full signature on a white paper using a black pen.

Bandhan Bank Elite Savings Account

Bandhan Bank Elite Savings Account entitles the customer to receive personalised attention, preferential banking services, special offers on shopping and dining, insurance coverage, and much more. Moreover, the interest rate of the Elite Savings Account is higher than other Bandhan Bank savings accounts.

The features offered by an Elite Savings Account include:

Preferential banking and personalised attention from a dedicated branch/ relationship manager
- A host of complimentary services for free
- Higher interest rate than standard savings accounts
- Free funds transfer
- Free Any Branch Banking, Mobile Banking, Internet Banking, and Phone Banking
- 24-hour customer support

Detailed below are some important criteria for an Elite Savings Account:

MAB (Monthly Average Balance)	MAB of SB A/c - INR 5 lakh, or FD(s) worth INR 25 lakh
MAB Penal Charges	Nil
Free Cash Deposit limit per month	Unlimited
RTGS-NEFT (Branch)-IMPS-DD	Unlimited
Cheque Leaves	Unlimited
Debit Card Issuance Charges	Nil
Debit Card AMC	Nil
Bandhan ATM - Transaction	Unlimited
Other ATM - Free Transaction	Unlimited
Pass Book	Free
Email Statement	Free
Annual Consolidated Statement	Free
SMS Alert	Free

The eligibility criteria for an Elite Savings Account include the following:

Any resident Indian above 18.
- The customer must maintain a MAB of INR 5 lakh, FDs totaling INR 25 lakh or a Total Relationship Value (TRV) of INR 15 lakh (INR 2 lakh in SB A/C + Fixed Deposits)

The documents required for an Elite Savings Accountare listed below:

Identify proof (of both applicants for a joint account)
- Address proof (of both applicants for a joint account)
- Passport size photograph - one copy (of both applicants for a joint account)

Bandhan Bank Premium Savings Account

Like the Elite Savings Account, Bandhan Bank Premium Savings Account is meant for special customers. This account provides preferential treatment, smart banking, and lifestyle privileges to customers. Besides high interest rates, the Premium Savings Account also offers exclusive dining, shopping, entertainment, and travel privileges.

The features offered by a Premium Savings Account include:

Preferential banking
- Exclusive dining, shopping, entertainment, and travel privileges
- Higher interest rate than standard savings accounts
- Smart banking benefits
- Free Any Branch Banking, Mobile Banking, Internet Banking, and Phone Banking
- 24-hour customer support
- Free SMS and email transaction alerts

Listed below are some important details for a Premium Savings Account:

MAB (Monthly Average Balance)	INR 1,00,000
MAB Penal Charges	Nil
Free Cash Deposit limit per month	INR 10,00,000
RTGS-NEFT (Branch)-IMPS-DD	25 Free Transactions
Cheque Leaves	100 Chq Leaves
Debit Card Issuance Charges	No Charges for Visa Platinum
Debit Card AMC	No Charges for Visa Platinum
Bandhan ATM - Transaction	Unlimited
Other ATM - Free Transaction	25
Pass Book	Free
Email Statement	Free
Annual Consolidated Statement	Free
SMS Alert	Free

The eligibility criteria for a Premium Savings Account include the following:

Any resident Indian living in India
- Any Hindu Undivided Family (HUF)
- Must maintain a MAB of INR 1 lakh

The documents required for a Premium Savings Account are listed below:

Identify proof (of both applicants for a joint account)
- Address proof (of both applicants for a joint account)
- Passport size photograph - one copy (of both applicants for a joint account)
- Identity proof with HUF entity's proof of existence (for HUF)
- HUF Mandate (for HUF)
- Karta's identity and address proof (for HUF)
- All adult coparceners must sign the Joint Hindu Family Letter

Bandhan Bank Advantage Savings Account

The Advantage Savings Account provides multiple benefits, such as higher interest rates, complementary services, higher transaction limits, and the like to account holders. The minimum balance requirement for a Bandhan Bank Advantage savings account is INR 25,000.
The features offered by an Advantage Savings Accountinclude:

Higher interest rate than standard savings accounts
- Free cash deposit limit of INR 5 lakh per month
- Free 40 multi-city at-par cheque leaves per month
- Free Any Branch Banking, Mobile Banking, Internet Banking, and Phone Banking
- 24-hour customer support
- Free transaction alerts

Listed below are some important details regarding an Advantage Savings Account:

MAB (Monthly Average Balance)	INR 25,000
MAB Penal Charges	Nil
Free Cash Deposit limit per month	INR 5,00,000
RTGS-NEFT (Branch)-IMPS-DD	10 Free Transactions
Cheque Leaves	40 Chq Leaves
Debit Card Issuance Charges	INR 300 (For Visa Platinum)
Debit Card AMC	AMC (Applicable from 2nd year onwards)
Bandhan ATM - Transaction	Unlimited
Other ATM - Free Transaction	10
Pass Book	Free
Email Statement	Free
Annual Consolidated Statement	NA
SMS Alert	Free

The eligibility criteria for an Advantage Savings Account include the following:

Any resident living in India
- Any Hindu Undivided Family (HUF)
- Must maintain a MAB of INR 25,000

The documents required for an Advantage Savings Account are listed below:

Identify proof (of both applicants for a joint account)
- Address proof (of both applicants for a joint account)
- Passport size photograph - one copy (of both applicants for a joint account)
- Identity proof with HUF entity's proof of existence (for HUF)
- HUF Mandate (for HUF)
- Karta's identity and address proof (for HUF)
- All adult coparceners must sign the Joint Hindu Family Letter

Bandhan Bank Standard Savings Account

Bandhan Bank Standard Savings account is a low-maintenance savings account that provides multiple benefits and high interest rates. The minimum balance requirement of this account is INR 5,000.

The features offered by a Standard Savings Account include the following:

Attractive interest rate
- Free cash deposit limit of INR 2 lakh per month
- Free 20 multi-city at-par cheque leaves per month
- Free Passbook
- Free Any Branch Banking, Mobile Banking, Internet Banking, and Phone Banking
- 24-hour customer support
- Free nomination facility
- Free transaction alerts

Listed below are some important details for a Standard Savings Account:

MAB (Monthly Average Balance)	INR 5,000
MAB Penal Charges	Nil
Free Cash Deposit limit per month	INR 2,00,000
RTGS-NEFT (Branch)-IMPS-DD	2 Free Transactions
Cheque Leaves	20 Chq Leaves
Debit Card Issuance Charges	INR 150 (For Rupay Classic)
Debit Card AMC	AMC (Applicable from 2nd year onwards)
Bandhan ATM - Transaction	Unlimited
Other ATM - Free Transaction	5
Pass Book	Free
Email Statement	Free
Annual Consolidated Statement	NA
SMS Alert	Free

The eligibility criteria for a Standard Savings Account include the following:

Any Indian resident residing in the country
- Any Hindu Undivided Family (HUF)
- Must maintain a MAB of INR 5,000

The documents required for a Standard Savings Account are listed below:

Identify proof (of both applicants for a joint account)
- Address proof (of both applicants for a joint account)
- Passport size photograph - one copy (of both applicants for a joint account)
- Identity proof with HUF entity's proof of existence (for HUF)
- HUF Mandate (for HUF)
- Karta's identity and address proof (for HUF)
- All adult coparceners must sign the Joint Hindu Family Letter

Bandhan Bank Sanchay Savings Account

Bandhan Bank Sanchay Savings Account provides investors the perfect opportunity to start their investment journey. The minimum balance requirement of this account is only INR 2,000.

The features offered by a Sanchay Savings Account include:

Attractive interest rate
- Free cash deposit limit of INR 2 lakh per month
- Free 20 multi-city at-par cheque leaves per month
- Free Passbook
- Free Any Branch Banking, Mobile Banking, Internet Banking, and Phone Banking
- 24-hour customer support
- Free nomination facility
- Free standing instruction for Bandhan Bank accounts

Listed below are some important details regarding a Sanchay Savings Account:

MAB (Monthly Average Balance)	INR 2,000
MAB Penal Charges	Nil
Free Cash Deposit limit per month	INR 2,00,000
RTGS-NEFT (Branch)-IMPS-DD	2 Free Transactions
Cheque Leaves	20 Chq Leaves
Debit Card Issuance Charges	INR 150 (For Rupay Classic)
Debit Card AMC	AMC (Applicable from 2nd year onwards)
Bandhan ATM - Transaction	Unlimited
Other ATM - Free Transaction	5
Pass Book	Free
Email Statement	Free
Annual Consolidated Statement	NA
SMS Alert	Free

The eligibility criteria for a Sanchay Savings Account include the following:

Any resident Indian living in India
- Any Hindu Undivided Family (HUF)
- Must maintain a MAB of INR 2,000

The documents required for a Sanchay Savings Account are listed below:

Identify proof (of both applicants for a joint account)
- Address proof (of both applicants for a joint account)
- Passport size photograph - one copy (of both applicants for a joint account)
- Identity proof with HUF entity's proof of existence (for HUF)
- HUF Mandate (for HUF)
- Karta's identity and address proof (for HUF)
- All adult coparceners must sign the Joint Hindu Family Letter

BSBDA Savings Account

The BSBDA Savings is a zero-balance account to let investors start their financial journey. Bandhan Bank offers an ATM cum Debit card, NEFT facility, and a passbook to all BSBDA account holders.

The features offered by a BSBDA Savings Account include the following:

Attractive interest rate
- No minimum balance needed to maintain the account
- Free Debit card
- Free unlimited cash deposits
- Free Passbook
- Free SMS alerts

Listed below are some important details regarding a BSBDA Savings Account:

MAB (Monthly Average Balance)	Nil
MAB Penal Charges	Nil
Free Cash Deposit limit per month	Unlimited
RTGS-NEFT (Branch)-IMPS-DD	4 Free Transactions
Cheque Leaves	Not issued
Debit Card Issuance Charges	No charges for Rupay Classic
Debit Card AMC	No charges for Rupay Classic
Bandhan ATM - Transaction	4
Other ATM - Free Transaction	4
Pass Book	Free
Email Statement	NA
Annual Consolidated Statement	NA
SMS Alert	Free

The eligibility criteria for a BSBDA Savings Account include the following:

Any resident living in India

The documents required for a BSBDA Savings Account are listed below:

Identify proof (of both applicants for a joint account)
- Address proof (of both applicants for a joint account)
- Passport size photograph - one copy (of both applicants for a joint account)

How to Open a Bandhan Bank

Detailed below are the steps to be followed for opening Bandhan Bank Savings Account:

Online

Visit Bandhan Bank's official website.
Scroll down to find 'Savings Account.'
Click on 'Apply Now.'
Enter your name, email ID, mobile number, PIN Code, and City, and click on 'Submit.'
Wait until a bank-appointed representative calls you to discuss the modalities of account opening. Alternatively, you may download the Bandhan Bank Advantage Savings Account opening form online and submit it with the necessary documents.

Offline

Visit Bandhan Bank's official "Banking Outlet Locator" page.
Select the State, District, and Branch, and click on 'Search.'
The page displays the branch timings, ATM availability status, address, mobile number, and email ID.
Visit your nearest branch in-person.
Collect the Bandhan Bank Savings Account opening application form. Fill this out, and submit it along with the requisite documents.
The bank will verify your application and documents and send the starter kit to your registered postal address.
You can perform banking transactions once your account gets activated.

What Are the Interest Rates of Bandhan Bank Savings Account?

Bandhan Bank offers savings account interest rates as per the following slabs:

Daily Balance Amount	Interest Rate
Daily Balance less than INR 1 lakh	3.00%
Daily Balance between INR 1 lakh and 10 lakh	6.00%
Daily Balance between INR 10 lakh and 2 crore	6.25%
Daily Balance between INR 2 crore and 10 crore	6.25%
Daily Balance between INR 10 crore and 50 crore	6.50%

Concluding Remarks

Bandhan Bank offers numerous different types of savings accounts to choose from. These also come with a wide range of features and benefits which can be availed once you open an account with Bandhan Bank. While keeping your money secure, these savings accounts also offer attractive interest rates, which are applicable as per the minimum daily balance.

FAQs

What are the different types of Bandhan Bank savings accounts?

Bandhan Bank offers eleven (11) types of savings accounts, such as Neo+ Digital Savings Account - vKYC, Elite Savings Account, Premium Savings Account, Advantage Savings Account, Standard Savings Account, Special Savings Account, Sanchay Savings Account, Corporate Salary Account, BSBDA Savings Account, and BSBDA - Small Savings Account.

How can I open a Bandhan Bank savings account?

You can open the Bandhan Bank Neo+ Digital vKYC Savings Account by visiting the bank's official website and uploading your PAN and Aadhar card. However, visiting a bank branch is mandatory to open other savings accounts. Click here to find your nearest Bandhan Bank branch.

What is the interest rate of the Bandhan Bank savings account?

Bandhan Bank's savings account interest rate depends on the daily balance available in the customer's account. The interest rate usually ranges between 3% and 6.50% per annum.

Which documents should I submit to open a Bandhan Bank savings account?

You must submit your PAN card, Aadhar card, and passport-size photograph to open a Bandhan Bank savings account.

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