Bandhan Bank Fixed Deposit (FD) Interest Calculator

Bandhan Bank FD Calculator helps investors calculate the amount of interest for different terms and amounts and select the suitable investment option.
The Bandhan Bank FD Calculator is readily available on the official website. The investment can be made for 7days or two years, or even five years.

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Maximum returns Offered by Guaranteed

6.5%**

Fixed Deposits

(by SBI bank)

(5-10 Years)

7.1%***

Public Provident Fund

(other popular options)

(15 Years)

We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
In-built life cover
Get Guaranteed returns upto 7.1%* With Life Cover
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We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: *The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.
Bandhan Bank FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

Bandhan Bank offers many options and a good amount of interest. The impact of investing and the final amount or investment yield one will receive after maturity can be calculated using the Bandhan Bank FD Calculator.

How Does a Bandhan Bank FD Calculator Work?

Bandhan Bank offers flexibility and freedom to choose the investment option according to the investor’s will and requirements. Bandhan Bank FD Calculator displays the amount of yield one will receive after maturity. For this, one needs to fill in the information like the date of stating the FD, Amount to be deposited, Term, and payment of interest. The interest rate is applied based on the filled information, and one gets to know the benefits one will receive on that investment.

Fixed Deposit interest rates for domestic customers are different from the rates applicable for NRIs. Senior citizens can get higher rates of interest. Bandhan Bank FD Calculator Chart is as follows:

For Deposit Amount of Rs.2 Crore, Bandhan Bank FD rates are-

Tenure

FD Rates (p.a.) Regular Citizen

FD Rates(p.a.) Senior Citizen

7 days -14 days

3.00%

3.75%

15 days- 3 months

3.00%

3.75%

31 days- less than 2 months

3.50%

4.25%

2 months- less than 3 months

3.50%

4.25%

3 months to below 6 months

3.50%

4.25%

2 months to below 1 year

5.25%

6.00%

1 year-18 months

5.75%

6.50%

18 months to below 2 years

5.75%

6.50%

2 years to below  3 years

5.75%

6.50%

3 years to below 5 years

5.50%

6.25%

5 - 10 years

5.50%

6.25%

These interest rates are applicable on deposits below Rs 2 Crore. To get the information on deposits above Rs 2 Crore, one must visit the Bank. Interest in Non-Resident External (NRE) and Non-Resident Ordinary (NRO) is the same as applied to domestic term deposits in Bandhan Bank.

Bandhan Bank Foreign Currency Non-Resident (FCNR) FD Interest Rates are:

Tenure

USD

GBP

EUR

1 year- below 2 years

0.98%

0.70%

0.01%

2 years – below 3 years

1.05%

0.89%

0.01%

3 years- below 4 years

1.25%

0.98%

0.01%

4 years- below 5 years

1.49%

1.12%

0.01%

5 years only

1.72%

1.23%

0.01%

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If one withdraws the FCNR deposit before one year is completed, no interest will be paid on the Deposit. The rates mentioned above are for May 2021.

The charts show the investment amount, term, compounding frequency, and the applicable interest play an essential role in the final calculation. The Bandhan Bank FD Calculator asks questions related to these factors. It will then display the outcome.

*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Simple Interest and Compound Interest

Fixed Deposits can earn Simple as well as Compound interest. The simple Interest method is used when the amount or the term of Deposit is quite less. Interest is denoted in percentage. It is a fixed rate earned on the amount deposited with the bank. This amount invested initially is called the 'Principal'. Simple Interest: The percentage earned on principal amount regularly for the defined period.

  • I = PNR is the formula to calculate simple interest,where ‘I’ is the simple interest, p is the principal amount invested, n denotes the tenure, and r  stands for the prevailing interest rate.
  • Compound Interest:The interest earned in the previous period is added to the Principal. The principal amount for the next period becomes Principal + Compound interest earned in the previous period.

The formula calculates the returns the investors will receive. Compound Interest is generally higher than the other interest.

For Deposits whose tenure is 1 year, Simple Interest is applied by the Bandhan Bank FD Calculator according to the Bank's rules. After that, the interest is compounded Half-yearly.

A = P (1+ r/n) ^ (n*t)

Here:

  • A is the amount one will receive on maturity
  • P stands for Principal Amount
  • r is the interest rate
  • n represents the frequency of compounding in a year/ number of times the interest is compounded
  • t denotes the tenure
FD interest have fallen consistently over the last 5 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years
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Plan better with: SIP Calculator

How can one operate Bandhan Bank FD Calculator using Policybazaar?

The Bandhan Bank FD Calculator makes use of the vital information needed to calculate accurate results. A similar principle is employed at the Policybazaar Bandhan Bank FD Calculator to help investors find suitable plans and earn higher returns. The process is easy and user-friendly. The steps to be followed are straightforward and definite for any layman to use. One can compare the various options and make the best-informed decision. The steps to be followed are:

  • Go to the bank portal.
  • Choose an FD
  • Choose Bandhan Bank FD Calculator.
  • Enter the principal amount to be invested.
  • Select the tenure of investment.
  • Choose the pay-out option.
  • Click on the calculate button.
  • The results will be generated.
  • There is no limit to usingthis Calculator.

Investors can study the outcome, compare, and make rational decisions.

Advantages of Bandhan Bank Fixed Deposit Calculator

Bandhan Bank FD Calculator is an essential tool to compare various investment plans and select the best one. Investors can analyse the results and make a promising investment. Students can study various interest rates prevailing in the market and learn about fixed deposit returns. As the calculations are done by the Bandhan Bank FD Calculator online, one is relieved from the process of searching applicable rates and doing manual calculations. Bandhan Bank FD calculator considers all the important factors and displays the final output, which is simple to understand. It is friendly to operate.

  • It is accessible online.
  • It shows the final yield value that the investor will receive
  • TDS is also taken into consideration, wherever applicable
  • The outcome is easy to understand and accurate.
*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

How Can Bandhan Bank Fixed Deposit Calculator Help?

Bandhan Bank has various options to make a sound investment. The interest rate depends mainly on the tenure of the investment. There are many flexible options provided by Bandhan Bank that yield different amounts and charge different interest rates. Investors often wish to know which option to finalize to earn maximum yield. Bandhan Bank FD Calculator helps them compare different rates and get to know the yield amount depending on the amount invested and tenure. The figures help to understand the market scenario and choose the best fit option.

Bandhan Bank FD calculator is a platform that provides information about applicable interest rates and the total yield so that the investor can make a firm decision. Rs.1000 is the minimum amount one must deposit in the Bandhan Bank. An investor can easily access Bandhan Bank FD Calculator from the official website, and it is easy to understand and operate.

FAQs:

  • Q1. State the minimum amount for which the Bandhan Bank FD Calculator can be used?

    A1. The Minimum amount to be invested in the Bandhan Bank FD Calculator is Rs.1000. 

  • Q2. What can be the maximum interest earned on the investment in Bandhan Bank?

    A2. The Maximum Amount of interest earned by investing in Bandhan Bank is approximately 6%. It varies depending on the current scenario and age of the investor.   

  • Q3. Is Investment in Bandhan Bank Safe?

    A3. Yes, investment in Bandhan Bank is safe and reliable. The Bank is working for years now and provides many other facilities like loans, savings deposits, and Government Insurance. The amount deposited can be withdrawn before maturity, and also loan against Deposit is provided by Bandhan Bank up to 90% of the deposited amount.

  • Q4. Is Tax applicable on the investment made in Bandhan Bank?

    A4. As per the Income Tax Act, 1961, Tax applies to the interest earned in the particular financial year by the investor regarding fixed deposits invested by him into the Bandhan Bank. 

  • Q5. Mention the various types of FD Schemes offered by Bandhan Bank.

    A5. The different Fixed Deposit Schemes offered by Bandhan Bank are:

    • FD Premium- It provides premium deposit interest rates for high-value deposits made. Such deposits earn a higher rate of interest and fall under Bulk Deposits.
    • FD Advantage- This scheme is affordable and provides flexibility. It provides the benefit of Compounding of interest earned. An investor can withdraw deposits fully or partially.
    • FD Standard (traditional) - It is ideal to meet short and long-term goals. An auto-renewal option is also available. It compounds interest quarterly or monthly.
    • FD Dhan Samriddhi – It provides higher returns in a short duration. It is a fixed deposit scheme intended for growth and can be quickly applied via internet banking or phone banking.
    • FD Tax Saver – As the name suggests, this scheme helps customers with their income tax by investing in savings. While filing Income Tax Returns, investors can avail of deductions.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

**Tax benefit is subject to changes in tax laws. Standard T&C apply.


Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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