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.
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.
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
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.
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:
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:
Investors can study the outcome, compare, and make rational decisions.
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.
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.
A1. The Minimum amount to be invested in the Bandhan Bank FD Calculator is Rs.1000.
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.
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.
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.
A5. The different Fixed Deposit Schemes offered by Bandhan Bank are:
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.