If you have an account in Bandhan bank or planning to open an savings account, this calculator is going to help you make your decision. We all want best interest rate for money deposited in the savings account, right? Well, all banks offer different interest rate and we should aim to find a bank that offers higher interest rate on savings account. This article is dedicated to help you finding the interest applicable on your savings account in Bandhan bank.
Bandhan Bank Savings Account Interest Rate Calculator
Use the savings bank interest rate calculator below, to find out the interest your will earn. The process is simple, enter your estimated daily balance i.e. the balance you are sure remains in your savings account per month.
After this, hit the calculate button and now our calculator will do the calculations for you. Based on your input, the yearly earned interest is displayed. Keep in mind that this interest is paid quarterly which means that you will get 1/4th of the yearly earned interest in your account every quarter.
Bandhan Bank Interest Calculator
Interest Rate Offered by Bandhan Bank to Savings Account Holders
Our calculator complies with the latest interest rates offered by Bandhan Bank. If you have savings account in Bandhan bank or planning to open it soon, our calculator helps you to check how much interest you can earn.
The table below explains the interest rate offered based on daily balance. Kindly take a look:
| Balance Category | Interest Rate |
|---|---|
| Daily Balance up to ₹1 lakh | 3.00% |
| Daily Balance above ₹1 lakh to ₹10 lakh | 6.00% |
| Daily Balance above ₹10 lakh to ₹2 crore | 7.00% |
| Daily Balance above ₹2 crore to ₹10 crore | 6.25% |
| Daily Balance above ₹10 crore to ₹50 crore | 6.50% |
| Daily Balance above ₹50 crore to ₹100 crore | 8.00% |
| Daily Balance above ₹100 crore to ₹250 crore | 8.00% |
| Daily Balance above ₹250 crore | 8.05% |
How is Interest Rate Calculated?
At bandhan bank, the savings account interest is calculated daily based on the clear balance at the end of the day. Based on these calculations, the interest you earned is deposited to your bank account. Check more details on interest payments below.
About Bandhan Bank Interest Payments
The interest incurred in the savings account is paid quarterly to the bandhan bank savings account holders. There are specific dates that are set up by the bank of interest payment. These are :
- June 30
- September 30
- December 31
- March 31
You can check your bank account statement on these days and check the exact interest rate offered to you in your savings account.
Frequently Asked Questions (FAQs) about Bandhan Bank Savings Accounts
What are the different types of savings accounts offered by Bandhan Bank?
Bandhan Bank offers several types of savings accounts, including Neo+ Digital Savings Account, Elite Savings Account, Premium Savings Account, Advantage Savings Account, Standard Savings Account, Special Savings Account, Sanchay Savings Account, BSBDA Savings Account, and BSBDA-Small Savings Account.
What is the minimum average balance required for a Neo+ Digital Savings Account?
The minimum average balance required for a Neo+ Digital Savings Account is ₹5,000.
Are there any savings accounts that do not require maintaining a minimum balance?
Yes, the BSBDA (Basic Savings Bank Deposit Account) and BSBDA-Small Savings Account require no minimum balance.
Can I open a savings account online with Bandhan Bank?
Yes, you can open a Neo+ Digital Savings Account online using Aadhaar and PAN for a paperless and contactless account opening experience, including KYC verification via video call.
What are interest rates offered to Bandhan Bank savings account holders?
For Bandhan Bank savings account holders, the interest rates are structured as follows:
- 3.00% per annum for daily balances up to ₹1 lakh.
- 6.00% per annum for daily balances above ₹1 lakh up to ₹10 lakh.
- 7.00% per annum for daily balances above ₹10 lakh up to ₹2 crore.
- 6.25% per annum for daily balances above ₹2 crore up to ₹10 crore.
- 6.50% per annum for daily balances above ₹10 crore up to ₹50 crore.
- 8.00% per annum for daily balances above ₹50 crore up to ₹250 crore.
- 8.05% per annum for daily balances above ₹250 crore.
These tiered rates apply progressively, meaning each segment of the balance accrues interest at its respective rate.
Quick Links
| Official Website | Visit Now |
| Savings Account Section | Click Here |