Bandhan Bank Savings Account Interest Rate & Minimum Balance 2025

Bandhan Bank offers various savings accounts to cater to customers’ diverse needs. Their savings account plans provide convenience, flexibility, and attractive interest rates. Bandhan Bank offers multiple savings account options with interest rates up to 8.15% p.a. and flexible minimum balance requirements starting from zero. 

This guide covers updated interest rates, minimum balance, benefits, and penalties to help you choose the right savings account.

What is Bandhan Bank Savings Account?

A Bandhan Bank savings account is a deposit account where customers can safely store their money while earning interest. This type of account aims to help customers build up savings and benefit from the growth of their account balance through interest accumulation. 

Types Of Savings Account in Bandhan Bank

Each of the savings accounts have distinct features and benefits:

How Much Minimum Balance is Required in Bandhan Bank?

The Bandhan Bank savings account minimum balance differs based on the exact type of savings plan that you choose. Here is a list of the minimum balance that you need for each of their savings account plans:

Features And Benefits Of Bandhan Bank Savings Account

Here is a list of some of the features and benefits that the Bandhan Bank savings account provides for its users:

• Cheque and passbook facilities are available.
• Offered interest rates for their savings accounts are attractive in nature.
• Easy account accessibility with mobile banking, phone banking and online banking.
• Ability to make unlimited cash withdrawals at the home branch.
• A total of 20 cheque leaves are available.
• It supports electronic fund transfers like RTGS, IMPS, and NEFT.
• Bandhan bank savings accounts accept nominations.
• 24x7 customer service availability when faced with issues.
• Monthly free limit of cash deposit up to ₹5 lakhs.

How to Open Bandhan Bank Savings Account Online?

Here are the steps to open a Bandhan Bank Savings account online:

• Visit the official website of Bandhan Bank.
• Select the ‘Savings Accounts’ option in the ‘Products” menu.
• You can see a list of their bank’s available savings account options. Choose the one which you prefer the most.
• Now that you have selected the type of Bandhan Bank Savings account you want to open click on ‘Apply Now’.
• Next, fill in all required information, such as your name, contact information, address, PIN code, and city.
• After you have filled out the form, submit it online.
• A bank representative will reach out to you soon to verify your details. They will guide you through the later part of the account opening process. 

Bandhan Bank Savings Account Interest Rate 2025

Here is the Bandhan Bank savings account interest rate chart for the year 2025:

Bandhan Bank Savings Account Interest Rate for Senior Citizens

The Bandhan Bank does not provide any additional interest for senior citizens on opening regular savings accounts. However, senior citizens can benefit from higher interest rates on fixed deposits. For instance, the 'Inspire Programme' offers senior citizens an interest rate of up to 8.35% per annum on fixed deposits with a tenure of 500 days. ​

Penalty for Not Maintaining Minimum Balance in Bandhan Bank Savings Account

In Bandhan Bank, a failure to maintain a minimum balance requirement in your savings account can lead to a penalty charge. The penalty amount depends on the type of savings account plan that you hold.

However, generally, the bank charges ₹75 and GST for every transaction made through cash withdrawal, cash deposit, IMPS, or NEFT. This is when the MAB (Monthly Average Balance) is not maintained.

Final Word

The different types of Bandhan Bank Savings Account offer great competitive interest rates and flexible minimum balance requirements to suit the needs of different customers. By understanding the terms and benefits of each different type of savings account plan that they offer, you can select the one that aligns with your savings goals.

Similar Articles:
1. Citi Bank Savings Account Interest Rate
2. Bank of India Savings Account Interest Rate
3. Bank of Maharashtra Savings Account Interest Rate
4. DCB Bank Savings Account Interest Rate
5. Federal Bank Savings Account Interest Rate

Related Articles:
1. Bandhan Bank Personal Loan Interest Rate 2025
2. How To Get Bandhan Bank Mini Statement Number?