Bandhan Bank Savings Account
Bandhan Bank, committed to financial inclusion, offers a range of Savings Accounts designed to cater to your unique financial goals and preferences. Whether you’re saving for a personal milestone, building an emergency fund, or simply earning interest on your everyday balance, Bandhan Bank has the perfect account for you.
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Features and Services of Bandhan Bank Savings Account
Diverse Account Options: Bandhan Bank provides a range of savings accounts tailored to different customer segments, including individuals, families, students, and senior citizens.
Convenient Banking Services: Accessible through multiple channels like online banking, mobile banking, phone banking, and SMS banking for seamless account management and transactions.
Competitive Interest Rates: Enjoy attractive interest rates on your savings balance, fostering your wealth accumulation over time.
Debit Card Facilities: Receive a complimentary debit card with your savings account for convenient ATM withdrawals, online purchases, and other transactions.
Customer Support: Benefit from dedicated customer service to address inquiries and resolve issues promptly.
Types of Bandhan Bank Savings Accounts
- Advantage Savings Account: Earn up to 3% on balances up to ₹1 lakh and 5% on balances above ₹1 lakh, enjoy free cash deposits and cheque issuance, and access free NEFT transactions through internet banking and mBandhan.
- Standard Savings Account: Enjoy flexible features like unlimited cash withdrawals at Bandhan Bank ATMs and multi-city ‘at par’ cheques, with a minimum balance requirement of ₹5,000.
- Premium Savings Account: Earn higher interest rates (up to 6% on balances above ₹10 lakh) with a ₹10 lakh minimum balance, enjoy free cash withdrawals at any bank ATM, and get exclusive benefits like airport lounge access.
- Elite Savings Account: Earn the highest interest rates (up to 6% on all balances) with a ₹5 lakh minimum balance or a ₹25 lakh Fixed Deposit relationship, and enjoy unlimited free transactions and personalized services.
- Insta Save Account: Open instantly online with zero balance and enjoy basic banking features.
- Salary Savings Account: Exclusively for salaried individuals, offering higher interest rates, pre-approved loans, and salary advance facilities.
- Senior Citizen Savings Account: Earn higher interest rates and enjoy dedicated services tailored to senior citizens’ needs.
- Savings Account for Minors: Start your child’s financial journey with a secure and rewarding account.
Bandhan Bank savings account minimum balance and Interest rates
Account Type | Minimum Balance (₹) | Interest Rate (%) |
---|---|---|
Advantage Savings Account | 0 | Up to 5.00 (Tiered) |
Standard Savings Account | 5,000 | 3.00 |
Premium Savings Account | 10,000 | Up to 6.00 (Tiered) |
Elite Savings Account | 5,00,000 (or ₹25 lakh Fixed Deposit) | Up to 6.00 |
Insta Save Account | 0 | 3.00 |
Salary Savings Account | 0 | 3.00 |
Senior Citizen Savings Account | 0 | 4.00 |
Savings Account for Minors | 0 | 3.00 |
Bandhan Bank Savings Account charges
Transaction Type | Charges |
---|---|
ATM Withdrawal | Rs. 20 per transaction |
Cheque Book Issuance | First Cheque Book Free, Subsequent Charges Apply |
NEFT/RTGS Transactions | Charges Apply |
How to Open a Bandhan Bank Savings Account:
- Visit Bandhan Bank Branch: Locate the nearest Bandhan Bank branch in your area and visit during operating hours.
- Speak with a Bank Representative: Approach the customer service desk and express your interest in opening a savings account with Bandhan Bank.
- Request an Account Opening Form: Ask the bank representative for the account opening form. They will provide you with the necessary paperwork.
- Fill Out the Application Form: Complete the account opening application form with accurate personal and contact details. Ensure all information provided is correct and up-to-date.
Provide Required Documents: Submit the necessary documents required for opening a savings account, including:
- Identity proof (Aadhaar card, passport, driving license, etc.)
- Address proof (Utility bills, rental agreement, etc.)
- Passport-sized photographs
- Any other documents as per Bandhan Bank’s requirements
- Minimum Deposit Requirement: Make sure to deposit the minimum balance required for the selected savings account type. The bank representative will inform you about the specific amount.
- Account Activation: Once your application and documents are verified, your Bandhan Bank savings account will be activated. You will receive your account number and welcome kit containing important account details.
- Collect Your Debit Card: If applicable, you will receive a debit card associated with your savings account. The bank representative will guide you on its usage and activation process.
- Set Up Online Banking (Optional): If you wish to avail online banking services, inquire about the procedure for registering for internet banking. The bank may provide you with the necessary credentials and instructions.
- Start Using Your Account: Once your account is activated, you can start using it for deposits, withdrawals, fund transfers, bill payments, and other banking transactions.