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.
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.