Here you can find the full details related to bandhan bank savings account , whether it related to interest rate of the bank , features and benefits of this account.
Table of Contents
Introduction to Bandhan Bank
Bandhan Bank is a private sector bank in India that commenced operations on August 23, 2015. It evolved from Bandhan Financial Services Limited (BFSL), a microfinance institution founded in 2001, which primarily served underbanked and financially weaker sections of society. Bandhan Bank received its banking license from the Reserve Bank of India (RBI) in 2014, making it one of the few microfinance institutions to transition into a universal bank
Key Highlights:
- Headquarters: Kolkata, West Bengal, India
- Founder & CEO: Chandra Shekhar Ghosh
- Business Model: Initially focused on microfinance and rural banking, but now offers a full range of banking services, including retail, corporate, and SME banking.
- Network: Over 1,500 branches, 4,500+ banking outlets, and 600+ ATMs across India (as of recent data).
- Unique Proposition: Strong focus on financial inclusion and serving unbanked and underserved communities.
Bandhan Bank Savings Account
Bandhan Bank offers various savings account options designed to cater to different customer needs, from individuals to businesses. These accounts come with competitive interest rates, digital banking services, and financial inclusion benefits.
Key Features & Benefits
✅ Attractive Interest Rates – Bandhan Bank offers higher-than-average interest rates on savings deposits compared to many other banks. (Rates may vary, so it’s advisable to check the latest rates.)
✅ Minimum Balance Requirement – Different savings accounts have varying minimum balance requirements, including zero balance options for basic accounts.
✅ Digital Banking – Access internet banking, mobile banking, and UPI services for seamless transactions.
✅ Free ATM & Debit Card – Get a debit card with multiple benefits, including cashback and discounts on shopping and dining.
✅ Easy Fund Transfers – Use NEFT, RTGS, IMPS, and UPI to send and receive money instantly.
✅ Personalized Services – Dedicated relationship managers and customized banking solutions for premium account holders.
Why Choose Bandhan Bank for Your Savings Account?
Bandhan Bank stands out in the banking sector with attractive interest rates, customer-centric services, and a strong focus on financial inclusion. Here’s why it could be the right choice for your savings needs:
1️⃣ Attractive Interest Rates 💰
Bandhan Bank offers competitive interest rates on savings accounts, often higher than those of many traditional banks. This helps your money grow faster while ensuring liquidity.
2️⃣ Wide Range of Savings Accounts 🏦
Whether you’re a salaried individual, a senior citizen, a student, or a business owner, Bandhan Bank offers different savings accounts tailored to specific needs, including zero-balance options.
3️⃣ Low Minimum Balance Requirements 🏧
With options like the Basic Savings Bank Deposit Account (BSBDA), customers can enjoy a zero balance account, making banking accessible to all.
4️⃣ Extensive Branch & ATM Network 🌍
- 1,500+ branches and 600+ ATMs across India
- Strong presence in rural and semi-urban areas
- Easy access to banking services even in remote locations
5️⃣ Digital & Mobile Banking 📱
- Seamless internet banking & mobile banking for transactions, bill payments, and fund transfers
- UPI-enabled payments, ensuring quick and hassle-free transactions
- AI-powered chat support for instant banking assistance
6️⃣ Personalized Banking Experience 👩💼
- Dedicated relationship managers for premium customers
- Personalized financial advice and investment options
- Exclusive benefits for senior citizens and women customers
7️⃣ Secure & Hassle-Free Transactions 🔒
- Multi-layered security for safe online banking
- Instant fund transfers via IMPS, NEFT, and RTGS
- Fraud prevention measures for added protection
8️⃣ Additional Benefits & Rewards 🎁
- Free debit cards with cashback & discounts
- Special offers on shopping, dining, and travel
- Free SMS & email alerts for transaction tracking
Types of Bandhan Bank Savings Accounts
Bandhan Bank offers a variety of savings accounts to cater to different customer needs, from basic banking services to premium offerings. Here’s a detailed look at each type:
1️⃣ Standard Savings Account 🏦
Ideal for: Individuals looking for a basic savings account with a reasonable minimum balance.
Key Features:
✔ Competitive interest rates
✔ Nominal minimum balance requirement
✔ Free debit card with shopping & ATM benefits
✔ Digital banking access (mobile & internet banking)
✔ Free chequebook and passbook facility
2️⃣ Advantage Savings Account 💼
Ideal for: Customers looking for enhanced banking benefits with a moderate balance requirement.
Key Features:
✔ Higher transaction limits compared to standard accounts
✔ Personalized banking services
✔ Free unlimited transactions at Bandhan Bank ATMs
✔ Exclusive debit card benefits with cashback & discounts
✔ Digital banking with NEFT, RTGS & UPI
3️⃣ Premium Savings Account 🌟
Ideal for: High-net-worth individuals and customers looking for premium banking services.
Key Features:
✔ Higher interest rates for increased savings growth
✔ Free unlimited transactions at any ATM in India
✔ Dedicated relationship manager for personalized services
✔ Premium debit card with travel, shopping & dining benefits
✔ Free insurance cover and additional lifestyle perks
✔ Priority loan processing & investment advisory
4️⃣ Special Savings Accounts 🎯
Bandhan Bank offers customized savings accounts for specific customer groups:
🔹 Senior Citizens Savings Account 👴👵
- Higher interest rates for retirees
- Special fixed deposit benefits
- Priority banking services at branches
- Free health check-ups & insurance benefits
🔹 Women’s Savings Account 👩💼💳
- Additional cashback & shopping discounts
- Exclusive offers on dining & wellness
- Lower minimum balance requirements
- Priority loan processing for home & personal loans
🔹 Students & Youth Savings Account 🎓📱
- Zero or low balance requirement
- Free UPI transactions & digital banking
- Attractive debit card benefits
- Special offers on education loans & gadgets
🔹 Basic Savings Bank Deposit Account (BSBDA) 🏦
- Zero balance account with no maintenance charges
- Ideal for financial inclusion and first-time bankers
- Free ATM withdrawals & basic banking services
Key Features of Bandhan Bank Savings Account
Bandhan Bank provides a range of savings account options with attractive features designed for convenience, flexibility, and better financial growth. Here’s a breakdown of its key features:
1️⃣ Minimum Balance Requirements 💰
Bandhan Bank offers different savings accounts with varying minimum balance requirements, including zero balance options for basic accounts.
🔹 Standard & Advantage Accounts – Moderate minimum balance required
🔹 Premium Savings Account – Higher balance requirement with premium benefits
🔹 BSBDA (Basic Savings Bank Deposit Account) – Zero balance account with no maintenance charges
💡 Tip: Choose an account based on your financial needs to avoid penalties.
2️⃣ Interest Rates & Calculation 📈
Bandhan Bank provides competitive interest rates on savings accounts, often higher than traditional banks.
🔹 Interest is calculated daily based on your account balance.
🔹 The amount is credited quarterly to your savings account.
🔹 Higher balances may earn better returns in certain account types.
💡 Tip: Check the latest interest rates on the Bandhan Bank website for updated figures.
3️⃣ Debit Card & ATM Facilities 💳🏧
All savings accounts come with a free debit card, offering multiple benefits:
🔹 Unlimited free ATM withdrawals (for premium accounts)
🔹 Cashback & discounts on shopping, dining, and travel
🔹 Secure transactions with chip-based cards & OTP authentication
🔹 Global acceptance at ATMs and online platforms
💡 Tip: Choose a higher-tier account for unlimited ATM withdrawals and extra benefits.
4️⃣ Online & Mobile Banking 📱💻
Bandhan Bank offers seamless digital banking services, making banking fast, easy, and secure:
🔹 Internet Banking: Manage accounts, pay bills, transfer funds
🔹 Mobile Banking App: UPI payments, quick fund transfers, and account monitoring
🔹 IMPS, NEFT & RTGS: Instant and scheduled transfers available 24/7
🔹 SMS & Email Alerts: Get real-time updates on transactions
💡 Tip: Enable mobile banking for hassle-free access to your account anytime, anywhere.
5️⃣ Auto-Sweep Facility 🔄
This feature helps you maximize earnings on idle funds by automatically transferring surplus savings into a fixed deposit (FD):
🔹 Higher interest earnings on unused funds
🔹 Auto-reverse sweep allows easy access to funds when needed
🔹 Customizable sweep limits based on your preferences
💡 Tip: Activate auto-sweep to enjoy FD-level interest without locking in your funds.
6️⃣ Personalized Banking Services 🤝
Premium customers enjoy dedicated banking services, such as:
🔹 Dedicated relationship manager for expert financial guidance
🔹 Priority service at branches for hassle-free transactions
🔹 Exclusive loan offers & investment advisory for wealth management
🔹 Special benefits for senior citizens, women, and high-net-worth customers
💡 Tip: Opt for premium or advantage accounts to enjoy customized banking solutions.
Benefits of Opening a Savings Account with Bandhan Bank
Bandhan Bank offers a feature-rich savings account that provides attractive benefits such as higher interest rates, digital convenience, and security. Here’s why you should consider opening a savings account with Bandhan Bank:
1️⃣ Higher Interest Rates 💰
Bandhan Bank provides one of the most competitive interest rates on savings accounts in India, ensuring better returns on your deposits.
✔ Daily interest calculation for maximum earnings
✔ Quarterly interest payout for faster compounding
✔ Some accounts offer tiered interest rates, meaning higher balances get better returns
💡 Tip: Keep a higher balance or enable the Auto-Sweep feature to earn FD-like returns.
2️⃣ Easy Account Access & Management 📱💻
With a wide branch network and advanced digital banking services, managing your account is seamless and hassle-free.
✔ Internet & Mobile Banking – Access your account anytime, anywhere
✔ UPI, NEFT, RTGS & IMPS – Quick and secure fund transfers
✔ Extensive branch & ATM network across India
✔ SMS & Email alerts for real-time transaction updates
💡 Tip: Use mobile banking to check balances, transfer funds, and pay bills conveniently.
3️⃣ Complimentary Services & Offers 🎁
Bandhan Bank provides additional perks that enhance the value of your savings account.
✔ Free Debit Card – Cashback & discounts on shopping, dining, and travel
✔ Unlimited free ATM transactions (for premium accounts)
✔ Auto-Sweep Facility – Earn higher interest by automatically converting excess savings into Fixed Deposits
✔ Special savings accounts for women, senior citizens, and students with added benefits
💡 Tip: Check the debit card offers and rewards for extra savings on daily expenses.
4️⃣ Secure & Hassle-free Transactions 🔒
Bandhan Bank ensures top-notch security for all your banking needs.
✔ Chip-enabled Debit Cards for secure payments
✔ Two-factor authentication for online transactions
✔ 24/7 fraud monitoring & customer support
✔ Insurance coverage for select account holders
💡 Tip: Enable SMS alerts to monitor transactions and prevent fraud.
Eligibility Criteria to Open a Bandhan Bank Savings Account
Opening a savings account with Bandhan Bank is simple and accessible to a wide range of customers. Here are the eligibility requirements:
1️⃣ Who Can Open a Savings Account?
✅ Resident Individuals – Indian citizens above 18 years
✅ Minors – Savings accounts can be opened by a parent/guardian on behalf of minors
✅ Hindu Undivided Families (HUFs) – Eligible under the name of the Karta
✅ Non-Resident Indians (NRIs) – Special NRI accounts available
✅ Senior Citizens – Exclusive accounts with higher interest rates and benefits
✅ Women & Students – Special accounts with customized benefits
💡 Tip: Minors above 10 years can open and operate their account independently.
2️⃣ Required Documents (KYC) 📜
To comply with RBI’s Know Your Customer (KYC) norms, the following documents are needed:
📌 Identity Proof (Any one)
- Aadhaar Card
- PAN Card (mandatory)
- Voter ID
- Passport
- Driving License
📌 Address Proof (Any one)
- Aadhaar Card
- Utility Bills (electricity, water, gas – not older than 3 months)
- Rental Agreement
- Passport
📌 Passport-sized Photograph (Recent)
📌 Income Proof (For high-value accounts)
- Salary slip or income tax return (ITR) for premium accounts
💡 Tip: Carry original documents for verification while opening the account at a branch.
3️⃣ How to Open a Bandhan Bank Savings Account?
📍 Online Method
- Visit the Bandhan Bank website
- Fill out the account opening form
- Upload KYC documents
- Complete verification & start banking
📍 Offline Method
- Visit the nearest Bandhan Bank branch
- Submit the duly filled application form
- Provide KYC documents & photographs
- Deposit the minimum required balance (if applicable)
- Receive your debit card, passbook & welcome kit
Bandhan Bank Savings Account Interest Rate
Bandhan Bank offers competitive interest rates on its savings accounts, structured across various balance slabs to maximize your earnings. Here’s a detailed breakdown:
Current Interest Rate Slabs
As of February 3, 2025, the interest rates for Bandhan Bank savings accounts are as follows:
- Up to ₹1 lakh: 3.00% p.a.
- Above ₹1 lakh up to ₹10 lakh: 6.00% p.a. on the incremental balance
- Above ₹10 lakh up to ₹2 crore: 7.00% p.a. on the incremental balance
- Above ₹2 crore up to ₹10 crore: 6.25% p.a. on the incremental balance
- Above ₹10 crore up to ₹50 crore: 6.50% p.a. on the incremental balance
- Above ₹50 crore up to ₹100 crore: 8.00% p.a. on the incremental balance
- Above ₹100 crore up to ₹250 crore: 8.00% p.a. on the incremental balance
- Above ₹250 crore: 8.05% p.a. on the remaining balance over ₹1 lakh if the end-of-day balance exceeds ₹250 crore
- Above ₹500 crore: 8.15% p.a. on the remaining balance over ₹1 lakh if the end-of-day balance exceeds ₹500 crore
Note: Interest is calculated on the daily closing balance and credited quarterly.
Comparison with Other Banks
When comparing Bandhan Bank’s savings account interest rates with other banks in India, here’s how it stands:
- Ujjivan Small Finance Bank: Offers 7.50% p.a. on balances above ₹10 lakh and up to ₹10 crore.
- DCB Bank: Provides up to 7.75% p.a. on balances from ₹10 lakh to less than ₹1 crore.
- Suryoday Small Finance Bank: Offers 7.50% p.a. on balances above ₹10 lakh up to ₹2 crore.
- IDFC FIRST Bank: Provides up to 7.25% p.a. on savings account balances.
Note: Interest rates are subject to change. It’s advisable to check the latest rates directly with the respective banks. paisabazaar.com idfcfirstbank.com
Bandhan Bank’s tiered interest rate structure ensures that higher balances earn more, making it a competitive choice for maximizing savings growth.
Bandhan Bank Savings Account Charges & Fees
While Bandhan Bank offers competitive savings account options, it’s important to be aware of any applicable charges. Here’s a breakdown of the key fees you might encounter:
1️⃣ Minimum Balance Charges 💰
Depending on the type of savings account you have, the minimum balance requirement varies. If the required balance is not maintained, the bank charges a penalty:
- Standard Savings Account:
- Minimum Balance: ₹1,000
- Non-Maintenance Fee: ₹100 per month if the balance falls below ₹1,000
- Advantage Savings Account:
- Minimum Balance: ₹2,000
- Non-Maintenance Fee: ₹150 per month if the balance falls below ₹2,000
- Premium Savings Account:
- Minimum Balance: ₹5,000
- Non-Maintenance Fee: ₹250 per month if the balance falls below ₹5,000
- Basic Savings Bank Deposit Account (BSBDA):
- No minimum balance requirement
2️⃣ ATM Withdrawal & Transaction Fees 🏧
Bandhan Bank offers free ATM withdrawals and transactions, but there are charges for non-Bandhan Bank ATMs and additional withdrawals:
- Free Withdrawals:
- At Bandhan Bank ATMs: Unlimited free withdrawals
- At Non-Bandhan Bank ATMs:
- 6 free withdrawals per month
- ₹20 per transaction after 6 withdrawals
- Additional Fees:
- Foreign ATM Withdrawals: ₹20 + GST per transaction
- ATM Pin Change: Free
3️⃣ Fund Transfer Charges 💸
Bandhan Bank provides a variety of digital banking services for transferring funds. Below are the charges for common types of fund transfers:
- NEFT/RTGS:
- NEFT: Free (no charges for any transaction)
- RTGS: Free (no charges for any transaction)
- IMPS:
- ₹5 + GST for transfers below ₹1,000
- ₹10 + GST for transfers between ₹1,000 and ₹5,000
- ₹15 + GST for transfers above ₹5,000
- UPI Transactions:
- Free (No charges for UPI fund transfers)
- Intra-bank Fund Transfer:
- Free (Within Bandhan Bank)
4️⃣ Other Applicable Fees 💳
These are some additional charges and fees that may apply:
- Cheque Book Charges:
- Free for the first 25 leaves
- ₹3 per leaf for additional leaves
- Cheque Bounce Charges:
- ₹350 per instance (if due to insufficient funds)
- Passbook Printing:
- ₹50 per instance (if requested outside regular updates)
- Statement Charges:
- Free for e-statements
- ₹50 for a physical statement (per instance)
- Card Replacement Fee:
- ₹150 for a lost or damaged debit card
- International Debit Card Transactions:
- Charges apply for overseas ATM withdrawals or purchases. These vary depending on the location and type of transaction.
Summary of Bandhan Bank Savings Account Charges:
| Service | Charges |
|---|---|
| Minimum Balance Charges | ₹100-₹250/month (depending on account type) |
| ATM Withdrawal Fees | Free at Bandhan Bank ATMs, ₹20 per transaction at other ATMs after 6 withdrawals |
| Fund Transfer Fees | Free for NEFT/RTGS/UPI, ₹5-₹15 for IMPS |
| Cheque Book Charges | Free for 25 leaves, ₹3 per leaf after that |
| Cheque Bounce Charges | ₹350 per instance |
| Card Replacement Fees | ₹150 for lost or damaged debit card |
Tips to Avoid Charges:
- Maintain the minimum balance for your specific account type to avoid penalties.
- Opt for digital payments & transfers to minimize transaction fees.
- Use Bandhan Bank ATMs to avoid ATM withdrawal charges at non-Bandhan ATMs.
How to Manage Your Bandhan Bank Savings Account Effectively
Managing your Bandhan Bank savings account effectively can help you maximize your savings, avoid unnecessary fees, and keep track of your financial goals. Here are some key tips for managing your account:
1️⃣ Setting Up Automatic Transfers 💸
One of the best ways to ensure that your savings grow is by setting up automatic transfers to your savings account. Bandhan Bank provides easy options for automating your transfers, ensuring you save without thinking.
How to Set Up Automatic Transfers:
- Via Mobile Banking App:
- Open the Bandhan Bank Mobile Banking App.
- Navigate to the Funds Transfer section.
- Select Auto Transfer or Standing Instruction.
- Choose the amount and frequency (daily, weekly, monthly).
- Select the source account (if you have multiple accounts) and the destination savings account.
- Review the details and confirm the setup.
- Via Internet Banking:
- Log into Internet Banking via the Bandhan Bank website.
- Go to Transfers and choose Standing Instructions.
- Enter the amount to transfer, the frequency (daily, weekly, monthly), and the destination account.
- Confirm the setup.
💡 Tip: Setting up automatic transfers ensures that a set portion of your income is saved without you having to manually make the transfer every month. This is particularly helpful for building an emergency fund or long-term savings goals.
2️⃣ Using Mobile & Net Banking Services 📱💻
With Bandhan Bank’s Mobile & Net Banking services, managing your account is fast, easy, and convenient. Here’s how to make the most of these services:
Mobile Banking App Features:
- Check Balances & Statements: View your savings account balance and recent transactions in real-time.
- Fund Transfers: Easily send money to other Bandhan Bank accounts or external banks via IMPS, NEFT, or UPI.
- Bill Payments & Recharges: Pay utility bills, recharge your phone, and make online purchases directly from your app.
- ATM Locator: Find the nearest Bandhan Bank ATMs and branches.
- Request Services: Apply for cheque books, account statements, and more without visiting the branch.
Internet Banking Features:
- Account Overview: View detailed statements, transaction history, and upcoming payments.
- Set Alerts: Enable email/SMS notifications for various activities like fund transfers, balance updates, and low-balance alerts.
- Fund Transfers & Payments: Make instant fund transfers, schedule payments, and transfer money to other bank accounts.
- Request Services: Request an ATM card, passbook printing, and more through online banking.
💡 Tip: Enable SMS & email alerts to stay updated on your account activities and transactions. This helps with keeping track of expenses and identifying any unauthorized activities quickly.
3️⃣ Tracking Transactions & Statements 📊
Tracking your transactions regularly helps you maintain a clear record of your expenses and ensures your savings are on track. Here’s how you can effectively track your Bandhan Bank savings account transactions:
How to Track Your Transactions:
- Transaction History on Mobile App:
- Open the Bandhan Bank Mobile App and go to the ‘Account’ section.
- Tap on your savings account and check the recent transactions.
- You can also filter the transaction history by date or type (e.g., withdrawals, deposits, transfers).
- Internet Banking:
- Log in to your Bandhan Bank Internet Banking account.
- Go to ‘Transaction History’ and view a detailed report of all your past transactions.
- You can download statements in PDF or Excel format for record-keeping.
- Passbook Updates:
- Visit any Bandhan Bank branch to get a passbook update with your latest transactions.
- Use the Mobile App to check electronic passbook updates for quick access to your transactions.
💡 Tip: Review your account weekly to ensure all transactions are correct and to stay on top of your financial goals. You can also download monthly statements for budgeting and tax purposes.
Additional Tips for Effective Account Management:
- Avoid Non-Maintenance Charges: Regularly check your balance to avoid falling below the required minimum balance and incurring fees.
- Leverage Automatic Bill Payments: Set up automatic payments for utilities and loans to avoid late fees.
- Use the Auto-Sweep Facility: If you have excess funds, enable Auto-Sweep to transfer surplus funds to a fixed deposit for better interest earnings.
- Stay Informed on Interest Rates: Periodically review the interest rates offered by Bandhan Bank to make sure your savings are growing at the optimal rate.
By leveraging Bandhan Bank’s digital banking services and setting up automated transfers, you can easily manage your account and achieve your financial goals! 😊
How to Close a Bandhan Bank Savings Account
Closing a Bandhan Bank savings account is a straightforward process, but it’s important to follow the correct steps and consider a few things before making the decision. Here’s everything you need to know:
1️⃣ Reasons for Closing an Account
There could be various reasons why you might consider closing your Bandhan Bank savings account:
- Low or No Activity: If you no longer need the account or have moved to a different bank.
- High Fees: If the charges and fees, such as monthly maintenance charges, seem too high for your needs.
- Dissatisfaction with Services: If you’re unhappy with the customer service or banking facilities offered by Bandhan Bank.
- Switching Banks: If you’ve found a better interest rate, offers, or services from another bank.
- Change in Location: If you’re moving to an area where Bandhan Bank doesn’t have branches or ATMs nearby.
💡 Tip: Before closing your account, make sure there are no pending transactions or standing instructions, as these can complicate the closure process.
2️⃣ Step-by-Step Account Closure Process
Here’s how to close your Bandhan Bank savings account:
Online Process:
- Step 1: Log into Bandhan Bank Mobile Banking App or Internet Banking.
- Step 2: Go to the ‘Services’ or ‘Requests’ section and select ‘Account Closure Request’ (if available).
- Step 3: Fill in the required details, such as your account number, reason for closure, and contact information.
- Step 4: Submit the request. You’ll receive a closure acknowledgment through email or SMS.
Offline Process (Branch Visit):
- Step 1: Visit the nearest Bandhan Bank branch with your identity proof (Aadhaar, PAN, etc.).
- Step 2: Request an account closure form from the bank executive.
- Step 3: Fill in the closure form with your details (account number, reason for closure).
- Step 4: Withdraw your remaining balance. Make sure to transfer or withdraw the entire balance before closing the account.
- Step 5: Return your debit card, cheque book, and any other associated banking materials.
- Step 6: Submit the form along with your KYC documents for verification.
- Step 7: The bank will process your request and close the account. You’ll receive a closure confirmation through SMS or email.
💡 Tip: If you’re closing an account with a joint holder, both individuals must be present to sign the closure form.
3️⃣ Important Considerations Before Closing
Before you proceed with closing your Bandhan Bank savings account, here are some key factors to consider:
1. Clear Any Pending Transactions
Ensure that there are no pending transfers, direct debits, or standing instructions linked to the account. Any pending checks or payments will prevent you from closing the account.
2. Withdraw or Transfer the Balance
- Ensure you transfer or withdraw the full balance from the account. If you leave an amount in the account, Bandhan Bank might charge fees.
- If you’re transferring the balance to another bank, ensure you have the new bank details ready and the transfer is completed before initiating account closure.
3. Return Debit Cards & Cheque Books
Return all unused cheque books and debit cards. If you have any, it’s necessary to hand them over when closing your account.
4. Check for Any Charges or Penalties
Review any outstanding charges, such as for non-maintenance of minimum balance. Some fees might apply if you close your account before a certain period, especially if the account is relatively new.
5. Impact on Your Credit
Ensure the closure of your savings account does not affect any existing loan or credit relationships (if any). If you’ve linked the account to your credit or debit card for auto-payments, update those details beforehand.
6. Wait for Confirmation
After the closure request is processed, make sure you receive a closure confirmation in writing (email or SMS) from Bandhan Bank. Keep this confirmation for your records.
Summary of the Account Closure Process
| Step | Action |
|---|---|
| 1. Clear Pending Transactions | Ensure no pending transactions or dues |
| 2. Withdraw Balance | Transfer or withdraw the full balance |
| 3. Return Bank Materials | Return debit card, cheque book, etc. |
| 4. Fill Closure Form | Submit closure form at the branch |
| 5. Confirm Closure | Receive closure confirmation |
Bandhan Bank Customer Support & Helpline Details
If you need assistance with your Bandhan Bank savings account or have any queries, their customer support services are available through multiple channels. Here’s how you can reach out:
1️⃣ Toll-Free Number 📞
For immediate support, you can contact Bandhan Bank’s toll-free helpline:
- Toll-Free Number: 1800-258-8181
- This number is available for general inquiries, account-related questions, and banking support.
2️⃣ Email Support 📧
For detailed or non-urgent queries, you can contact Bandhan Bank’s customer support via email:
- Customer Support Email: customercare@bandhanbank.com
- You can use this email to inquire about your savings account, report issues, or request information about bank services.
3️⃣ Branch Locator & Online Chat Support
Branch Locator 📍
If you need to find the nearest Bandhan Bank branch, you can easily use their Branch Locator tool on their official website or mobile app:
- Branch Locator Link: Find Branch
- This will help you locate the nearest branches and ATMs based on your location.
Online Chat Support 💬
Bandhan Bank also offers online chat support through their website:
- Chat with Support: Visit Bandhan Bank Website and click on the “Live Chat” option (usually found at the bottom right of the page).
- You can chat with a customer service representative in real-time to get immediate assistance with any queries.
4️⃣ Social Media Support 📱
Bandhan Bank is also active on social media platforms for customer support and updates:
- Facebook: Bandhan Bank Facebook
- Twitter: Bandhan Bank Twitter
You can message them directly for quick responses or updates about your account or banking services.
5️⃣ Important Note
For faster resolution, always have your account number and any other relevant details ready when contacting customer support, especially when using the toll-free helpline or email.
Summary of Bandhan Bank Customer Support Channels
| Support Method | Details |
|---|---|
| Toll-Free Number | 1800-258-8181 |
| Email Support | customercare@bandhanbank.com |
| Branch Locator | Branch Locator |
| Online Chat Support | Available on the website via Live Chat |
| Social Media | Facebook: Bandhan Bank, Twitter: @BandhanBank |
Conclusion
Managing a Bandhan Bank savings account comes with numerous benefits, such as competitive interest rates, convenient banking services, and a variety of account options to suit different needs. Whether you’re looking to open a new account, access mobile banking, or close an existing account, Bandhan Bank provides multiple channels for support and assistance, ensuring a smooth and hassle-free experience.
From setting up automatic transfers to taking advantage of the bank’s digital banking tools, you can manage your savings effectively and make the most of your financial goals. If you ever need help, Bandhan Bank’s customer support is readily available through their toll-free helpline, email, online chat, and even social media channels.
So, whether you’re just starting with a new savings account or considering an account closure, it’s important to stay informed and make decisions based on your financial needs. Bandhan Bank offers flexibility and ease of use to ensure your banking experience is as efficient as possible.
If you have any further questions or need assistance with your Bandhan Bank account, feel free to reach out to their support channels or visit your nearest branch for help. 😊
FAQs
What is a Bandhan Bank Savings Account?
A Bandhan Bank Savings Account is a basic deposit account that allows customers to save money, earn interest, and access banking services. It is designed to offer a safe place to store funds while providing convenient banking features such as ATM withdrawals, online banking, and mobile app services.
What types of Savings Accounts does Bandhan Bank offer?
Bandhan Bank offers several types of savings accounts:
Standard Savings Account
Advantage Savings Account
Premium Savings Account
Special Savings Accounts (for senior citizens, women, etc.)
Each account type comes with specific features and benefits.
What are the benefits of a Bandhan Bank Savings Account?
Some key benefits of having a Bandhan Bank Savings Account include:
Higher interest rates than many other banks
Access to free ATM withdrawals (at Bandhan Bank ATMs)
Mobile banking and online banking services
Low minimum balance requirements for most accounts
Safe and secure transactions with the bank’s digital infrastructure
How can I open a Bandhan Bank Savings Account?
You can open a Bandhan Bank savings account either online or by visiting a branch.
Online: Through the Bandhan Bank website or mobile app, fill in the required details and submit documents.
Offline: Visit your nearest Bandhan Bank branch, fill out the application form, and submit your KYC documents.
What documents are required to open a Bandhan Bank Savings Account?
To open a savings account, you’ll need to provide the following documents:
Proof of Identity: PAN card, Aadhaar card, passport, voter ID, etc.
Proof of Address: Utility bill, rental agreement, bank statement, etc.
Passport-sized photographs
Additional documents as per account type (e.g., income proof for Premium accounts)
What is the minimum balance required to maintain a Bandhan Bank Savings Account?
The minimum balance requirement varies based on the type of savings account:
Standard Savings Account: ₹1,000
Advantage Savings Account: ₹2,000
Premium Savings Account: ₹5,000
Failing to maintain the minimum balance could result in penalties.
What is the interest rate on Bandhan Bank Savings Accounts?
Bandhan Bank offers competitive interest rates on savings accounts, with rates generally ranging from 3.00% to 7.00% p.a. The exact rate depends on the type of account and the amount you maintain in the account.
How is the interest on a Bandhan Bank Savings Account calculated?
Interest is calculated on the daily balance in the account and is credited quarterly. The interest rate is compounded daily and paid out quarterly.
Can I access my Bandhan Bank Savings Account online?
Yes, Bandhan Bank offers online banking and mobile banking facilities. You can:
Check account balance and transaction history
Transfer funds (NEFT, IMPS, UPI, etc.)
Pay bills and recharge
Request cheque books and other services
Is there an ATM card available with a Bandhan Bank Savings Account?
Yes, Bandhan Bank provides a debit card with most savings accounts. This card can be used for:
ATM withdrawals
Online purchases
Point of Sale (POS) transactions
What are the charges for using non-Bandhan Bank ATMs?
You can withdraw money free of charge from Bandhan Bank ATMs. However, for non-Bandhan ATMs:
First 6 withdrawals per month are free
₹20 per transaction for additional withdrawals
Can I open a Bandhan Bank Savings Account jointly?
Yes, you can open a joint savings account with another person. Both account holders will have equal rights to operate the account.
How can I check my Bandhan Bank Savings Account balance?
You can check your balance using:
Mobile Banking App
Internet Banking
ATM
Passbook (through branch updates)
What is the process to close a Bandhan Bank Savings Account?
To close your Bandhan Bank savings account, follow these steps:
Clear any pending transactions.
Visit the nearest branch or use online banking to request account closure.
Withdraw the balance.
Return your debit card and cheque book.
Submit the account closure form and get a confirmation.
Are there any penalties for not maintaining the minimum balance?
Yes, Bandhan Bank imposes a penalty if the minimum balance is not maintained. The penalty depends on the type of account:
₹100-₹250 per month for standard, advantage, or premium accounts.
What are the transaction charges for NEFT, RTGS, or IMPS transfers?
NEFT/RTGS: Free
IMPS: ₹5-₹15 depending on the amount transferred
How can I transfer funds from my Bandhan Bank account to another bank?
You can use the following methods to transfer funds:
NEFT/RTGS (for larger amounts)
IMPS (instant transfers)
UPI (for smaller amounts, free of charge)
Can I use my Bandhan Bank Savings Account for international transactions?
Yes, you can use your Bandhan Bank debit card for international transactions, both at ATMs and for online purchases, subject to the availability of international transactions on your card.
How do I reset my Bandhan Bank account password or PIN?
To reset your password or PIN:
Mobile Banking: Go to the settings section to reset your login credentials.
Internet Banking: Use the “Forgot Password” option on the login page.
Can I link my Bandhan Bank account with UPI?
Yes, you can link your Bandhan Bank savings account with UPI to make instant payments using your mobile phone.
What is the Auto-Sweep facility in a Bandhan Bank Savings Account?
The Auto-Sweep Facility allows you to automatically transfer surplus funds from your savings account to a fixed deposit (FD) to earn higher interest. When needed, the FD can be broken to return the funds to the savings account.
Is there a mobile banking app for Bandhan Bank?
Yes, Bandhan Bank provides a Mobile Banking App for both Android and iOS. You can use it for:
Fund transfers
Bill payments
Checking balances and transactions
Applying for services
Are there any charges for using Bandhan Bank’s mobile or internet banking?
No, Bandhan Bank does not charge for using its mobile banking or internet banking services.
What do I do if I lose my Bandhan Bank debit card?
If you lose your debit card, immediately:
Block your card by calling the customer care helpline at 1800-258-8181.
Alternatively, you can block the card through the Mobile Banking App or Internet Banking.
Can I request a cheque book for my Bandhan Bank Savings Account?
Yes, you can request a cheque book from Bandhan Bank. You can request it through:
Mobile Banking App
Internet Banking
Branch Visit
Does Bandhan Bank offer any special savings accounts for senior citizens or women?
Yes, Bandhan Bank offers Special Savings Accounts with additional benefits like higher interest rates and lower charges for senior citizens and women.
How do I update my KYC details with Bandhan Bank?
To update your KYC details, visit the nearest Bandhan Bank branch and submit the updated documents (such as a new address proof or ID proof).
Can I transfer my Bandhan Bank account to another branch?
Yes, you can transfer your savings account to another Bandhan Bank branch by submitting a request to the bank and providing the necessary documents.
How do I apply for a Bandhan Bank debit card?
When you open a savings account, a debit card is usually issued automatically. If you didn’t receive one, you can request it through:
Branch visit
Mobile banking
Internet banking
How can I contact Bandhan Bank customer support?
You can reach Bandhan Bank customer support via:
Toll-Free Number: 1800-258-8181
Email: customercare@bandhanbank.com
Live Chat: Available on the Bandhan Bank website
Branch Visit: Visit your nearest branch for assistance
