Bandhan Bank Savings Account

Bandhan Bank Savings Account

Last Updated : Feb. 27, 2025, 1:08 p.m.

Bandhan Bank is one of the nouveau banks in India. Incorporated in 2014, it is the subsidiary of the largest microfinance organisation in India. Bandhan Bank now has more than 1000 branches across the country. In this article, we will take a deeper look into the Bandhan Bank Savings Account and their features offered by Bandhan Bank.

Bandhan Bank Savings Account Interest Rates 2026

Below are the savings accounts interest rates for Bandhan Bank savings accounts:

Bandhan Bank savings accountRate of Interest

Balance up to Rs. 1 Lakh

3.00%

Balance above Rs. 1 Lakh to Rs. 10 Lakh

6.00%

Balance above Rs. 10 Lakh to Rs. 2 Crore

7.00%

Balance above Rs. 2 Crore to Rs. 10 Crore

6.25%

Balance above Rs. 10 Crore to Rs. 50 Crore

6.50%

Balance above Rs. 50 crore to Rs. 100 crore

8.00%

Balance above ₹100 crore to ₹250 crore

8.00%

Types of Bandhan Bank Savings Account

Below are the types of savings accounts provided by Bandhan Bank.

1) Premium Account

This is a premium savings account. The average monthly balance requirement is Rs. 100000.

  • Free financial transfers
  • Phone banking
  • Issuance of free cheque books.
  • Concert and exhibit invites
  • Special dining and shopping offers

2) Sachay Savings Account

This no-frills savings account. The account holder should maintain an average monthly balance of Rs. 2000.

  • SMS alerts
  • Any branch banking
  • Internet banking
  • Mobile banking

3) Advantage Saving Account

This savings account requires an average monthly balance of Rs. 25000.

  • Internet banking,
  • Fast fund transfers
  • High-interest rate
  • Increased transaction limits
  • Free ATM withdrawals
  • Branch banking

4) Special Saving Account

This account is specially designed for differently abled people.

The average minimum balance requirement Rs. 5000.

  • Mobile banking,
  • Doorstep banking,
  • Free online banking
  • Free debit card.

5) Standard Saving Account

This savings account gives a high-interest rate. It requires an average monthly balance of Rs. 5000

  • Internet banking
  • online fund transfer
  • phone banking available.
  • Transaction alerts help keep a track of transactions

6) TASC Account

The Trust, Association, Society, and Club savings account is specially designed for non-profit organizations. This is a zero balance account.

  • Doorstep banking,
  • 60 free cheque leaves every quarter
  • Local cheque collecting

7) GOS Account

This top zero-balance account is intended for central and state government personnel for receiving subsidies and grants.

  • Doorstep banking
  • Free demand drafts
  • Complimentary internet banking services.

8) Basic Savings Account

This is a basic savings account with a zero balance with a free debit card.

9) Basic Small Savings Account

This zero-balance account is intended for people who do not have the necessary documents to start an account.

  • Certain restrictions on deposits and withdrawals of funds.

Bandhan Bank Savings Account Benefits

  • Easy to open and operate.
  • Any branch banking.
  • Mobile banking, phone banking available.
  • Free debit cards.
  • Passbook and chequebooks issued.

Documents Required for Bandhan Bank Savings Account

The documents for opening a savings account are:

  • Proof of Identity - PAN card, passport, driving license, Aadhar card
  • Proof of residence - Aadhar card , passport, utility bill, ration card
  • Proof of signature - NREGA card, passport
  • Photographs - Recent

What is the Minimum Balance for Bandhan Bank Savings Account?

Below are the minimum balance requirements for Bandhan Bank savings account:

Savings Account TypeAverage Monthly Balance Requirement

Premium Savings Account

Rs.1,00,000

Advantage Savings Account

Rs.25,000

Sanchay Savings Account

Rs.2,000

Standard Savings Account

Rs.5,000

Special Savings Account

Rs. 5, 000

Special Savings Account

Rs.5,000

GOS Savings Account

Nil

TASC Savings Account

Nil

BSBDA Savings Account

Nil

BSBDA-Small Savings Account

Nil

Bandhan Bank Savings Account Charges & Fee

Below are the charges and fees related to Bandhan Bank savings account.

ParticularsFees

Average quarterly balance

Nil

Non-maintenance charges

Nil

Cash deposit

Up to Rs.5 lakhs free per month

IMPS/NEFT/RTGS

Free

Cheque leaves

Rs.2 per leaf

Debit card issuance

Nil

Debit card AMC charges

Nil for the first year

ATM transactions in Bandhan Bank

Unlimited

ATM transaction in Non-Bandhan Bank

Unlimited

Issuance of passbook

Free

Email statements

Free

Issuance of annual consolidated statement

Free

SMS alert facility

Free

Debit card annual charges

Nil

Debit card reissuance charges

Rs.150

Debit card Pin re-generation charges

Nil

NEFT Transfer

  1. Up to Rs.10,000: Rs.2.50 + service tax
  2. Rs.10,000 to Rs.1 lakh: Rs.5 + service tax
  3. Rs.1 lakh to Rs.2 lakh- Rs.15 + service tax
  4. Above Rs.2 lakh: Rs.25 + service tax

IMPS charges

  1. Up to Rs.1 lakh: Rs.5 per transaction
  2. Above Rs.1 lakh to Rs.2 lakh: Rs.15 per transaction

DD issuance charges

  1. Up to Rs.2,000: Rs.20 per instrument
  2. Above Rs.2,000 below Rs.10,000: Rs.50 per instrument
  3. Above Rs.10,000: Rs.2 per Rs.1,000 per transaction

Duplicate DD Issuance

Rs.100 per instrument

DD cancellation/revalidation

Rs.100 per instrument

Cheque stop payment

Rs.100 per instrument Rs.300 per series

Cheque/ECS return

Rs.200

Duplicate passbook for balance maintained and 400 entries

Rs.100

Duplicate annual consolidated statement

Rs.200

Additional cheque leave after the free cheque leaves

Rs.2 per cheque leaf

Customer induced account closing within 6 months

Rs.300

How to open a Savings Account in Bandhan Bank?

You can open a savings account at Bandhan Bank at the comfort of your home. Apply for opening a savings account on the official bank website. Fill in the bank application form and upload all KYC documents. A bank official will get back to you.

You can also complete the form using the bank application. Upload all the documents and wait for the confirmation from the bank.

A starter kit is shared with you once the application is processed.

Alternatively you can visit the nearest branch of Bandhan Bank and submit your application with all the required documents.

Frequently Asked Questions (FAQs)

What is the minimum balance of a bandhan bank savings account?

Is bandhan bank a zero balance account?

Is bandhan bank savings account safe?

What is the monthly average balance of bandhan bank?

What is the limit of bandhan bank ATMs?

How many transactions are free in bandhan bank?

What are cash deposit charges in bandhan bank?

What is the interest rate of bandhan bank savings account?

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