📜 Rates, Tax & Disclaimer
Rates effective: February 2026
Estimated maturity values are based on Bandhan Bank domestic retail term deposit interest rates (below ₹3 crore). Final maturity amount may slightly vary depending on deposit date and compounding cycle.
Interest Rate Pattern:
Bandhan Bank currently offers highest return around 2–3 year deposits rather than very long 5–10 year FDs.
TDS Rules:
₹40,000 yearly interest (regular depositors)
₹50,000 yearly interest (senior citizens)
This calculator is an estimation tool only. Please confirm exact rate with bank branch before investing.
What is the Bandhan Bank Fixed Deposit Calculator?
The Bandhan Bank FD Calculator is a free online tool that helps you estimate how much your fixed deposit will grow before you actually open the FD. Instead of guessing or calculating on paper, you can simply enter the amount and time period, and the tool shows your maturity value and total interest instantly.
In a bank branch, normally, the staff calculates FD return using interest formulas. This calculator does the same work automatically — but faster and without manual mistakes. In simple words: You are checking the result first, and only then deciding whether to invest.
A Fixed Deposit itself is a bank agreement. You deposit a lump sum, and the bank promises to return it with fixed interest after a chosen time. If you want to understand FD basics in detail, you can read here: How Fixed Deposit works in India.
Banks follow the deposit interest rules issued by the Reserve Bank of India (RBI) deposit interest guidelines, which is why FD returns are predictable compared to market investments.
Why do people use this calculator?
- To know the maturity amount before visiting the branch
- For Compare 1 year vs 2 year vs 3 year FD
- To check the senior citizen’s extra interest benefit
- Help to decide the correct deposit amount according to a goal
- To avoid breaking the FD later due to wrong planning
Example: Suppose you want ₹2 lakh after 2 years for a bike purchase. Instead of randomly depositing money, you can try different amounts in the calculator and find how much you should invest today.
Key Benefits of Bandhan FD Calculator
- Accurate estimate: removes manual calculation errors
- Goal planning: It helps match deposits with future expenses
- Comparison: you can compare different tenures quickly
- Free access: available anytime without login or documents
- Decision support: reduces chances of premature FD closure
How the calculator actually works
The tool internally uses standard banking interest methods. For very short periods, banks apply simple interest, but for cumulative fixed deposits, interest is compounded (interest earns interest).
- Short tenure → simple interest effect
- Longer tenure → compound interest effect
- Senior citizen → slightly higher rate
- Higher tenure → stronger compounding impact
Because of compounding, a 3-year FD does not simply give three times the 1-year interest — it gives more. That is why banks usually offer best effective return in mid-term deposits rather than very short-term deposits.
Current Bandhan Bank FD Interest Rates
After the December 2025 policy changes, banks adjusted deposit returns. Bandhan Bank revised its retail term deposit rates from September 1, 2025. (Retail deposits below ₹3 crore). Currently, the bank is rewarding medium-term deposits more than very short and very long-term deposits.
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7 – 14 Days | 2.95% | 3.70% |
| 15 – 30 Days | 2.95% | 3.70% |
| 1 – 2 Months | 3.45% | 4.20% |
| 2 – 3 Months | 4.20% | 4.95% |
| 3 – 6 Months | 4.20% | 4.95% |
| 6 – 12 Months | 4.20% | 4.95% |
| 1 Year | 7.00% | 7.50% |
| 1 – 2 Years | 7.00% | 7.50% |
| 2 – 3 Years | 7.20% | 7.70% |
| 3 – 5 Years | 7.00% | 7.50% |
| 5 – 10 Years | 5.85% | 6.60% |
- Tip: Notice something interesting — the 5-year FD is not the highest. Banks prefer stable deposits around 2–3 years, so they pay slightly higher interest there.
- Real understanding: Short FD = flexibility, Long FD = safety, Medium FD = best return balance (currently around 2–3 years).
How the Calculator Actually Works
The calculator does not guess returns. It simply applies the same banking formulas that a bank system uses — but instantly. You enter amount and time period, and the tool calculates interest and maturity value automatically.
Banks use two interest methods depending on the type of deposit:
- Simple Interest: used for very short deposits (generally below 6 months)
- Compound Interest: used in cumulative FDs, where interest is added back to the deposit every quarter
Compound interest means interest also starts earning interest. This is why a 2–3 year FD grows much faster than repeating short 6-month FDs.
Real Life Example: Suresh Kumar
Suppose Suresh Kumar is a retired person and wants a safe income. He invests ₹5,00,000 in a Bandhan Bank FD for 2 years and selects the senior citizen option.
- Deposit Amount: ₹5,00,000
- Tenure: 2 Years
- Senior Citizen Rate: 7.70% per year
- Compounding: Quarterly (bank standard)
After 2 years, his maturity becomes approximately ₹5,82,000+. So he earns around ₹82,000 interest without taking any market risk.
This extra earning happens because the interest every quarter gets added back into the deposit and again starts earning interest.
What the Calculator Does Internally
When you press calculate, the tool performs multiple checks instantly:
- Reads your amount and tenure
- Automatically applies the senior citizen rate if selected
- Applies quarterly compounding for long tenures
- Calculates effective yield (real return, not just rate)
- Shows total interest and final maturity
Important: The final maturity amount is always slightly higher than simple multiplication because of compounding.
Monthly Income Option (Very Important)
If Suresh instead chooses a monthly payout FD, the bank will not add interest back to the deposit. Instead, he will receive regular income.
- Approx monthly income: about ₹3,200 per month
- Final maturity: exactly ₹5,00,000
So the difference is simple:
- Cumulative FD → money grows
- Monthly payout FD → income comes
How to Use the FD Calculator (Step-by-Step)
- Enter the deposit amount you plan to invest.
- Select your age group (choose senior citizen if above 60).
- Choose the FD tenure you are considering.
- Select deposit type: growth (cumulative) or monthly income.
- The calculator will instantly show the maturity value and interest earned.
- Change tenure (for example, 1 year vs 3 years) and compare results.
- Check which option matches your goal — lump sum or monthly income.
- Then open the FD in the bank branch or online with confidence.
Best practice: Always test 2-year and 3-year tenure once before booking FD. Many people directly choose 5 years and miss a better return.
Tax Rules on Bandhan Bank Fixed Deposit (FY 2025-26)
The FD calculator does not only show maturity amount. It also helps you understand tax impact — because FD interest is taxable in India. There are two separate things to understand: tax saving benefit and TDS deduction.
1. Tax Saving FD (Section 80C)
Bandhan Bank offers a special 5-year Tax Saver Fixed Deposit. This type of FD reduces your taxable income under Section 80C.
- You can claim deduction up to ₹1.5 lakh in one financial year
- Lock-in period is 5 years (no early withdrawal allowed)
- Loan facility is not available during lock-in
- Available only for resident individuals and HUF
Important: Tax benefit applies only to the amount invested, not the interest earned.
2. TDS on FD Interest
Bank checks how much total interest you earn in one financial year. If it crosses a certain limit, the bank deducts tax before paying you.
- Regular customers → TDS after ₹50,000 yearly interest
- Senior citizens → TDS after ₹1,00,000 yearly interest
TDS rate:
- 10% if PAN is submitted
- 20% if PAN is not provided
The calculator shows your estimated interest, so you can roughly predict whether TDS may apply.
3. How to Avoid TDS (Form 15G / 15H)
If your total income is below the taxable limit, you can submit a declaration form to the bank at the beginning of the financial year.
- Form 15G: Individuals below 60 years
- Form 15H: Senior citizens (60+)
After submitting the form, the bank will not deduct TDS, though the income still needs to be reported in ITR if required.
Quick Tax Reference
| Feature | Regular Citizen | Senior Citizen |
|---|---|---|
| 80C Deduction | Up to ₹1.5 lakh | Up to ₹1.5 lakh |
| TDS Threshold | ₹50,000 | ₹1,00,000 |
| Extra Interest Deduction | Not available | Up to ₹50,000 (80TTB) |
| TDS Rate (with PAN) | 10% | 10% |
Remember: TDS is not final tax. It is only advance tax deduction. Actual tax depends on your income slab when filing income tax return.
Practical FAQs
How to check the Bandhan Bank FD calculator’s monthly interest?
Enter your deposit amount, choose monthly payout option and tenure. Example: ₹5 lakh at 7% gives around ₹2,900–₹3,200 monthly income. Calculator shows exact figure instantly before visiting branch.
Do senior citizens get any extra benefits in the Bandhan Bank FD calculator?
Yes. If the age is above 60, enable the senior citizen option. The bank usually gives about 0.50% extra interest. On ₹5 lakh for 2–3 years, the return increases roughly ₹15,000–₹20,000 more.
Can I calculate Bandhan Bank’s 500-day FD return?
Yes, select around 1.5 year tenure. Earlier 500-day schemes gave higher promotional rates. The calculator estimates maturity close to the real branch quote, so you know the expected amount beforehand.
What is Bandhan Bank’s monthly income scheme interest rate?
Monthly income FD usually uses a normal FD rate, around 6.5%–7.5%, depending on tenure. Interest is paid monthly, but the principal remains the same. Good for retirees needing regular household expense support.
Is Bandhan FD calculator accurate or only a rough idea?
It uses the standard banking quarterly compounding formula. Result normally matches the bank system closely, small difference may occur because the final booking date and interest revision day can slightly change the maturity amount.
How much minimum amount needed to use the FD calculator?
You can test even ₹1,000 deposit because Bandhan’s minimum FD starts near this level. Many users try ₹50,000, ₹1 lakh and ₹5 lakh to compare maturity before deciding investment.
Why should I check the calculator before opening an FD?
Many villagers open the FD randomly and later break early. A calculator helps plan a goal first. You see the maturity date and return, so the chances of a premature penalty become much lower.