{"id":1948,"date":"2018-03-11T00:29:47","date_gmt":"2018-03-10T18:59:47","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=1948"},"modified":"2019-09-25T11:49:21","modified_gmt":"2019-09-25T06:19:21","slug":"bandhan-bank-savings-account","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/bandhan-bank-savings-account\/","title":{"rendered":"Bandhan Bank Savings Account"},"content":{"rendered":"

Bandhan Bank is a commercial private bank established in the year 2014. It was founded in Kolkatta by Bandhan Financial Holdings, one of the leading microfinance providers in the country. Bandhan Financial Holdings was set up in the year 2001 and has steadily climbed to the top in terms of providing quality services to those seeking microfinance<\/p>\n

Bandhan Bank Savings Account Interest Rate<\/h2>\n

Bandhan Bank offers its customers an interest rate of 6% per annum for accounts with a balance over Rs. 1 lakhs and above, and 4.25% per annum for accounts with a balance of less than Rs. 1 lakh.<\/p>\n

Minimum Balance Requirements for Bandhan Bank Savings Accounts<\/h2>\n

Bandhan Bank\u2019s minimum balance requirements are given below:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Savings Account Type<\/strong><\/td>\nAverage Monthly Balance Requirement<\/strong><\/td>\n<\/tr>\n
Premium Savings Account<\/td>\nRs. 1, 00, 000<\/td>\n<\/tr>\n
Advantage Savings Account<\/td>\nRs. 25, 000<\/td>\n<\/tr>\n
Sanchay Savings Account<\/td>\nRs. 2, 000<\/td>\n<\/tr>\n
Standard Savings Account<\/td>\nRs. 5, 000<\/td>\n<\/tr>\n
Special Savings Account<\/td>\nRs. 5, 000<\/td>\n<\/tr>\n
GOS Savings Account<\/td>\nNil<\/td>\n<\/tr>\n
TASC Savings Account<\/td>\nNil<\/td>\n<\/tr>\n
BSBDA Savings Account<\/td>\nNil<\/td>\n<\/tr>\n
BSBDA-Small Savings Account<\/td>\nNil<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Types of Bandhan Bank Savings Accounts<\/h2>\n

Premium Savings Account:<\/em><\/strong>\u00a0The Bandhan Bank Premium Savings Account provides accountholders with a range of privileges and premium services such as phone banking, fund transfers and cheque books free of charge. Holders will also enjoy shopping and dining privileges as well as invitations to various events like exhibitions, concerts etc.<\/p>\n

Advantage Savings Account<\/em><\/strong>: With the Bandhan Bank Advantage Savings Account, enjoy facilities such as a higher rate of interest and increased transaction limit along with services like any branch banking and internet banking. Avail of benefits such as free cash withdrawal at ATM\u2019s and instant fund transfer services.<\/p>\n

Sanchay Savings Account:<\/em><\/strong>\u00a0The Bandhan Bank Sanchay Savings Account offers account holders a host of services to make banking a simple and hassle-free experience. As an account holder, track your account balance and spends anywhere, anytime through net banking and mobile banking. Enjoy all the services of a premium account without the need to maintain a high balance, such as SMS alerts and any branch banking, among others.<\/p>\n

Standard Savings Account:<\/em><\/strong>\u00a0Begin saving with the Bandhan Bank Standard Savings Account and enjoy perks and benefits such as high rates of interest, low minimum balance requirement and a host of services. Make banking transactions convenient with internet banking and keep track of your account balance with transaction alerts. Enjoy privileges such as online fund transfer and phone banking.<\/p>\n

Special Savings Account<\/em><\/strong>: The Bandhan Special Savings Account is a unique offering for the ddifferently abled, providing them with banking services at a nominal cost. Account holders can enjoy a number of services such as mobile banking, home delivery of cash and cheque as well as internet banking free of cost. Holders will also receive a Debit card with annual fees waived off.<\/p>\n

GOS Savings Account:<\/em><\/strong>\u00a0Specially designed for Central and State government departments, this offering from the bank provides these bodies with subsidies and grants. There is no minimum balance requirement and holders will enjoy services such as doorstep banking, free Demand Drafts as well as complimentary internet banking facilities.<\/p>\n

TASC Savings Accounts:<\/em><\/strong>\u00a0Designed for non-profit organisations, the Trust, Association, Society and Club (TASC) Savings Account provides these bodies with special services such as collection of local cheques, doorstep banking and 60 cheque leaves per quarter free of charge. Please refer to the bank\u2019s website for a complete list of rules regarding opening an account.<\/p>\n

Basic Savings Bank Deposit Account (BSBDA):<\/em><\/strong>\u00a0This offering is for those individuals who wish to maintain a savings account without the burden of maintaining a balance. This is a zero-balance no-frills account that provides the account holder with a free\u00a0Debit card.<\/p>\n

Basic Savings Bank Deposit Account- Small<\/em><\/strong>: This account is for those individuals who wish to open a savings account but do not have the necessary documentation to do so. Such individuals can open an account subject to certain restrictions regarding withdrawals and deposits (kindly refer to bank\u2019s website or contact a branch for details).<\/p>\n

Opening a Bandhan Bank Savings Account<\/h2>\n

Those individuals seeking to open a savings account with Bandhan Bank can do so through two mediums- online account opening as well as offline account opening.<\/p>\n

Eligibility:<\/strong><\/p>\n

Indian citizens can open a Savings Account with the bank. The eligibility criteria for Bandhan Bank Savings Accounts are as follows:<\/p>\n