Bandhan Bank offers Recurring deposit (RD) account in order to instill a habit of regular savings within the investors. In this RD scheme, you can invest a fixed amount every month for a fixed tenure. Once can make these installments to a Bandhan Bank RD account either by an ECS mandate, Standing Order, or by regular direct remittance.
A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. If you are familiar with SIP in Mutual Funds, RD works similarly in banking. Every month, a fixed amount of money is deducted either from a savings or a current account. And, at the end of the maturity, investors are paid back their invested money with accrued interest.
A user willing to open an RD account with Bandhan Bank can choose any amount and term according to your convenience.
Here's the interest rates offered by Bandhan Bank according to the tenure -
Tenure | Regular Rates (p.a) | Senior Citizen Rates (p.a) |
---|---|---|
6 months to 364 days | 4.50% | 5.25% |
1 year to 18 months | 7.00% | 7.50% |
18 months 1 day to 1 year 364 days | 7.00% | 7.50% |
2 years to 3 years | 7.00% | 7.50% |
3 years 1 day to 5 years | 7.00% | 7.50% |
5 years to 10 years | 5.60% | 6.35% |
The above interest rates are for investments less than INR 2 crore
Investment Amount:₹180,000 Interest Earned:₹21,001 Maturity Amount: ₹201,001RD Calculator
A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.
Illustration-
RD Calculator | INR |
---|---|
Monthly Deposit Amount | 500 |
RD in month | 60 |
Rate of Interest | 7% |
RD Maturity Amount | INR 35,966 |
Interest Earned | INR 5,966 |
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Systematic Investment plan (SIP) is a way to put your money in mutual funds. Investment can be done on a periodic Basis - daily, weekly, monthly or quarterly
You need to deposit a small amount of money at every interval. The minimum amount can be as low as INR 500
SIPs can help in all kinds of investment goals, whether short- or long –term, depending on the frequency of investment, funds chosen and other factors
SIPs offer flexible instalment plans of daily, weekly, monthly, quarterly etc
Returns can be earned better here. The longer you invest via a SIP in mutual funds, especially in an Equity Fund, the higher are the chances to earn good returns
To Cancel SIP, the investors can simply close their investment and withdraw their money without any penal charges
Here's a list of best performing equity SIPs for an investment horizon of five years and above
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) DSP US Flexible Equity Fund Growth ₹67.1635
↓ -0.16 ₹935 500 21.1 8.3 29.9 17.3 16.9 17.8 Franklin Asian Equity Fund Growth ₹31.3929
↓ -0.25 ₹263 500 10.4 8.8 15.7 7.8 3.5 14.4 Invesco India Growth Opportunities Fund Growth ₹100.37
↑ 1.17 ₹7,887 100 13.2 18.3 12.4 24.8 24.2 37.5 ICICI Prudential Banking and Financial Services Fund Growth ₹133.09
↑ 0.91 ₹10,088 100 4.9 12.9 11.7 16 21.6 11.6 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹59.81
↑ 0.34 ₹3,625 1,000 4.6 13.9 9.4 15.9 21.4 8.7 Motilal Oswal Multicap 35 Fund Growth ₹60.2198
↑ 0.55 ₹13,894 500 4.7 8.2 6.1 22.4 18.7 45.7 Kotak Standard Multicap Fund Growth ₹83.467
↑ 0.70 ₹54,841 500 5.5 11.5 2.5 16.3 19.3 16.5 Axis Focused 25 Fund Growth ₹54.5
↑ 0.55 ₹13,025 500 5.3 9.7 2.4 9 13.3 14.8 Mirae Asset India Equity Fund Growth ₹111.058
↑ 1.02 ₹40,725 1,000 4.4 8.3 2.4 12.2 16.7 12.7 Tata India Tax Savings Fund Growth ₹43.3161
↑ 0.26 ₹4,711 500 4.6 6.8 0 14.7 19.6 19.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25 Research Highlights & Commentary of 10 Funds showcased
Commentary DSP US Flexible Equity Fund Franklin Asian Equity Fund Invesco India Growth Opportunities Fund ICICI Prudential Banking and Financial Services Fund Aditya Birla Sun Life Banking And Financial Services Fund Motilal Oswal Multicap 35 Fund Kotak Standard Multicap Fund Axis Focused 25 Fund Mirae Asset India Equity Fund Tata India Tax Savings Fund Point 1 Bottom quartile AUM (₹935 Cr). Bottom quartile AUM (₹263 Cr). Lower mid AUM (₹7,887 Cr). Upper mid AUM (₹10,088 Cr). Bottom quartile AUM (₹3,625 Cr). Upper mid AUM (₹13,894 Cr). Highest AUM (₹54,841 Cr). Upper mid AUM (₹13,025 Cr). Top quartile AUM (₹40,725 Cr). Lower mid AUM (₹4,711 Cr). Point 2 Established history (13+ yrs). Established history (17+ yrs). Oldest track record among peers (18 yrs). Established history (16+ yrs). Established history (11+ yrs). Established history (11+ yrs). Established history (15+ yrs). Established history (13+ yrs). Established history (17+ yrs). Established history (10+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Point 4 Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 16.86% (lower mid). 5Y return: 3.48% (bottom quartile). 5Y return: 24.24% (top quartile). 5Y return: 21.58% (top quartile). 5Y return: 21.38% (upper mid). 5Y return: 18.68% (lower mid). 5Y return: 19.27% (upper mid). 5Y return: 13.28% (bottom quartile). 5Y return: 16.71% (bottom quartile). 5Y return: 19.58% (upper mid). Point 6 3Y return: 17.26% (upper mid). 3Y return: 7.79% (bottom quartile). 3Y return: 24.79% (top quartile). 3Y return: 16.02% (upper mid). 3Y return: 15.90% (lower mid). 3Y return: 22.37% (top quartile). 3Y return: 16.26% (upper mid). 3Y return: 8.99% (bottom quartile). 3Y return: 12.25% (bottom quartile). 3Y return: 14.73% (lower mid). Point 7 1Y return: 29.94% (top quartile). 1Y return: 15.69% (top quartile). 1Y return: 12.41% (upper mid). 1Y return: 11.65% (upper mid). 1Y return: 9.42% (upper mid). 1Y return: 6.15% (lower mid). 1Y return: 2.48% (lower mid). 1Y return: 2.44% (bottom quartile). 1Y return: 2.38% (bottom quartile). 1Y return: 0.01% (bottom quartile). Point 8 Alpha: -4.34 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 9.12 (top quartile). Alpha: -0.92 (bottom quartile). Alpha: -6.15 (bottom quartile). Alpha: 8.72 (top quartile). Alpha: 1.33 (upper mid). Alpha: 2.19 (upper mid). Alpha: 1.62 (upper mid). Alpha: -0.42 (lower mid). Point 9 Sharpe: 0.51 (top quartile). Sharpe: 0.42 (upper mid). Sharpe: 0.50 (upper mid). Sharpe: 0.72 (top quartile). Sharpe: 0.38 (lower mid). Sharpe: 0.42 (upper mid). Sharpe: 0.10 (bottom quartile). Sharpe: 0.15 (lower mid). Sharpe: 0.12 (bottom quartile). Sharpe: -0.01 (bottom quartile). Point 10 Information ratio: -0.49 (bottom quartile). Information ratio: 0.00 (lower mid). Information ratio: 1.03 (top quartile). Information ratio: 0.11 (upper mid). Information ratio: 0.35 (upper mid). Information ratio: 0.73 (top quartile). Information ratio: 0.21 (upper mid). Information ratio: -1.01 (bottom quartile). Information ratio: -0.70 (bottom quartile). Information ratio: -0.31 (lower mid). DSP US Flexible Equity Fund
Franklin Asian Equity Fund
Invesco India Growth Opportunities Fund
ICICI Prudential Banking and Financial Services Fund
Aditya Birla Sun Life Banking And Financial Services Fund
Motilal Oswal Multicap 35 Fund
Kotak Standard Multicap Fund
Axis Focused 25 Fund
Mirae Asset India Equity Fund
Tata India Tax Savings Fund