Bandhan Bank Gold Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



Bandhan Bank Gold Loan

About Bandhan Bank : Bandhan Bank initially emerged as a non-governmental organization that provided microloans to the underprivileged sections in the society in 2001. It focused on women's empowerment through the creation of sustainable livelihood. In 2006, it developed into a non-banking financial company to spread its microfinance activities. 

Bandhan bank started to operate as a universal bank in 2015 after the Reserve bank of India granted the universal banking license. It is a subsidiary of Bandhan Financial Holdings Limited (BFHL), which itself is a wholly-owned subsidiary of Bandhan Financial Services Limited (BFSL). The bank was inaugurated in 2015 by the then finance minister Arun Jaitley, making it the first bank to be set up in eastern India after the independence of India.

Headquarter: Bandhan bank operates with Kolkata, West Bengal, as its headquarters location. Due to the unavailability of adequate banks in the eastern side of the country, the Bandhan bank gained a lot of importance. The parent company, BFHL, also has its primary location in Kolkata.

Number of employees: Driven by a desire to serve better day by day, Bandhan bank has currently employed about 55,341 employees. The founder of the bank, Mr. Chandra Sekarf Ghosh, serves as the chief executive officer and the managing director. Dr. Anup Kumar Sinha is the Chairman of the bank.

Number of Branches & ATM: In the very first year, when Bandhan bank got its license approved by RBI, it had about 50 branches, 50 ATMs, and 2,022 DSC. Currently, it has about 5,626 banking outlets across the country. Out of 36 states and union territories in India, the bank has its outlets in 34. The bank's network comprises 1147 branches, 4163 banking units, and 487 ATMs across the nation. In 2019, GRUH Finance officially merged with Bandhan Bank.

Rate of Interest : Competitive rate of interest

Loan Amount : Above Rs. 10,000

Maximum Tenure : 36 months

Processing Fee : 1% of loan amount + GST

Prepayment Charges : Nil

Minimum Monthly Salary / Yearly Business Income : As Per Loan amount Requirements

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