Bandhan Bank Advantage Savings Account Review - Lounge Access, High Limits & More
The Bandhan Bank Advantage Savings Account offers an attractive combination of high-interest earnings, exclusive debit card benefits, and premium lifestyle perks. With a minimal monthly average balance requirement of ₹25,000, it provides unlimited branch cash withdrawals, free digital transactions, and RuPay Platinum Debit Card privileges such as high transaction limits, complimentary domestic and international lounge access, and accident insurance. Perfect for individuals seeking a comprehensive savings account with added value and convenience.
Bandhan Bank’s Advantage Savings Account offers a suite of benefits tailored for individuals and families, ensuring both convenience and high returns. Below is a detailed breakdown of its features, eligibility, and benefits:
Check our Unboxing Video For Full Details as Well - Unboxing Bandhan Bank Rupay Debit Card | Complete Features, Benefits Of Advantage Savings Account - YouTube- CLICK HERE
Eligibility Criteria
- Individual residing in India.
- Hindu Undivided Family (HUF).
- Monthly Average Balance (MAB): ₹25,000.
Key Charges
- MAB Penalty Charges: NIL (no penalty for non-maintenance).
- Non-Maintenance Consequence: Downgrade to an appropriate scheme.
- Branch Transaction Charge (if MAB not maintained): ₹75 per transaction.
- Debit Card Issuance Charges: ₹300 + Tax for RuPay Platinum Debit Card (Visa/Mastercard Platinum variants available).
Features
- Attractive interest rates on savings (details available on the Rates & Charges page).
- Monthly Average Balance: ₹25,000.
Exclusive Benefits
- Cash Deposit Limit: Free up to ₹5 lakh per month.
- Branch Cash Withdrawal: Unlimited free transactions.
- Cheque Book: 40 multi-city 'at-par' cheque leaves per month free.
- ATM Withdrawals: 10 free cash withdrawals per month at other bank ATMs. (W.E.F 1st Jan 2025 Other Bank Atm Transaction will be limited to 5 per month)
- Funds Transfer: 10 free IMPS/RTGS/NEFT transactions (via branch) or DDs per month.
- NEFT Charges: Free via Internet Banking and mBandhan mobile app.
- Standing Instructions: Free for Bandhan Bank accounts.
Additional Benefits
- Passbook facility.
- Multi-city ‘at-par’ cheque book.
- Access to any branch for banking services.
- Digital banking (Net Banking, Phone Banking, Mobile Banking).
- Transaction alerts.
- Nomination facility.
- 24/7 customer care support.
Bandhan Bank RuPay Platinum Debit Card (₹300 + Tax)
Features
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Higher Daily Transaction Limits:
- Daily ATM cash withdrawal limit: ₹2 lakh.
- Daily purchase transaction limit: ₹6 lakh.
- Transaction limits can be customized through Internet Banking, Mobile Banking, or by visiting your nearest branch.
-
Exclusive Offers:
- Discounts across travel, dining, entertainment, groceries, online shopping, and leisure. View Offers.- Click Here
-
Secure & Convenient Payments:
- NFC-enabled EMV chip technology for fast, secure, and contactless payments.
-
Complimentary Lounge Access:
- 1 domestic lounge access per calendar quarter at select airports/railway lounges. View Lounge List.- Click Here
- 2 international airport lounge accesses per annum.
No Spend Based Limit until now to access the Lounge.
Debit Card Comparison(All 3 Variant)
| Feature | RuPay Platinum | Visa Platinum | Mastercard Platinum |
|---|---|---|---|
| Daily ATM Cash Withdrawal Limit | ₹2 lakh | ₹1 lakh | ₹2 lakh |
| Daily Purchase Transaction Limit | ₹6 lakh | ₹4 lakh | ₹6 lakh |
| Complimentary Domestic Lounge Access | 1 per quarter | 2 per quarter | None |
| Complimentary Railway Lounge Access | 1 per quarter | None | None |
| Complimentary International Lounge Access | 2 per annum | None | None |
| Exclusive Offers | Discounts across travel, dining, shopping, and leisure | Discounts across travel, dining, shopping, and leisure | Discounts across travel, dining, shopping, and leisure |
| NFC-Enabled EMV Chip Technology | Yes | Yes | Yes |
| Emergency Assistance | 24x365 legal, medical, and other assistance | Not explicitly mentioned | 24x365 legal, medical, and other assistance |
| Insurance - Personal Accident | ₹2 lakh (accidental disability cover) | ₹10 lakh (road/rail); ₹1 crore (air*) | ₹10 lakh (road/rail); ₹1 crore (air*) |
| Insurance - Purchase Protection | Not Applicable | ₹2 lakh | ₹2 lakh |
| Lost Card Liability | Not specified | ₹3.5 lakh | ₹5 lakh |
| Lounge Partner Updates | Standard list | Standard list | Some lounges under Plaza Premium services impacted. Alternates provided. |
| Additional Benefits | - Secure online shopping - Fast payments via NFC technology |
- Secure online shopping - Convenient NFC payments |
- Secure online shopping - Convenient NFC payments |
Key Notes:
· Lounge access is subject to terms and conditions; see the respective lounge lists for details.
· Insurance benefits are valid for active card users; for air accident insurance, the ticket must be purchased using the respective card.
Recommendation Based on Usage
·Frequent Travelers: Mastercard Platinum is ideal with higher insurance coverage and domestic lounge access.
·High Transaction Needs: RuPay Platinum offers the highest transaction limits and international lounge access.
·Moderate Spenders: Visa Platinum provides sufficient transaction limits with essential insurance benefits.
For more details, check:
Unboxing Video of Advantage Account And Rupay Platinum Debit: Unboxing Bandhan Bank RuPay Debit Card.
Features & Charges: Bandhan Bank Schedule of Charges.
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