Peristylus banfieldii is a
tuberous,
perennial herb with between four and six leaves with wavy margins at its base. The leaves are long and wide, the largest leaves uppermost. Between fifteen and fifty cream-coloured to yellow, cup-shaped flowers about long and wide are borne on a hairy flowering stem tall. The
dorsal sepal is about long and wide, partly forming a hood over the
column. The
lateral sepals are a similar size to the dorsal sepal and spread widely apart from each other. The
petals are long and about wide and are projected forwards. The labellum is long, wide with its tip divided into three. Flowering occurs from January to March. ==Taxonomy and naming==