Reduced Bloch mode expansion (RBME) is presented for fast periodic media band structure calculations. The expansion employs a natural basis composed of a selected reduced set of Bloch eigenfunctions. The reduced basis is selected within the irreducible Brillouin zone at high symmetry points determined by the medium's crystal structure and group theory (and possibly at additional related points). At each of the reciprocal lattice selection points, a number of Bloch eigenfunctions are selected up to the frequency/energy range of interest for the band structure calculations. As it is common to initially discretize the periodic unit cell and solution field using some choice of basis, RBME is practically a secondary expansion that uses a selected set of Bloch eigenvectors. Such expansion therefore keeps, and builds on, any favourable attributes a primary expansion approach might exhibit. Being in line with the well-known concept of modal analysis, the proposed approach maintains accuracy while reducing the computation time by up to two orders of magnitudes or more depending on the size and extent of the calculations. Results are presented for phononic, photonic and electronic band structures.