Bank Of Baroda Suvidha Fixed Deposit Scheme offers a consolidation of competitive interest along with easy liquidity. You can utilize your deposit conveniently through this scheme and it shall give you the perfect balance between both long-term as well as short-term deposit plans.
Features
- Balancing with your needs this scheme is very flexible and works just according to your requirements.
- You get to enjoy the benefit of dual attractive interest rates as well as flexible withdrawal limits.
- Nomination facilities are available.
Regular Income Plan
Regular Income Plan helps you gain some extra ounce of money from your deposit bringing you regular income monthly, quarterly, half-yearly and supplement your earning.
Features
| Benefits |
· Stay free from stress with this plan as it will take care of your money and shall provide you with the comfort of liquidity.
· Senior citizens gets to enjoy the benefit of 0.50% of an additional interest which applicable only for deposits of Rs 10,000 and above. |
| Overdraft/Withdrawal Facility |
Available, this plan does not give you many formalities on overdraft or withdrawals, thus you can enjoy up to 95% of the withdrawal of the deposit amount. |
| Nomination facility |
Available |
| Minimum Amount |
Rs 1000 and later in multiples of Rs 100 thereafter |
| Tenure |
Minimum of 12 months to a maximum period of 120 months. |
| Pre-mature Payment |
There is no penalty for pre-mature payment of deposit up to Rs 5 lacs provided the amount should remain in the bank for a period of at least 12 months. |
| Pre-mature Withdrawal |
Available, although if you withdraw the amount before the time of maturity then interest will be calculated at 1% below the rate applicable for the period of deposit. |
| TDS |
TDS is deducted on the interest payment as per the guidelines of the bank. |
| Documents |
· Passport size photo
· Address Proof
· an introduction as per bank norms |
Terms and Condition
- The interest on your deposit account is credited on a quarterly basis.
- You have to pay a minimum amount of Rs 1000 to open the account and later pay multiples of Rs 100.
- No penalty for pre-mature payment.
- Interest will be calculated 1% below the rate applicable for the period of deposit on pre-mature withdrawal of the deposit balance.
Monthly Income Plan
This plan is basically meant for individuals who regularly needs money to add into their regular income on a monthly basis. The interest which a person earn under this plan become another source of income for him/her.
Features
| Benefits |
· Stay free from stress with this plan as it will take care of your money and shall provide you with the comfort of liquidity.
· Senior citizens gets to enjoy the benefit of 0.50% of an additional interest which applicable only for deposits of Rs 10,000 and above. |
| Overdraft/Withdrawal Facility |
Available, this plan does not give you much formalities on overdraft or withdrawals, thus you can enjoy up to 95% of the withdrawal of the deposit amount. |
| Nomination facility |
Available |
| Minimum Amount |
Rs 1000 and later in multiples of Rs 100 thereafter |
| Tenure |
Minimum of 12 months to a maximum period of 120 months. |
| Pre-mature Payment |
There is no penalty for pre-mature payment of deposit up to Rs 5 lacs provided the amount should remain in the bank for a period of at least 12 months. |
| Pre-mature Withdrawal |
Available, although if you withdraw the amount before the time of maturity then interest will be calculated at 1% below the rate applicable for the period of deposit. |
| TDS |
TDS is deducted on the interest payment as per the guidelines of the bank. |
| Documents |
· Passport size photo
· Address Proof
· an introduction as per bank norms |
Terms and Condition
- The interest on your deposit account is credited on a quarterly basis.
- You have to pay a minimum amount of Rs 1000 to open the account and later pay multiples of Rs 100.
- No penalty for pre-mature payment.
- Interest will be calculated 1% below the rate applicable for the period of deposit on pre-mature withdrawal of the deposit balance.
