Bank of Baroda Recurring Deposit is a fundamental saving plan that helps you function your savings according to your requirements and gain its benefits from time to time.
Features
Benefits | Bank of Baroda Recurring Deposit helps you to regularise your savings. |
Overdraft/Loan Facility | Available, up to 95% of the deposit amount |
Nominatiuon Facility | Available |
Minimum Amount | · A minimum amount of Rs 50 is to be deposited to open this account for rural and semi urban areas. · A minimum amount of Rs 100 is to be deposited to open an account for urban and metro areas. |
Subsequent Deposits | · A subsequent deposit in multiples of Rs 50 is to be made after the payment of the minimum amount for rural and semi urban areas. · A sebsequent deposit of Rs 100 is to be made after the payment of the minimum amount for urban and metro regions. |
Tenure | Minimum 6 months to maximum 120 months. |
Prematured Withdrawal | If you have to make a pre-matured withdrawal of your deposit then interest will be calculated at 1% below the rate applicable for the tenure of deposits. |
Documents Required | · Passport Size Photograph. · Address Proof · An introduction as per the bank norms |
Terms and Conditions
- The interest on your deposit account is credited on a quarterly basis and is paid after the completion of the maturity period.
- Interest will be calculated 1% below the rate applicable for the period of deposit on pre-mature withdrawal of the deposit balance.
- Minimum deposit of Rs 50 for rural and semi-urban regions and Rs 100 for urban and metro regions to open an account and applicable of Rs 50 and Rs 100 afterward respectively.