Baroda Samriddhi Half-Yearly Recurring Deposit saving plan attributes half-yearly installments that help an individual to manage their savings and gain its benefits every now and then. It is also available up to 95% of the deposit amount made by way of loan and overdraft.
Features
Benefits | Bank of Baroda Recurring Deposit helps you to regularize your savings under Baroda Samiriddhi Half-Yearly Recurring Deposit scheme. |
Overdraft/Loan Facility | Available, up to 95% of the deposit amount |
Nominatiuon Facility | Available |
Minimum Amount | Minimum deposit amount to open an account is Rs 1000 and in multiples of Rs 100 afterward. |
Tenure | Minimum 36 months to maximum 120 months. |
Premature 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 premature withdrawal of the deposit balance.
- Minimum deposit amount to open an account is Rs 1000 and in multiples of Rs 100 afterward.