BANK OF BARODA BOB FAST ACCESS DEPOSIT SCHEME

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An excellent deposit scheme give you the option of 95 % overdraft, with minimum deposit of Rs. 10,000/- this scheme is sure worth an investment.

Important Attributes

-Loan/Overdraft facility up to 95% of the deposit amount right from day one.
-No additional documentation for availing overdraft.
-An additional 0.50% interest for senior citizens.
-Provision for nomination.

BANK OF BARODA BOB FAST ACCESS DEPOSIT SCHEME Features –

-Minimum amount required to open an account – Rs. 10,000/-.
-Subsequent deposits in multiples of Rs. 1000 (under RIRD plan).
- The deposit Tenure for BANK OF BARODA BOB FAST ACCESS DEPOSIT SCHEME is minimum:12 months and maximum:120 months.
-Interest will be compounded quarterly depending upon the maturity period of the deposit.
-There will be no penalty for premature payment will be levied in case of premature payment of deposits up to Rs. 5 Lakhs provided it remained with the Bank for a minimum period of 12 months.
-In case pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.
-Interest payments are subject to TDS (Tax Deducted at Source).
-Opening of a current account is mandatory not all customers approve of this but it is a rule.

Documents required –

-Passport size photograph
-Proof of residence (passport, voters id card etc)
-An Introduction as per bank’s norms
-Pan card is a must.