BANK OF BARODA BOB SUVIDHA FIXED DEPOSIT SCHEME TERM DEPOSIT

For Interest Rates click here

Useful Attributes
-A highly flexible product, which works to your needs, always.
-Offers dual advantage of attractive rate of interest as well as flexible withdrawal limit.
-Provision for nomination.
-Part of the amount can be prepaid, minimum-1-unit and the balance deposit after withdrawal will continue to earn stipulated interest.
-A deposit product that keeps your money safe, ensures good returns and provides you with a choice to withdraw as per your needs.
-An additional 0.50% interest for senior citizens (applicable only for deposits of Rs. 10000/- and above).
-Unlike a fixed deposit, where the money is locked up for long periods of time, BoB Suvidha Fixed Deposit Scheme is a flexible fixed deposit option.
-Avail loans of up to 95% of the fixed deposit value (Principal amount + accrued interest credited to the account).

BANK OF BARODA BOB SUVIDHA FIXED DEPOSIT SCHEME TERM DEPOSIT FEATURES –
-Minimum amount required to open an account – Rs. 5000/- (deemed as 5 units of Rs. 1000/- each).
-Subsequent deposits in multiples of Rs.1000/-.
-The deposit tenure for suvidha fixed deposit scheme is minimum 12 months and maximum 60 months.
-Interest accrued will be compounded quarterly & credited to your account half yearly.
-There is no penalty for premature payment of deposits up to Rs. 5 Lakhs provided the deposit remained with the Bank for a minimum period of 12 months.
-On 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).

Documents required –
-Passport size photograph
-Proof of residence(passport, voters id card etc)
-Pan Card
-An Introduction as per bank’s norms