BANK OF BARODA BOB TERM DEPOSIT

For Interest Rates click here

Important Attribtes

-Loan/Overdraft facility up to 95% of the deposit amount additional to the accrued interest thereon (nature of requirement will not be a factor for withdrawal).
-For such loans interest shall be charged 1.50% to 1.75% (Depending on amount of loan) over the deposit rate with monthly rest in case of depositor -borrower and in case of others the rate of interest will be a little higher depending upon loan amount.Interest rate on Loan against deposits of Senior Citizens shall be charged at 1.25% over deposit rate.
-No processing fees will be charged for Loans and Advances against bank deposits.
-The Govt. of India accepts the money deposited in this plan as a security.
-Deposits can be accepted as the margin money for non-fund based facilities.
-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.
-On pre-matured withdrawal of your deposits, interest will be calculated at 1% below the rate applicable for the period of deposits.
-Facility for auto renewal of your deposit, in case such instructions haven’t been received for the same. This ensures that you don’t lose out on interest.
-Provision for nomination

BANK OF BARODA BOB TERM DEPOSIT

-Minimum amount required to open an account – Rs. 1,000/-.
-Subsequent deposits in multiples of Rs. 100.
-Deposit Tenure:
Minimum – 12 months.
Maximum – 120 months.
-Interest is paid on half yearly basis.
-Interest payments are subject to TDS (Tax Deducted at Source).
-Senior citizens can avail of an additional interest rate of 0.50% irrespective of the amount of deposit.

Documents needed –
-Passport size photograph
-Proof of residence
-An introduction as per Bank’s norms
-Pan Card