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BANK OF BARODA REGULAR INCOME CUM RECURRING FIXED TERM DEPOSIT

Important Attributes

-This plan does not demand any extra formalities, as concerns overdrafts and withdrawals, hence enabling you to withdraw as much as 95% of the deposit amount.
-Provides you the comfort of liquidity along with a security of your money being in safe hands.
-An additional 0.50% interest for senior citizens (applicable only for deposits of Rs. 10000/- and above).
-Provision for nomination.

BANK OF BARODA REGULAR INCOME CUM RECURRING FIXED TERM DEPOSIT FEATURES

-Deposit account can be opened with minimum amount of Rs. 1,000/- and subsequent deposits in multiples of Rs.100/-.
-Deposit Tenure is minimum 12 months and maximum 120 months.
-Interest will be compounded quarterly & credited to your account half yearly.
-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.
-Interest payments are subject to TDS (Tax Deducted at Source).

Documents required –

-Passport size photograph
-Proof of residence (passport, voters id card)
-An introduction as per Bank’s norms