Bank Of Baroda Fixed Deposit Interest Rate
The fd rates in Bank of Baroda is at a minimum of 2.90% per annum, while this rate goes up to 5.30% per annum. As for the fixed deposit in Bank of Baroda, it can go above Rs.10 crores to Rs.25 crores for domestic investors. Features of Bank of Baroda Fixed Deposit Investment Amount Minimum - Rs. 15,01,000 Maximum- Rs.
- BANK OF BARODA FD calculator online - Calculate BANK OF BARODA FD Interest rate using BANK OF BARODA Fixed Deposit calculator 2021. Check BANK OF BARODA FD rate of interest and calculate FD final amount via BANK OF BARODA FD Calculator on The Economic Times.
- Bank of Baroda have fixed deposit accounts for deposits under 12 months, over 12 months and recurring deposits. Fixed deposit products available for terms over 12 months include: term deposits, Baroda Maha Utsav Deposit Scheme, Fast Access Deposit Scheme and the Baroda Tax Savings Term Deposit.
BOB Deposits – Great Rates, Convenient and Flexible
Fixed deposit accounts are an excellent means to grow your money over a period of time. Interest rates on fixed deposit schemes are generally higher than the interest on savings accounts. If you invest in fixed deposits, you can get higher returns for the same amount of money in a savings account in the same period of time.
Bank of Baroda offers several fixed deposit schemes to choose from, depending on your chosen preferred term period (short-term or long-term). This range of choices makes fixed deposits a convenient option for a range of investors, from salaried employees to self-employed professionals to senior citizens.
As low-risk instruments, fixed deposit investments offer both, security and competitive interest rates on your principal amount.
For Present rate offered, please visit our Interest rate page.
Most Important Terms & Conditions:
Eligibility
All Individuals and Non-individuals
Amount of Deposit
- Minimum
- SCR 1000.00 and in multiples of SCR 100/-
- Maximum
- No upper limit
Tenure of Deposit
Minimum : 6 Months
Maximum : 120 Months
Rate of interest
As per the maturity period of the deposit
Payment of Interest
Interest will be paid half-yearly.
Premature Closure
Premature closure charges would apply as per Bank’s guidelines if the deposit is withdrawn before the maturity date.
Availability of Loan/ Overdraft
Overdraft / Loan against deposit provided on demand upto 90 % of the outstanding balance in the account as on date of loan. Interest will be charged as per Bank’s extant guidelines from time to time
Others
Accepted as security by Government departments
Accepted as margin for non-fund based activities
- Withholding Tax: Withholding Tax will be deducted as per Seychelles Revenue Commission guidelines.
- Overdue Deposit: If renewal request is received after date of maturity, such overdue deposits will be renewed with effect from date of maturity at interest rate applicable as on due date provided such request is received within 14 days of maturity of deposit, after which interest for overdue period will be paid at the rate decided by Bank from time to time.
- Advance against Deposits: This facility is not available to Minor account in single name . If the interest is not deposited for more than 2 quarters, term deposit will be apportioned immediately.
- Interest Certificate available at request of customer
- Deposit Certificate – Term Deposit Receipt is provided
- Mode of Payment: Maturity proceeds are credited SB/ CA account of the customer. In cases where there are no operative accounts of the customer, maturity proceeds can be given in cash below SCR 20,000 above which DD/ Pay Order will be issued.
Bulk Deposits (More than SCR 1 Million)
- Bulk deposits can be opened under any of the above mentioned schemes under retail time deposits.
- Bank reserves the right to accept the deposits above SCR 10 Million.
- Rate of interest for Bulk deposits is different from retail time deposits.For interest rate on bulk deposit, please contact the branch.
- Bank reserves the right to accept request for premature payment as the same is agreed at the time of account opening by the customer. On acceptance of premature payment request, the penal clause will be same as in schemes under retail time deposits.
You can see below links also
- Current Interest Rates
- Fees and Charges
- Minimum
Services
Bank of Baroda (Botswana) Ltd offers various deposit plans that you can choose from depending on the term period, nature of deposit and its unique saving and withdrawal features.
Apart from competitive interest rates and convenient withdrawal options, our deposit plans offer other features such as cheque book facility in all current accounts and Saving products, sweep in and sweep out from current to call and vice versa , accounts of individuals etc.
Select from following products:
Fixed Deposit AccountThis product is available for the deposit holders to keep fixed sum of money for a definite period of time at a fixed rate of interest
- Eligibility:
Individuals, business firms, company, association, society etc. - Deposit amount:
Minimum P500
Maximum No Limit - Period :
Minimum 1 month
Maximum 36 month - Rate of interest:
As applicable in deposit rates for one month and other periodic slots from time to time. - Prepayment facility is available. Rate of interest on prepayment will be 1%less than the applicable rate for the terms of deposit remained with the bank
- Overdraft/ loan facility Interest rate
Available
– Up to 90% of the deposit amount
– 2% over the deposit rate of interest applicable - Special features:
1. Deposit can be renewed with interest on due date.
2. The principal amount of deposit can be renewed and interest is paid separately to the customer
3. The principal amount and interest due thereon will be paid to the customer on due date.
4. Special rates for deposits of P0.5 mn and above.
5. No cash deposit fee - Other terms and conditions:
If the entire amount is withdrawn within one month from the date of deposit, no interest will be payable on deposit. However, if the deposit remains for a period exceeding one month prepayment may be considered with interest @1% below the rate applicable for the period for which the deposit has remained with the Bank.
Bank Of Baroda Fixed Deposit Interest Rates For Senior Citizens
Current AccountCurrent Deposit product is ideal for firm, companies, institutions, HUF, individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.
- Eligibility:
Individual business firm, company, associations, society etc. - Deposit amount:
Minimum P3000
Maximum No Limit - Interest:
No interest is payable in the A/C - Cheque Book Facility:
Available - Overdraft/ loan facility:
Overdraft facility available by arrangement - Special features:
1. Any number of debits and credits are allowed in the account
2. Debits in the account will be allowed without service fees which are related to business or personal loans availed from the Bank and also transfer of funds from one account to another account maintained within Bank of Baroda (Botswana) ltd of the same customer or any other customer. - Sweep in Sweep out facilities:
If the entire amount is withdrawn within one month from the date of deposit, no interest will be payable on deposit. However, if the deposit remains for a period exceeding one month prepayment may be considered with interest @1% below the rate applicable for the period for which the deposit has remained with the Bank. - Service Charges:
As declared by the Bank from time to time
Call AccountThis product is designed for the deposit holders to enable them to deposit funds earn interest, maintain liquidity withdrawal fund as and when needed
- Eligibility:
Individuals, business firms, company, corporate, association, society etc. - Deposit amount:
Minimum P1000
Maximum No Limit - Period:
No minimum or maximum period is stipulated - Rate of interest Rests:
Interest is paid on the outstanding balance in the account on daily basis and is paid on monthly intervals. However, balance less than P1000 does not attract interest - Special features:
1. The customer can deposit money at any time.
2. Withdrawals can be made in multiples of P 1000.
3. No interest is payable if the balance in the account goes below P 1000 at the end of any day during the month.
4. Special rates for deposit amount P0.50 mn and above.
Bank Of Baroda Fixed Deposit Interest Rates
CONTACTPrivilege CurrentA unique deposit product for business customers specially tailor made looking to customer’s requirements with added advantages. Customers having Privilege Current account save a lot on various charges and also earn interest.
Bank Of Baroda Mclr
- Key benefits:
1. Free statement of account twice in a month.
2. Free signature verification once in three months.
3. Nil folio charges.
4. Free transfer of funds from one account to another account of same branch or other branch within Bank of Baroda (Botswana) Ltd & concession in transfer of salary payment.
5. Free transfer of funds through EFT/RTGS from other banks in Botswana.
6. Free/Concession in cash transaction charges.
7. Sweep in/Sweep out facility available from Current to Call account and vice versa.
8. Free net banking facility.
9. Standing instructions facility available - Eligibility:
Above account can be opened by any individual, firms, companies, trusts, associations, Clubs, societies. - Concession in Cash transaction charges:
1. If minimum balance is maintained BWP 50,000 & above: 50% concession of applicable rate on both for Cash deposit and Cash payment.
2. If minimum balance is maintained BWP 100,000 & above: 100% concession on cash transaction charges both for cash deposit and cash payment. - Sweep in/Sweep out facility:
Sweep in/Sweep out facility is available on balance above BWP 50,000 or BWP 100,000 as per customers requests depending on whether he wishes to avail 50% concession or 100% concession in Cash transaction charges. Customer will earn interest as applicable for Call account. Present rate of interest in Call account is 4.0%p.a. - Other Charges:
Other charges remain as per tariff for normal Current account.