Bank Of Baroda Fixed Deposit Interest Rate

Posted on7/29/2022by admin

Bank Of Baroda Fixed Deposit Interest Rate Calculator
Bank Of Baroda Fixed Deposit Interest Rates In Uae

Bank of Baroda Fixed Deposit Calculator Bank of Baroda FD Calculator offers the best interest rates upto 6.70% on its fixed deposits. Use FD Calculator of Bank of Baroda to calculate your maturity amount on the basis of current FD interest rates. BOB FD Rates- Bank of Baroda Fixed Deposit Interest Rate for 2019 Bank of Baroda is one of the country’s leading public sector banks which offer a wide range of fixed deposit schemes. The schemes include various types of tenure such as short, medium, and long-term at alluring Bank of Baroda FD interest rates. For one year term deposit, Bank Of Baroda gives an interest rate of 6.45%. Bank of Baroda is offering the highest rate of 6.60% on FDs with a tenure of above 1 year to 400 days. Baroda Fixed Deposit Accounts are ideal for customers who want to earn higher rate of interest, and are able to invest a fixed sum of money for a specified period of time. The period ranges from one month to sixty months at the customer’s option. Bank of Baroda FD Rates 2021 Updated on February 25, 2021, 27538 views. Bank of Baroda (BoB), one of India’s leading public-sector banks in India, offers a wide range of Fixed Deposit products.

Fixed Deposit Account Rules

This option will give user to open fixed deposit online under the various schemes provided in the list.

Click on Invest menu. The Online Fd screen is displayed.

What you see:

Opening of deposit account

All Baroda Connect Retail users having full transaction rights can open Online Fixed Deposit Account.
Schemes offered	Presently, -7- schemes are offered which are given below: Fixed Deposit-Cumulative Interest reinvestment Monthly Interest Payment Quarterly Interest Payment Baroda Tax Saving-Regular Income Regular Deposit Baroda Tax Saving-Monthly Interest Payment Baroda Tax Saving-Quarterly Interest payment Short Deposit (7 days to less than 12 months)
Period and minimum amount of deposit	Minimum period:- Presently, the minimum period for Online Fixed Deposit is 12 months. Maximum period :- Maximum period for Online Fixed Deposit is 120 months. Minimum amount:- The minimum amount accepted for Online Fixed Deposit is Rs.1,000/- with multiples of Rs.100/-.
Operational instructions	Term deposits are opened in single name (as available in the debit account).
Nomination Facility	Presently not available for joint account holders. Only existing nominee of debit account can be added to the OnlineFD account.
Deposit accounts of minor	Online Fixed Deposit will not be issued in the name of minor. Kindly approach the branch for opening of Deposit account in the name of minor.
Renewal of deposits	Online FD account will not be renewed automatically by the system.
Payment of deposit receipt/s on due date	On due date the maturity proceeds of fixed deposit, will be credited to the operative account from where the deposit was originated.
Prepayment of deposit	Currently not available online. For all pre- payments of Online FD and printing of FDRs, kindly approach your base branch. .
Rules regarding payment of interest on time depositst	Interest will be credited/ paid depending on the period and category of the depositor. Interest is payable, based on the scheme selected by the depositor at the time of opening of Online Fixed Deposit. .
Higher rate of interest to Senior Citizens	An additional rate of interest @ 0.50% on the Term Deposits of senior citizens resident in India who has completed the age of 60 years is paid as per guidelines. In case of Senior Citizen, the date of birth should be recorded with the Bank for availing of additional rate of interest. Kindly approach the branch for necessary modification of date of birth of senior citizen along with necessary proof.
Certificate of interest paid:	At the request of account holder, branches would issue certificate of interest paid on their deposit accounts .
Deduction of income tax at source from payment of interest on time deposits (section 194a of income tax act 1961):	TDS is deducted where total interest exceeds Rs.10,000/- on all time deposits as per Income Tax rules. For further details, kindly approach the branch .
Advances against bank's own deposit receipts	Advances against our Bank’s Online Fixed Deposit are available. Kindly obtain print of FD Receipt from the branch and advances will be made available as per Bank’s existing guidelines from branch. .
Debit Account used for opening Online FD account	Debit account used for opening Online FD account can be SB or CA account only.
Interest Rates	Prevailing rate of interest (Rate on the date of making FDR) will be applicable.
Other terms and condition	All other terms and conditions, as applicable to non-online FDRs- available on our website, will be applicable to these FDRs

Saving Account

Bank of baroda fixed deposit rate of interest

Fixed Deposits

Current Accounts

Baroda Fixed Deposit

Baroda Fixed Deposit Accounts are ideal for customers who want to earn higher rate of interest, and are able to invest a fixed sum of money for a specified period of time. The period ranges from one month to sixty months at the customer’s option. This product offers convenient solutions to working individuals, businesses, companies, associations, societies and senior citizens. These products enable you to enjoy security and competitive rates of interest on your deposits.

Key Features

Fixed deposits are accepted in both NZ dollars and US dollars.
Minimum deposit required of NZ$1000 (if the account is held in NZ dollars) or US$1000 (if the account is held in US dollars).
Minimum period of deposits – One month.
Maximum period of deposits – Sixty months.
The rate of interest depends on the amount of the deposit, the currency and the maturity period.
Interest is paid on maturity. Tax, if applicable, will be deducted as per tax norms.
Overdrafts or loans secured against the deposit (NZD) are offered on demand for up to 90% of deposit amount.
Payment of the deposit prior to the maturity date is permitted, with the Bank’s consent. However, in such cases a lesser rate of interest will be paid (see Fees and Charges below).
Automatic renewal of the deposit.
Facility to view account balance & transactions over Internet.

Fees and Charges