Product Details
Bank Name
Bank of Baroda
Eligibility
An individual in his own name.
Jointly by more than one individuals.
In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.
Interest Rate
Up to 7.60%.
Tenure
360 days
Fixed Deposit Type
Regular
360 Short Term Deposit
Tax Benefits
No
Credit Ratings
[ICRA]AAA
IND AAA
Interest Payment Frequency
Interest will be paid at the time of maturity.
Cummulative/Non-Cummulative
Non Cumulative
Features
This scheme is available for a specific tenure of 360 days.
Minimum deposit amount is Rs 1,000.
Maximum deposit amount is= Rs. 2.00 Crores.
Nomination facility is available
Minimum Investment Amount
Rs 1000.
Fees and Charges
Pros
Minimum deposit of Rs 1000.
Good interest rate.
Cons
No tax savings.
Pros & Cons
Account Opening and Procedure
How to Open?
Application Process:
Visit your nearest Bank of Baroda branch or use their online banking services.
Provide the necessary details, including the deposit amount and preferred tenor.
Complete the required documentation
Application Procedure
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