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 7.95%.
Tenure
399 days.
Fixed Deposit Type
Regular
Monsoon Dhamaka Plus
Tax Benefits
No
Credit Ratings
[ICRA]AAA, IND AAA
Interest Payment Frequency
Monthly, Quarterly, Recurring
Cummulative/Non-Cummulative
Both
Features
This scheme is available for a specific tenure of 399 days.
This scheme is available in Retail Term Deposits Schemes i.e. less than Rs. 3.00 Crores only.
A preferential rate is applicable for senior citizens.
Minimum Investment Amount
Not specified by the bank.
Fees and Charges
Pros
Good interest rate.
Cons
No tax saving.
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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