Fixed Deposit Details
Bank Name
State Bank Of India
Eligibility
Resident individuals singly or jointly, Minor (himself/herself or through his/her Guardian), Karta of HUF, Firm, Company, Local bodies and any Government department
Interest Rate
Up to 7.50% per annum.
Tenure
6 months to 10 years.
Fixed Deposit Type
Regular
Special Term Deposit
Tax Benefits
Credit Ratings
[ICRA]AAA IND AAA
Interest Payment Frequency
At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
- Minimum deposit: Rs. 1,000
- Maximum deposit: No upper limit.
- Interest on the deposit is compounded quarterly and paid to the depositor at the end of the term.
- Loan facility against the deposit is available.
Minimum Investment Amount
1,000
Features & Benefits
Pros
- Higher potential returns.
- Minimum deposit amount of Rs 1,000.
Cons
- No tax saving option.
- The interest amount is paid at the time of maturity only.
Pros & Cons
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
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:59Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
