Terms & Conditions

• Minimum deposit required would be Rs.1000/-, which has to be made for a minimum of 7 days, and can then be extended to a maximum of 12 months.
  
  
• The minimum deposit acceptable for small periods such as 7-14 days will be Rs. 15 Lakhs.
  
  
• Compound interest is calculated quarterly and the rate is decided based on the maturity period.
  
  
• An additional interest of .5% is paid to the senior citizens for their deposits above Rs. 10000/-.
  
  
• Interest payments are subject to TDS (Tax Deducted at Source).
  
  
• Income from interest is exempted from income tax up to a limit of Rs. 9000 under the section 80 L. However, deposits that earn over Rs. 5,000/- per year are subject to TDS.
  
  
• Documents required:
  
  
  • Passport size photograph
  • Proof of residence
  • An introduction as per Bank's norms

To know the current interest rates Click here.

For further details, please contact the Bank of Baroda Branch nearest to you.



> Short Term (Under 12 months) > Flexi Deposit Schemes
> Term Deposits (Over 12 months)