More Benefits
- Part of the amount can be prepaid, minimum-1-unit and the balance deposit after withdrawal will continue to earn stipulated interest.
- A deposit product that keeps your money safe, ensures good returns and provides you with a choice to withdraw as per your needs.
- An additional 0.50% interest for senior citizens (applicable only for deposits of Rs. 10000/- and above).
- Unlike a fixed deposit, where the money is locked up for long periods of time, BoB Flexible Fixed Deposit Scheme is a flexible fixed deposit option.
- Avail loans of up to 95% of the fixed deposit value (Principal amount + accrued interest credited to the account). Rate of interest @ 1% over the deposit rate shall be charged.
Terms & Conditions
- Minimum amount required to open an account - Rs. 5000/- (deemed as 5 units of Rs. 1000/- each).
- Subsequent deposits in multiples of Rs.1000/-.
- Deposit Tenure:
- Minimum - 12 months
- Maximum - 60 months.
- Interest will be compounded quarterly & credited to your account half yearly.
- No penalty for premature payment will be levied in case of premature payment of deposits up to Rs. 5 Lakhs provided it remained with the Bank for a minimum period of 12 months.
- On pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.
- Interest payments are subject to TDS (Tax Deducted at Source).
- 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.
> New Deposit Scheme
> Short Deposits
> Fast Access Deposit Scheme
> BoB Flexible Fixed Deposit Scheme
> Regular Income Plan
> Monthly Income Plan
> Regular Income Cum Recurring Deposit
> Capital Gain Account Scheme, 1988
> Term Deposits
> General Scheme
> Baroda Flexible Recurring Deposit Account
