• Minimum deposit amount of Rs.1000/-
  
  
• Minimum period of deposits - 7 days
  
  
• Maximum - less than 12 months.
  ( period of 7 days to 14 days - applicable for deposits of Rs. 15 lacs and above)
  
  
• For opening of the account - two passport size photographs, documents relating to proof of residence, and introduction from a person known to the Bank ( bank's customer/ existing account holder) are required.

• Rate of interest depends on maturity period.
  
  
• Interest is compounded with quarterly rests.
  
  
• An additional interest @ 0.50% for Senior Citizens against their deposits of Rs. 10,000/- and above.
  
  
• Interest payment is subject to Tax Deducted at source(TDS) as per prevailing Income Tax ACT.
  
  
• At present Interest income from bank deposits is exempted from tax upto Rs.9,000/- per year under Section 80L of the Income Tax Act.
  
  
• However, tax is deducted at source (TDS) on deposits that earn more than Rs.5000/- per year.

To know the current interest rates Click here.

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



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> 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