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Recurring Deposits

A basic saving plan, which helps you regulate your savings and reap its benefits from time to time. Also avail up to 95% of the deposit amount by way of loan/overdraft.

Key Benefits

  • Regularises savings by encouraging a saving habit.

  • Loan/Overdraft facility up to 95% of the deposit amount.

  • Provision for nomination.

Terms & Conditions

  • Minimum amount required to open an account - Rs. 50/- (rural and semi-urban) and Rs. 100/- (Urban and Metro).

  • Subsequent deposits in multiples of - Rs. 50/- (rural and semi-urban) and Rs. 100/- (Urban and Metro).

  • Deposit Tenure:

    • Minimum - 6 months.
    • Maximum - 120 months.

  • Interest will be compounded quarterly and paid on maturity.(Click here for current interest rates).

  • On pre-matured withdrawal of your deposit amount, interest will be calculated at 1% below the rate applicable for the period of deposits.

  • Documents required:

    • Passport size photograph
    • Proof of residence
    • An introduction as per Bank's norms

For more information on Recurring Deposit Scheme, contact our nearest Bank of Baroda Branch.

> Short Deposits > Baroda Utsav Deposit Scheme > Fast Access Deposit Scheme
> BoB Suvidha Fixed Deposit Scheme > Regular Income Plan > Monthly Income Plan
> Regular Income Cum Recurring Deposit > Capital Gain Account Scheme, 1988
> Term Deposits > Recurring Deposit > Yatha Shakthi Jama Yojana

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