Terms & Conditions

• Minimum amount required to open an account - Rs. 1,000/-.
  
  
• Subsequent deposits in multiples of Rs. 100.
  
  
• Deposit Tenure:
  
  
  • Minimum - 12 months.
  • Maximum - 120 months.
    
    
• Interest is paid on half yearly basis.
  
  
• Rate of interest is decided by the maturity period (click here for current interest rates).
  
  
• Interest payments are subject to TDS (Tax Deducted at Source). At present interest income from bank deposit is exempted from tax up to Rs. 12000/- per year under section 80L of Income Tax Act. However, tax is deducted at source on deposits that earn more than Rs. 5000/- per year.
  
  
• Senior citizens can avail of an additional interest rate of 1% irrespective of the amount of deposit w.e.f. 01-03-2004.
  
  
• Documents required:
  
  
  • Passport size photograph
  • Proof of residence
  • An introduction as per Bank's norms

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