Recurring Deposit

Small Savings Today for
Bigger Happiness Tomorrow

Baroda Recurring Deposits Account

Recurring Deposit

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.

  • Regularises savings by encouraging a saving habit.
  • Loan/Overdraft facility up to 95% of the deposit amount.
  • Provision for nomination.
    • 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

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