Regular Income Plan

Secure Your Money
And Watch It Grow Too.

Baroda Fixed Deposit Accounts

Regular Income Plan

Your deposits bring regular income i.e. Monthly / Quarterly / Half Yearly / Yearly and supplement your earnings.

  • This plan does not demand any extra formalities, as concerns overdrafts and withdrawals, hence enabling you to withdraw as much as 95% of the deposit amount.
  • Provides you the comfort of liquidity along with a security of your money being in safe hands.
  • An additional 0.50% interest for senior citizens (applicable only for deposits of Rs. 10000/- and above).
  • Provision for nomination.
  • Deposit account can be opened with minimum amount of Rs. 1,000/- and subsequent deposits in multiples of Rs.100/-.
  • Minimum period of deposit is 12 months, extending to a maximum of 120 months.
  • Interest on your deposit credited on quarterly basis.
  • 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

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