BOB Suvidha Fixed Deposit Scheme

Secure Your Money
And Watch It Grow Too.

Baroda Fixed Deposit Accounts

BOB Suvidha Fixed Deposit Scheme

A product offering a combination of competitive interests as well as easy liquidity. A convenient way of utilising your deposits giving you the best of both, long-term as well as short-term deposit plans.

  • A highly flexible product, which works to your needs, always.
  • Offers dual advantage of attractive rate of interest as well as flexible withdrawal limit.
  • Provision for nomination.
  • Part of the amount can be prepaid, minimum-1-unit and the balance deposit after withdrawal will continue to earn stipulated interest.
  • A deposit product that keeps your money safe, ensures good returns and provides you with a choice to withdraw as per your needs.
  • An additional 0.50% interest for senior citizens (applicable only for deposits of Rs. 10000/- and above).
  • Unlike a fixed deposit, where the money is locked up for long periods of time, BoB Suvidha Fixed Deposit Scheme is a flexible fixed deposit option.
  • Avail loans of up to 95% of the fixed deposit value (Principal amount + accrued interest credited to the account).
  • Minimum amount required to open an account - Rs. 5000/- (deemed as 5 units of Rs. 1000/- each).
  • Subsequent deposits in multiples of Rs.1000/-.
  • Deposit Tenure:
    • Minimum - 12 months.
    • Maximum - 60 months.
  • Interest will be compounded quarterly & credited to your account half yearly.
  • 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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