[nilesh]

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Hi I would like to have information about the double dhamaka deposit scheme of the Bank of Baroda as well as the details of the Interest Rate offered for various time periods under the scheme?

[Vishal Kotkar]

Bank of Baroda, one of India's driving open segment banks, has a noteworthy scope of settled store items on offer. Their FD plans highlight short, medium and long haul tenors at appealing loan costs. In any case, these rates are liable to change as indicated by economic situations and banks liquidity necessities. Observing these progressions can be troublesome particularly on account of numerous possessions.

Baroda Double Dhamaka Fixed Deposit

Item Specification

This is a Term Deposit Product wherein Depositor gets more than twofold of his underlying store sum.

Region of operation

The item should be accessible at all CBS branches.

Qualification and Target Group

A person in his own particular name.

Together by more than one people.

Minor of age 10 or more on terms set around the Bank.

Account for the sake of minor with their dad/mother, as guardian.

In the names of Clubs, affiliations, Educational Institutions, Partnerships and business entities and whatever other foundations, which are qualified to open a Term Deposit, account according to Bank rules.

The item is not accessible for NRI Customers

Least Deposit Amount

Rs 5,000/ - ( and promote in various of Rs. 1000/ - )

Development Value

On Due date Rs. 1000/ - might collect into around. Rs. 2001/ -

Most extreme Deposit Amount

Not as much as Rs. 1.00 Crore

Interest Rate on Term Deposits & NRO Deposits (w.e.f. 19.11.16)
Tenors Below Rs 1 Cr.
7 days to 14 days 4.50%
15 days to 45 days 4.50%
46 days to 90 days 6.50%
91 days to 180 days 6.50%
181 days to 270 days 6.75%
271 days & above and less than 1 year 7.00%
1 year 7.00%
Above 1 year and upto 2 Years 7.00%
Above 2 Years and upto 3 Years 6.85%
Above 3 Years and upto 5 Years 6.50%
Above 5 Years and upto 10 Years 6.50%

Interest Rate on Term Deposits & NRO Deposits (w.e.f. 08.03.2017)
Tenors Rs 1 Cr to Rs 10 Cr.
7 days to 14 days 4.00
15 days to 45 days 4.00
46 days to 90 days 4.25
91 days to 180 days 4.75
181 days to 270 days 4.75
271 days & above and less than 1 year 4.75
1 year 5.00
Above 1 year and upto 2 Years 5.00
Above 2 Years and upto 3 Years 5.00
Above 3 Years and upto 5 Years 5.00
Above 5 Years and upto 10 Years 5.00