[Kavita]

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I want to apply for Term Deposits in Bank of Baroda so can you please provide me the details of the Term Deposits?

[Vishal Kotkar]

Bank of Baroda provides Term Deposits facility to their customers.Your money remains safe and secure with an option of easy liquidity.

Term Deposits

Loan/Overdraft facility up to 95% of the deposit amount additional to the accrued interest thereon (nature of requirement will not be a factor for withdrawal).

For such loans interest shall be charged 1.50% to 1.75% (Depending on amount of loan) over the deposit rate with monthly rest in case of depositor -borrower and in case of others the rate of interest will be a little higher depending upon loan amount.Interest rate on Loan against deposits of Senior Citizens shall be charged at 1.25% over deposit rate.

No processing fees will be charged for Loans and Advances against bank deposits.

The Govt. of India accepts the money deposited in this plan as a security.

Deposits can be accepted as the margin money for non-fund based facilities.

Provision for nomination

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.

Documents required:

Passport size photograph
Proof of residence
An introduction as per Bank's norms

Interest Rate on Term Deposits (w.e.f. 25.04.17)

Tenors Below Rs 1 Cr.

7 days to 14 days 4.50%

15 days to 45 days 4.50%

46 days to 90 days 5.75%

91 days to 180 days 6.25%

181 days to 270 days 6.50%

271 days & above and less than 1 year 6.50%

1 year 6.90%

Above 1 year and upto 2 Years 6.90%

Above 2 Years and upto 3 Years 6.90%

Above 3 Years and upto 5 Years 6.75%

Above 5 Years and upto 10 Years 6.50%

Customer service: 1800 102 4455