Bank of Baroda Double Dhamaka Fixed Deposit Scheme

Bank of Baroda is offering the customers with a fixed deposit scheme where it promises a double return on their investments. The fixed deposit schemes guarantee attractive returns on the investments made and all you have to do is find an appropriate tenure with a fixed interest rate and invest. Both the regular citizens and the senior citizens can avail the benefits of Double Dhamaka Fixed Deposit Scheme.

Bank of Baroda Double Dhamaka Fixed Deposit Scheme Eligibility Criteria:

  • Single Account (single individual)
  • Joint Account (two or more individuals)
  • Minors
  • Joint stock companies
  • Educational institutions
  • Clubs, Partnerships, etc
  • Regular citizens as well as senior citizens can invest

Bank of Baroda Double Dhamaka Fixed Deposit Scheme Features:

Account Type

Joint and Single

Amount

Minimum amount: Rs.5,000/-

Maximum amount: Less than Rs.1 crore

Rate of Interest

Maximum: 8.00%

Minimum: 7.50%

Period

Minimum (for senior citizens): 8 Years 9 months and 3 days

Maximum (for regular citizen): 9 Years and 4 months

TDS

Based on the interest amount, TDS will be deducted

Loan against Baroda Double Dhamaka Fixed Deposit Scheme

It is permitted at 1.5% for up to 95% outstanding balance

Nomination (if any)

Nomination facility is available under Double Dhamaka Fixed Deposit Scheme

Auto Renewals

N.A.

Bank of Baroda Double Dhamaka Fixed Deposit Scheme Interest Rates;

Maturity range

Interest rate

For Regular Citizens:

7.50%

For Senior Citizens:

8.00%

Kindly Note: The interest rates provided by the bank are prone to change without giving any prior notification.

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