If you want to get guaranteed returns on your savings, Bank of Baroda has come up with a Fast Access Deposit Scheme where you can invest for a particular tenure. With the likes of higher returns, security, and liquidity, this scheme proves to one of the best investment options you can avail.
For opening the Bank of Baroda Fast Access Deposit Account, you are required to deposit a minimum of Rs. 10,000/- although, you have an obligation to have a running account with the bank for the scheme benefits.
Maximum: Succeeding deposits can be done in multiples of Rs.1000/-
|Rate of Interest||
Applicable for all Bank of Baroda term deposits:-
|Period||Minimum of One Week Maximum of up to 120 Months|
|TDS||On the deposit where the amount is received as the interest payment, TDS is deducted.|
|Loan against Bank of Baroda Fast Access Deposit Scheme||Bank of Baroda Fast Access Deposit Scheme provides with the facility of loan against the bank.|
|Nomination (if any)||Nomination facility is available|
On a quarterly basis, the rate of interest is calculated at a compounded rate under the Bank of Baroda Fast Access Deposit Scheme. Moreover, the senior citizens enjoy an additional 0.5% interest rates provided by the bank.