Bank of Baroda Maha Utsav Fixed Deposit Scheme

For people with different preferences, Bank of Baroda is offering the customers with a variety of fixed deposit schemes where every product is different from one another. This scheme was specially launched for the festive season of 2010 and is still offering attractive returns with various tenures.

Bank of Baroda Maha Utsav Fixed Deposit Scheme Eligibility Criteria:
  1. Every individual along with the Hindu Undivided Family members are eligible.
  2. The depositor must invest with the required minimum amount.
Bank of Baroda Maha Utsav Fixed Deposit Scheme Features:

Period

Minimum: 365 Days

Maximum: 5 Years

Rate of interest

Minimum: 4.50%

Maximum: 7.50%

Bank of Baroda Maha Utsav Fixed Deposit Scheme Applicable Rate of Interest:

For the deposits under Rs.1 Crore, Bank of Baroda Maha Utsav Fixed Deposit Scheme provides with the different rate of interest;

One Week to Two Weeks

4.50%

15 Days to 45 Days

4.50%

46 Days to Three Months

6.50%

91 Days to Six Months

6.75%

181 Days to Nine Months

7.30%

271 Days to less than 365 Years

7.50%

365 Days and above up to 730 Days

7.75%

Above 2 Years and up to 3 Years

7.75%

Above 3 Years and up to 5 Years

7.75%

However, the interest rates offered by the bank are subject to change without giving any prior notification on a timely basis. It will all depend on the bank’s liquidity requirements and market conditions.

FAQs:

  1. What is maximum and minimum tenure for a fixed deposit account?

Under the Bank of Baroda Maha Utsav Fixed Deposit Scheme;

The minimum holding period is 365 Days.

The maximum holding period is five years.

  1. Can the applicant apply for the term deposit account online?

The application form can be availed online from the bank’s official website.

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