BOB Suvidha Fixed Deposit Scheme offers easy liquidity along with competitive rates to its customers. The customers can choose the tenures that best suit them although; it is ideal for both short and long term investment objectives. With a flexible withdrawal limit, the scheme offers financial security to the customers.
|Amount||Minimum: Rs.5,000/- Subsequent deposits in multiples of Rs.1,000/-.||
The depositor has to request the bank for the deposits above Rs.10 crore.
|Rate of Interest||Minimum: 6.75%||Maximum: 6.75%|
|Period/Tenure||Minimum: 1 Year||Maximum: 5 Years|
|TDS||Under the rules set by the Income Tax Department, TDS is applicable.|
|Loan against ICICI Money Multiplier Plan||The depositor can avail 95% of his/her deposit value as loan.|
|Auto Renewal||Yes, unless otherwise mentioned|
The rate of interest under this scheme is calculated on a three-month basis and is credited to the depositor’s account in every six months.
|Tenure||Deposits below Rs.1 crore||Rs.1 crore to Rs.10 crores||Rs.10 crores to Rs.50 crores||Above Rs.50 crores|
|Above 365 Days and up to 3 Years||7.75%||6.75%||6.75%|
|Above 3 Years and up to 60 Months||7.75%||6.75%||6.75%|
Moreover, under this scheme, people aged above 60 years can avail the benefit of an additional 0.5% interest on their deposits. The minimum amount of Rs. 10,000/- is required.
Kindly Note: As the rates provided by the bank are linked with its base rates, and therefore, it can be varied on a timely basis.