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  #2  
1st September 2015, 11:58 AM
Super Moderator
 
Join Date: May 2012
Re: Bank of Baroda 1 Year Fixed Rate Bond

Bank of Baroda MAX 1 Year Fixed Rate Bond details are as given below;

Bank of Baroda MAX 1 Year Fixed Rate Bond


Gross Interest Rate 2.10%
AER 2.10%

Method of opening account Internet
Minimum age of account holder 18
Minimum deposit £500
Maximum deposit £200,000

Baroda MAX - Key Points


1. Rate is fixed for the term of the deposit.
2. Interest paid on maturity.
3. Save from £500 up to £200,000.
4. Open multiple bonds have up to 4 applicants per bond permitted.
5. No withdrawals or early closures.
6. Auto-renew or reinvest or withdraw funds on maturity.
7. View balances online.
8. Dedicated UK-based phone support team.
9. Save option is available to complete application in stages.
10.Net Interest is paid unless declaration ( R85 ) for receiving gross

MAX service

Call 0207 457 1500 for any assistance
(Mon – Fri: 9am to 5pm)
  #3  
21st November 2015, 04:52 PM
Unregistered
Guest
 
Re: Bank of Baroda 1 Year Fixed Rate Bond

I would like to know Bank of Baroda’s Term deposits which are for minimum kept for 1 year as I would like t invest?
  #4  
21st November 2015, 04:59 PM
Super Moderator
 
Join Date: Aug 2012
Re: Bank of Baroda 1 Year Fixed Rate Bond

Please find the Bank of aBaroda’s Term deposit schemes as under:

I. Term Deposits

Terms & Conditions

Minimum quantity of amount required to open an deposit account - Rs. 1,000/-.

Subsequent deposits in multiples of Rs. 100.

Deposit Tenure of the Deposit:

Minimum - 12 months.
Maximum - 120 months.

Interest is reimbursed on half yearly basis.

Rate of interest is decided by the maturity period.

Please find the rate of Interest chart attached in the below image




Interest payments are subject to TDS (Tax Deducted at Source).

Senior citizens can avail of an additional interest rate of 0.50% irrespective of the amount of deposit.

Documents required:

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


II. Term Deposits (Over 12 months)

This investment is ideal for long term investments. Secure money that earns good quality returns and can be easily liquidated.

Key Benefits of the Deposit


This product gives answer to two very basic requirements of a deposit keeper:

Easy liquidity even with a long term period.

Increasing interest in proportion to the increasing term of deposit.


More Benefits

Avail of Overdraft / loan against deposit up to 95% of the deposit amount (plus accrued interest) without the hassles of a guarantor or processing fee or, filling of any forms etc.

Interest will be charged at 1.50 % over the deposit rate with monthly rests in case of depositor being the borrower and higher in case your friends wants to avail of the loan.

No processing fee is charged on loans and advances taken aligned with Bank's Deposits.

For deposits up to Rs. 5 Lakhs, no interest will be levied for premature withdrawal, provided it has remained with bank for a minimum period of 12 months.

Automatic renewal of deposit on maturity, thereby avoiding interest loss in the absence of instructions from you.

The Government accepts this deposit as a Security.

Accepted as margin money for Non-fund based facilities.

Provision for nomination.

Terms & Conditions

Minimum deposit required is Rs. 1000/- followed by regular deposits in multiples of Rs. 100/-.

Deposit Tenure:

Minimum period of deposit - 12 months.
Maximum period of deposit - 120 months.

Compound interest is calculated quarterly and can be paid on a monthly (discounted value of the interest amount is payable), quarterly, half-yearly basis or on maturity.

Rate of interest depends on maturity period.

Interest payments are subject to TDS (Tax Deducted at Source).

Deposit of Rs.10000/- are subject to TDS.

An additional interest of .5% is paid to the senior citizens for their deposits above Rs. 10000/-.


Documents required:

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

Address:

Corporate Centre
Bank of Baroda
Baroda Corporate Centre,
Plot No - C-26, G - Block, Bandra - Kurla Complex,
Bandra (East), Mumbai-400051

Phone 022) 6698 5000- 04
Fax 022) 2652 3500


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