Bank of Baroda FD Rates for Senior Citizens

Hello sir I am here as I want to know what is the Fixed Deposit Interest Rates for Senior Citizens on Baroda Double Dhamaka Fixed Deposit Scheme of Bank of Baroda so will you please tell me about this??

[Shaleen]

Baroda Double Dhamaka Fixed Deposit is a Term Deposit Product wherein Depositor gets more than double of his initial deposit amount.
Area of operation
-The product shall be available at all CBS branches.

Eligibility and Target Group
-An individual in his own name.
-Jointly by more than one individuals.
-Minor of age 10 and above on terms laid down by the Bank.
-Account in the name of minor with their father/mother, as guardian.
-In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.
-The product is not available for NRI Customers

Minimum Deposit Amount
-Rs 5,000/- ( and further in multiple of Rs. 1000/-)

Maturity Value
-On Due date Rs. 1000/- shall accumulate into approximately. Rs. 2001/-

Maximum Deposit Amount
-Less than Rs. 1.00 Crore

Tax Deduction at Source
-TDS will be deducted on interest payments as per rules.

Availability of Loan/Overdraft
-Loan / Overdraft facility to be permitted up to 95% of outstanding balance at interest rate 1.5% over interest rate paid on deposit (No processing Charges to be levied on such loan / Overdraft facility)
Interest Rate for Senior Citizens: 8 Years, 11 months and 23 days (107 months and 23 days): 7.80% (On Less than Rs. 1 Cr.)