#1
1st August 2015, 01:11 PM
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RD in Bank of Baroda
What are the terms & conditions for Recurring Deposits (RD) at Bank of Baroda ? Also tell about the benefits to customer from this deposit?
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#2
3rd August 2015, 10:30 AM
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Re: RD in Bank of Baroda
Recurring Deposits (RD) at Bank of Baroda helps customer to regulate savings and reap its benefits from time to time. Benefits Encouraging a saving habit. Loan/Overdraft facility up to 95% of the deposit amount. Terms & Conditions Minimum amount required to open an account – Rs. 50/- (rural and semi-urban) Rs. 100/- (Urban and Metro). Subsequent deposits in multiples of Rs. 50/- (rural and semi-urban) Rs. 100/- (Urban and Metro). Deposit Tenure: Minimum - 6 months. Maximum - 120 months. Documents required: Passport size photograph Proof of residence An introduction as per Bank's norms Interest Rates on Deposits: |
#3
17th November 2015, 01:49 PM
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Re: RD in Bank of Baroda
Sir I want to know about the Recurring Deposits in Bank of Baroda so can you please give me the details
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#4
17th November 2015, 01:50 PM
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Re: RD in Bank of Baroda
Recurring Deposits is a basic saving plan, which helps you regulate your savings and reap its benefits from time to time. Also avail up to 95% of the deposit amount by way of loan/overdraft. Benefits Loan/Overdraft facility up to 95% of the deposit amount. Regularises savings by encouraging a saving habit. Provision for nomination. Terms & Conditions Minimum amount required to open an account - Rs. 50/- (rural and semi-urban) and Rs. 100/- (Urban and Metro). Subsequent deposits in multiples of - Rs. 50/- (rural and semi-urban) and Rs. 100/- (Urban and Metro). Deposit Time Minimum - 6 months. Maximum - 120 months. Interest will be compounded quarterly and paid on maturity.(Click here for current interest rates). On pre-matured withdrawal of your deposit amount, interest will be calculated at 1% below the rate applicable for the period of deposits. Documents required: Passport size photograph Proof of residence An introduction as per Bank's norms |
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