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Old June 29th, 2016, 07:01 PM
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Default Bank of Baroda Rd

Hello friend what are the terms and conditions of Bank of Baroda for recurring deposits and provide other related info?
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Old June 29th, 2016, 07:11 PM
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Default Re: Bank of Baroda Rd

Bank of Baroda is an Indian state-owned banking and financial services company founded in 20 July 1908 by Maharaja H. H. Sir Sayajirao Gaekwad .

Terms and Conditions
Minimum amount required to open an account - Rs. 50/- (rural and semi-urban) and Rs. 100/-
Subsequent deposits in multiples of - Rs. 50/- (rural and semi-urban) and Rs. 100/-
Interest will be compounded quarterly and paid on maturity

Deposit Tenure
Minimum
6 months

Maximum
120 months

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

Benefits
Regularises savings by encouraging a saving habit
Overdraft facility up to 95% of the deposit amount
Provision for nomination
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