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June 29th, 2016, 06:31 PM
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Join Date: Mar 2013
Bank of Baroda Rd

Hello friend what are the terms and conditions of Bank of Baroda for recurring deposits and provide other related info?

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

Last edited by Neelurk; May 2nd, 2020 at 12:07 PM.
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