• Bank of Baroda Flexi Deposit

    The Bank of Baroda Flexi offers you the flexibility to deposit a variable monthly deposit. You can earn high returns on these deposits. You can open a Baroda Flexi for a period that ranges from 1 year to 5 years. The amount you deposit can be between £100 and £10,000 in one calendar month.

    Features of the Bank of Baroda Flexi Deposit

    • You have the flexibility to deposit any amount you want from £100 to £10,000 in one calendar month.
    • Please note that this is subject to a ceiling of 10 times of your initial amount that is committed when you open the account.
    • The initial minimum deposit you can make can be £100.
    • Your flexible deposit period is from 1 to 5 years.
    • Please note that you can make deposits during one month. This is subject to a ceiling of £10,000.
    • There is penalty for a non-deposit in any month.
    • There is also an auto renewal facility and this is at no extra charge.
    • Your interest earned will be paid on a daily product basis. This will be credited to your Flexi account on the 1 June and 1 December.
    • You have the flexibility to deposit your instalments at any of the UK branches and remit via BACS/CHAPS
    • There is a facility of loans/overdraft up to 90% of the balance of your deposit.
    • You can set a standing instruction ‘free of charge’ for the fixed amount payable. This can be on a monthly basis from any operative account.
    • You can also setup a standing instruction with your existing bank and transfer the fixed amounts every month to credit your Baroda Flexi account.

    Exchange Rates

    Currency Rate Amount
    GBP/INR 102.40 Up to £1,000
    GBP/INR 102.75 £1,001 - £5,000
    GBP/INR 102.85 £5,001 - £15,000
    USD/INR 73.80 Up to $10,000
    Period Amount GBP 500 and above up to GBP 1,000,000 (Interest rates gross/p.a.) AER/Gross
    6 months to less than 12 months 0.20% 0.20%
    12 Months 0.40% 0.40%
    Above 12 months to less than 24 months 0.40% 0.40%
    24 months to less than 36 months 0.50% 0.50%
    36 months to less than 48 months 0.55% 0.55%
    48 months to less than 60 months 0.60% 0.59%
    60 months 0.65% 0.64%

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