Bank of Baroda's Fast Access Deposit is a fixed deposit scheme that allows you to invest for a particular tenure and get assured returns on your savings. You can enjoy a host of benefits such as security, liquidity and higher returns on your investments. You can open a Baroda's Fast Access.
Deposit by investing a minimum of Rs. 10,000. Having a current account with Bank of Baroda is mandatory to open this deposit and avail the benefits.
Minimum: Rs. 10,000/-.
Maximum: Succeeding deposits can be done in multiples of Rs. 1000.
|Rate of Interest|
Minimum : 4.50%
( Applicable for all Bank of Baroda term deposits)
Minimum: 7 days.
Maximum: up to 10 years.
|TDS||TDS is applicable on the amount received as interest payment on your deposit.|
|Loan against Bank of Baroda Fast Access Deposit Scheme||Yes. You can take loan against your Bank of Baroda Fast Access Deposit scheme.|
|Nomination (if any)||Nomination facility is available|
The Baroda Fast Access Deposit Scheme calculates interest at compounded rate on quarterly basis based on your age and the deposit tenure. The schemes offers an additional amount of 0.05% for senior citizens.
Yes, the overdraft facility is available under Baroda Fast Access Deposit Scheme. You can get loan up to p 95% of the total deposited amount. This facility is applicable from the day one of opening the deposit.
No. You don’t have to submit any additional documents to avail this facility.
Yes, the Bank of Baroda Fast Access Deposit Scheme offers an additional amount of 0.50% interest for senior citizens.
Yes, nomination facility is available under Bank of Baroda Fast Access Deposit Scheme.
You need to invest a minimum of Rs.10, 000 for opening a Bank of Baroda Fast Access Deposit.
Bank Baroda does not charge any penalty fees, if your deposit amount is Rs. 5 lakhs or above and you have kept this amount with the bank for a minimum period of 12 years.
The following documents are required to open Bank of Baroda Fast Access Deposit scheme:
Useful Information on BOB Fixed Deposit