Baroda Maha Utsav Fixed Deposit Scheme
Bank of Baroda offers different kinds of fixed deposit schemes, each completely different from the other. Baroda Maha Utsav Deposit scheme is a term deposit scheme launched by the bank specially for the festive season in 2010. The scheme deposit comes for different tenures at a very attractive rate of interest.
Eligibility criteria for Baroda Maha Utsav Deposit Scheme
Listed below is the eligibility criteria for Baroda Maha Utsav Fixed Deposit scheme.
- All individuals and Hindu Undivided Family individuals
- Should be able to make minimum deposit
Features of Baroda Maha Utsav Fixed Deposit Scheme
Listed below are the features of Baroda Maha Utsav Fixed Deposit scheme.
Period | Minimum:1 yearMaximum: 5 year |
Rate of interest | Minimum: 4.50%Maximum:7.50% |
Rate of Interest Applicable on Baroda Maha Utsav Fixed Deposit Scheme
Given below is the rate of interest charged on Baroda Maha Utsav Fixed deposit scheme for deposits under Rs.1 crore.
Tenure | Interest Rates (p.a.) |
7 days to 14 days | 4.50% |
15 days to 45 days | 4.50% |
46 days to 90 days | 6.50% |
91 days to 180 days | 6.75% |
181 days to 270 days | 7.30% |
271 days to less than 1 year | 7.50% |
1 year and above up to 2 years | 7.75% |
Above 2 Years and upto 3 Years | 7.75% |
Above 3 Years and upto 5 Years | 7.75% |
FAQs on Baroda Maha Utsav Fixed Deposit Scheme
- What is the minimum and maximum tenure period for the fixed deposit account?
The minimum tenure for Baroda Maha Utsav Fixed Deposit scheme is 1 year and the maximum tenure is 5 years.
- Can the applicant apply for the term deposit account online?
Yes, the applicant can avail the application form online. It can be downloaded on the bank’s official website.
- Are Hindu Undivided Family individuals eligible for this scheme?
Yes, Hindu Undivided Family individuals are eligible for this scheme.
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