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  • Baroda Regular Income Cum Recurring Deposit

    BANK OF BARODA RECURRING DEPOSIT
     5.0 / 5.0   by 7 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Customers who plan to make long-term investments and save for their future can ideally take the Baroda Regular Income cum Recurring Deposit scheme and benefit with higher interest rates and longer deposit tenures. Bank of Baroda offers compound interest on the Baroda Regular Income cum Recurring Deposit, which ensures that the customer gets maximum savings. Account holders can rest assured that their investments will be completely secure, reaping in higher returns.

    Features of Baroda Regular Income Cum Recurring Deposit

    Monthly Installment Amount

    Bank of Baroda customers can open recurring deposit account with a minimum installment amount of Rs.1000 and successive deposits can be made in multiples of Rs. 100.

    Deposit Tenure

    Baroda Regular Income cum Recurring Deposit customers can open deposits with a minimum tenure of 12 months to up to a maximum of 120 months.

    Interest Rates

    Bank of Baroda charges interest rates according to the tenure of the deposit and the amount deposited. For recurring deposits below Rs. 1 crore, the interest rate charged ranges between 4.50% to up to 7.30%. For recurring deposits between Rs. 1 crore and Rs. 10 crores the interest rate charged ranges between 4.50% to up to 6.75%. For recurring deposits between Rs. 10 crores and Rs. 50 crores the interest rate charged ranges between 4.50% to up to 6.75%. For recurring deposits between Rs. 50 crores and Rs. 100 crores the interest rate charged ranges between 4.50% to up to 6.75%. Senior citizens can enjoy an additional 0.50% interest rate on Baroda Regular Income cum Recurring Deposits. This extra interest amount will be applicable on deposit amounts of Rs. 10,000 and higher. The interest rate is compounded on a quarterly basis and will be credited to the customer’s account every six months. Interest paid is subject to TDS for a Baroda Regular Income cum Recurring Deposit account.

    Premature Closure Penalty

    Bank of Baroda does not charge any penalty for premature closures of deposits with amounts of up to Rs. 5 lakhs. This condition will apply if the Baroda Regular Income cum Recurring Deposit account has remained open with Bank of Baroda for a minimum tenure of 12 months. For other recurring deposit accounts, the interest rate will be 1% below the applicable rates for the entire tenure of the deposit.

    Overdraft Facility

    Baroda Regular Income cum Recurring Deposit account holders can use the overdraft facility and withdraw up to 95% of their deposit amounts in the form of a pre-issued cheque.

    Nomination

    Bank of Baroda does provide the nomination feature for a Baroda Regular Income cum Recurring Deposit account.

    Documents Required

    1. Residence Proof for the applicant
    2. 1 Passport Size Photograph
    3. Introduction Letter according to Bank of Baroda norms

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    RD Reviews

  • Page 1 of 1
    • Bank of Baroda Recurring Deposit
      "Good Bank"
      BANK OF BARODA
      0.5 5.0/5 "Blown Away!"
      I had Recurring Deposit account with Bank of Baroda. RD period was one year and every month I used to pay 2500 rupees. The interest rate was around 6% which is the same like other banks I believe. At the end of the year, they were able to release the amount on time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 09, 2017
    • Bank of Baroda Recurring Deposit
      "Nice Bank"
      BANK OF BARODA
      0.5 5.0/5 "Blown Away!"
      Recently I invested in Recurring Deposit account with Bank of Baroda. The monthly payment was around 1000 rupees, therefore they did not deduct anything from my salary account. The tenure period is for five years. After five years, they would return my money 86000 rupees. Interest rate provided by them is very much nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 09, 2017
    • Bank of Baroda Recurring Deposit
      "Easy EMI for Start saving for future"
      BANK OF BARODA
      0.5 5.0/5 "Blown Away!"
      It is easy process to open RD through Netbaking in Bank of Baroda. I used to make the through auto debit in monthly bases with good interest rates. I could pay minimum of 500 to 1 Lakhs according to my convenient. Service and response was really good and supportive.
      Was this review helpful? 4
      , jaipur
      Reviewed on Nov 14, 2016
    • Bank of Baroda Recurring Deposit
      "Satisfied.."
      BANK OF BARODA
      0.5 4.0/5 "Great!"
      Two months ago I used the Bank of Baroda to open recurring deposit for the amount of seven thousand and another is for 500. Interest rate is very less as that is 7.5%. It is online recurring deposit so every time I am paying payment through ecs. Date of payment is 5th.
      Was this review helpful? 6
      , kolkata
      Reviewed on Dec 11, 2015
    • Bank of Baroda Recurring Deposit
      "Double on Double "
      BANK OF BARODA
      0.5 5.0/5 "Blown Away!"
      We had an good scheme for the recurring deposit account. YSJY scheme is an government plan which starts from 1000 rupees where I can deposit some amount to them and at the end i will be getting some good benefits. This was there with BANK OF BARODA only where other banks is not having it. Financially I am getting good benefits from this account.
      Was this review helpful? 11
      , chennai
      Reviewed on Nov 27, 2015
    • Bank of Baroda Recurring Deposit
      "Average"
      BANK OF BARODA
      0.5 4.0/5 "Great!"
      I had the recurring the deposit with the Bank of Baroda. The rate of interest is around 9% for an year of time. Services are good with them. Customer service and the service are quiet good with them. Its easy to track my recurring deposit account through their online portal.
      Was this review helpful? 5
      , bhubaneshwar
      Reviewed on Sep 21, 2015
    • Bank of Baroda Recurring Deposit
      "Excellent !!!!!"
      BANK OF BARODA
      0.5 4.0/5 "Great!"
      From bank of Baroda I have taken a Recurring deposit plan in which the interest rate offered is 8% for the minimum lock in period 1 year. In case we break the lock in period so the interest rate will be reduced. No activation or any processing fee is not covered.
      Was this review helpful? 7
      , nagpur
      Reviewed on Sep 16, 2015
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