Baroda Samriddhi Half Yearly RD 2025

The Baroda Samriddhi Half Yearly Recurring Deposit comes with the following features and benefits:

Deposit Amount - Customers have to open a Baroda Samriddhi Half Yearly Recurring Deposit account with a minimum amount of Rs. 1000. Account holders can make consequent deposits in multiples of Rs. 100.

Tenure of the Deposit - The minimum tenure that can be selected by an account holder is 36 months up to a maximum of 120 months.

Interest Rates - Interest rates for Baroda Samriddhi Half Yearly Recurring Deposit accounts would be charged according to the tenure of the deposit and the amount deposited. The interest rate is compounded on a half-yearly basis and would be paid on the maturity of the deposit.

Premature Withdrawals - If a Baroda Samriddhi Half Yearly Recurring Deposit account holder chooses to withdraw the deposit before the completion of the tenure, the interest rate would be determined as 1% lesser than the rates applicable for that particular tenure.

Documents Required - Baroda Samriddhi Half Yearly Recurring Deposits

The following documents have to be submitted by Baroda Samriddhi Half Yearly Recurring Deposit applicants.

1. Passport photograph of the applicant
2. Introduction letter for the applicants according to the Bank's regulations
3. Residence Proof
   

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Article Pages on RD

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. City Union Bank Recurring Deposit
11. Indian Bank Recurring Deposit
12. Union Bank Recurring Deposit
13. UCO Bank Recurring Deposit

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FAQs on Baroda Samriddhi Half Yearly RD

• What occurs once the RD account reaches maturity?

  When your RD account matures, you can transfer both the principal sum and the accrued interest component straight into your connected savings account. After the RD matures, the remaining funds may likewise be placed in fixed deposits. 

• How is the fine for paying late determined?

  The bank is deemed to have made timely payments when deposits are made during the calendar month in which they are due. Therefore, no punishment is meted out in this instance. A penalty of Rs.1 + GST for every Rs.100 per month will be assessed if payment is postponed until the following calendar month or later. A partial month will be treated as a full month for the purpose of calculating the penalty. 

• Who may submit an application for an RD account?

  Hindu Undivided Families (HUF) and residents of India may open RD accounts with the Bank of Baroda. Through NRO and NRE accounts, NRIs can also open a BOB RD account. 

• Does the Bank of Baroda RD account offer the nomination facility?

  Yes, Bank of Baroda recurring deposits offer a nomination facility. There can only be one nominee per account, regardless of whether the RD is opened in a single or joint name. 

• Does BOB permit RD accounts to be partially withdrawn?

  Recurring deposit partial withdrawal is not permitted by Bank of Baroda.