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Baroda Double Dhamaka Fixed Deposit

Product Specification

This is a Term Deposit Product wherein Depositor gets more than double of his initial deposit amount.

Area of operation

The product shall be available at all CBS branches.

Eligibility and Target Group

  • An individual in his own name.

  • Jointly by more than one individuals.

  • Minor of age 10 and above on terms laid down by the Bank.

  • Account in the name of minor with their father/mother, as guardian.

  • In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.
  • The product is not available for NRI Customers

Minimum Deposit Amount

Rs 5,000/- ( and further in multiple of Rs. 1000/-)

Maturity Value

On Due date Rs. 1000/- shall accumulate into approximately. Rs. 2001/-

Maximum Deposit Amount

Less than Rs. 1.00 Crore

Rate of Interest

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Payment of Interest

  • Frequency of Interest payment in the account will be similar as applicable on RIRD.

Premature Payment

Premature penalty as per Bank�s extant guidelines on Term Deposits shall be applicable.

Nomination facility

Nomination facility will be available.

Tax Deduction at Source

TDS will be deducted on interest payments as per rules.

Availability of Loan/Overdraft

    Loan / Overdraft facility to be permitted up to 95% of outstanding balance at interest rate 1.5% over interest rate paid on deposit (No processing Charges to be levied on such loan / Overdraft facility)

Closure of A/C

Rules applicable as per existing Term Deposit Account

Other Terms and conditions

Same terms as applicable to Term Deposit.

To know the current interest rates Click here.

For further details, please contact the Bank of Baroda Branch nearest to you.

> Short Deposits > Baroda Utsav Deposit Scheme > Baroda Double Dhamaka Fixed Deposit
> Fast Access Deposit Scheme > BoB Suvidha Fixed Deposit Scheme > Regular Income Plan
> Monthly Income Plan > Regular Income Cum Recurring Deposit > Capital Gain Account Scheme, 1988 > Term Deposits > Recurring Deposit > Yatha Shakthi Jama Yojana

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