In This Article We Know BOB RD Interest Rates, Benefits Of BOB RD, Eligibilty For BOB RD, BOB RD Apply Online, Required Documents For BOB RD, Bank Of Baroda RD Features,
Bank of Baroda Recurring Deposit (RD) Interest Rates 2023: Grow your savings by investing a fixed sum monthly in Bank of Baroda’s Recurring Deposit, earning attractive interest rates. BOB RD allows you to build up your savings through consistent monthly deposits of a fixed amount over a specified period. This option is particularly beneficial for individuals with limited earnings, as the monthly deposit amount in a BOB Account is quite modest. Bank of Baroda’s Recurring Deposit (RD) presents an excellent opportunity to invest small amounts regularly, resulting in a substantial fund upon maturity.
Utilize the Recurring Deposit to securely accumulate wealth by making regular monthly deposits of a fixed sum over a designated period. Invest minimal amounts in the Recurring Deposit and enjoy the benefits of Fixed Deposit interest rates! Tailor its advantages to meet your specific needs.
Benefits Of BOB RD
Benefits Of BOB RD Details:
| FEATURES | BENEFITS |
|---|---|
| Attractive Interest Rates | – Upto 5.15% for Senior Citizens |
| – Upto 4.65% for Individuals | |
| Flexible Tenor Options | – Minimum Tenor: 6 Months |
| – Maximum Tenor: 120 Months | |
| Minimum Amount | – Rs.50 and in multiples of Rs.50 (rural & semi-urban branch) |
| – Rs.100 and in multiples of Rs.100 (urban & metro branch) | |
| Deposit Multiples | – As low as ₹ 50 |
| Ease of Booking | – Open RD with a click of a button using internet or mobile banking. |
BOB RD Interest Rates 2023
| Tenure | Regular RD Interest Rates (p.a.) | Senior Citizen RD Rates (p.a.) |
|---|---|---|
| 181 days to 270 days | 4.65% | 5.15% |
| 271 days and above, less than 1 year | 4.65% | 5.15% |
| 1 year | 5.30% | 5.80% |
| Above 1 year to 400 days | 5.45% | 5.95% |
| Above 400 days and up to 2 years | 5.45% | 5.95% |
| Above 2 years and up to 3 years | 5.50% | 6.00% |
| Above 3 years and up to 5 years | 5.50% | 6.15% |
| Above 5 years and up to 10 years | 5.50% | 6.50% |
Tearms & Condition For BOB RD
- Loan against deposit
- High interest rates, identical to fixed deposit rates
- Investment as small as Rs. 50 (and multiples of Rs. 50 thereafter)
- Minimum tenure of 6 months (and multiples of 3 months thereafter) up to a maximum tenure of 120 months
- For NRI customers, the minimum RD tenure is 12 months
- Enjoy interest rates equivalent to regular Fixed Deposits with a much smaller monthly investment
- BOB reserves the right to close the recurring deposit if the customer misses 5 consecutive instalments
- Minimum RD tenor should be 6 months
- Minimum instalment amount is ₹ 50
- Instalment amount should be in multiples of ₹ 50
Early Termination
Interest should be paid after subtracting a penalty of 1% from the applicable rate or the contracted rate, whichever is lower, in cases that are subject to penalty charges.
Eligibilty For BOB RD
- Eligibilty For BOB RD: Individuals residing in the country
- Hindu Undivided Families (HUFs)
- Companies, both private and public limited
- Trusts and Societies
Bank Of Baroda RD Apply Online
- BOB RD Apply Online: Existing BOB customers can open a Recurring Deposit through the bank’s Mobile Banking Application and Internet Banking.
- BOB RD Apply Online for Visit the nearest BOB branch to open a Recurring Deposit.
- Contact BOB, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to assist you with the application process.
Bank Of Baroda RD Features
- Bank Of Baroda RD Features: Enjoy interest rates equivalent to regular Fixed Deposits with a much smaller monthly investment.
- Invest as little as Rs. 1000 (and multiples of Rs. 100 thereafter) or as much as Rs. 14,99,900 per month.
- Minimum tenure of 6 months (and multiples of 3 months thereafter) up to a maximum tenure of 10 years.
- Easily submit the 15G/H form through Netbanking.
- Set instructions to convert your Recurring Deposit into a Fixed Deposit at maturity.
- Avail the nomination facility while booking the deposit online.
Required Documents For BOB RD
Proof of Identity
- Aadhaar Card
- Passport
- PAN Card
- Voter ID Card
- Driving License
- Government ID
- CardPhoto
- Ration Card
- Senior ID Card
Address proof
- Aadhaar Card
- Passport
- Telephone Bill
- Electricity Bill
- Bank Statement with Cheque
- Certificate/ID Card issued by the Post Office
Other Banks Providing Recurring Deposit
| State Bank of Baroda | HDFC Bank | ICICI Bank | Axis Bank |
|---|---|---|---|
| Indian Bank | RBL Bank | IDBI Bank | IDFC Bank |
| Corporation Bank | Andhra Bank | PNB Bank | Canara Bank |
| Union Bank of Baroda | Central Bank | Bank of India | Bank of Baroda |
| Jana Bank | AU Bank | Equitas Bank | UCO Bank |
| Syndicate Bank | Allahabad Bank | Kotak Mahindra Bank | – |
FAQ?: Bank Of Baroda RD
Certainly, the BOB RD account necessitates a minimum monthly deposit of INR 50. Nevertheless, there is no restriction on the maximum deposit amount.
Certainly, it is permissible to establish a BOB RD account on behalf of a minor. The RD account may be opened in the name of a minor who is aged ten or above, with the maximum limit for this RD scheme set at INR 1,00,000.
Opening a BOB RD account is possible through both offline and online channels. To apply online, individuals can visit the Bank of Baroda’s official website. For offline applications, a visit to the nearest Bank of Baroda branch is required.
To invest in a Bank of Baroda RD, it’s essential to have all the necessary documents. For identity proof, valid options include a PAN Card, Passport, Aadhar Card, Voter ID, and Government ID proof. Address proof documents may include a Passport, utility bills, bank statement with a cheque, and Aadhar card.
No, the renewal of a Bank of Baroda RD account is not permitted.
