Bank of Baroda RD Premature Withdrawal Rules
Premature choices for withdrawals were offered by Bank of Baroda for its recurring deposits. If the depositor chooses to withdraw the deposited money prior to the specified period of time, there will be a 1% deduction from the appropriate interest rate based on the selected RD plan. There is no facility for partial withdrawal.
Bank of Baroda RD Interest Rates 2024
The recurring deposit of Bank of Baroda is one of the bank’s most popular schemes, allowing customers to save a portion of their monthly income and reap benefits over the years. Bank of Baroda was founded on July 20, 1908, by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, and nationalized on July 19, 1969. It is presently India’s third-largest public sector bank. The attractive BOB RD interest rates along with additional surplus benefits, make it profitable to invest in BOB RD. A recurring deposit (RD) account with the Bank of Baroda can be opened for a tenure of 6 months to ten years. General citizens can open a Recurring Deposit account with the bank and earn interest ranging from 4.30% p.a. to 5.75% p.a . Citizens above the age of 60 are granted an extra interest rate of 0.50% on all tenures.
Table of Content
- Bank of Baroda RD Interest Rates 2024
- Features of Bank of Baroda Recurring Deposit
- How to Open an RD Account in Bank of Baroda?
- How to Calculate RD Interest Rates in Bank of Baroda?
- Eligibility Criteria to Start RD Account with Bank of Baroda
- Documents Required for Starting an RD Account
- Types of Bank of Baroda RD Accounts
- Bank of Baroda RD Premature Withdrawal Rules
- Frequently Asked Questions (FAQs)