• Opening Hours

    • Monday       : 9:15 to 15:15
    • Tuesday      : 9:15 to 15:15
    • Wednesday : 9:15 to 15:15
    • Thursday     : 9:15 to 15:15
    • Friday          : 9:15 to 16:15
    • Saturday      :CLOSED
    • Sunday        :CLOSED
  • Contact Details

    Our Address :

    Bank of Baroda
    P.B. No. 553
    No.32, Sir William Newton Street,
    Port Louis
    Mauritius
    Telephone :
    (230) 208 1504/05
    (230) 208 3891/93
    email: portlo@bankofbaroda.com

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Fixed Deposits

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An ideal scheme for High Return on your deposits and to supplement  your income

TERMS AND CONDITIONS

  • Minimum deposit amount of Rs 10,000.-
  • Minimum period of deposit – 12 months
  • Maximum – 60 months

FEATURES
Overdraft against deposit provided on demand up to 90% of deposit amount without any guarantor.
Loan against deposit provided on demand up to 95% of deposit amount without any guarantor.
In case of premature payment, the deposit has to run for a minimum period of three months to earn interest.

In case it has run for more than three months, interest @ 1% below the rate applicable for the period deposit has run with the banks will be paid.

  • Accepted as margin for non-fund based facility
  • Accepted as collateral for overdrafts and loans

INTEREST PAYMENT ON DEPOSIT UP TO Rs5.0MN W E F 25.08.2016

Rate of interest depends on maturity period and is linked to Savings Bank Rate.
Interest is payable monthly/quarterly/annually as per your convenience.
Interest may be credited to your SB account .
Present Rates of Fixed Deposits are:

Period of Deposit
Interest Rate
3 months and above but less than 6 months
2.65% i.e 0.15% above Savings Bank Rate
6 months and above but less than 12 months
2.75% i.e 0.25% above Savings Bank Rate
12 months and above but less than 24 months
3.00% i.e 0.50 % above Savings Bank Rate
24 months and above but less than 36 months
3.25% i.e 0.75% above Savings rate
36 months and above but less than 60 months
3.50% ie. 1.00% above Savings Bank Rate

INTEREST PAYMENT ON DEPOSIT Rs5.0MN & ABOVE
Rate of Interest will be fixed on request from 0.5% to 4.50%
For further details kindly check our BOM template on Fees and charges on the home page