• 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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  • /Short Deposits

Short Deposits

Above 3 but les than 12 months

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A scheme for High Return on your Savings even for a short period of less than 12 months.

BENEFITS

An ideal option for all transitory savings to meet the requirements.

TERMS AND CONDITIONS

  • Minimum deposit amount of Rs 10,000.-
  • Minimum period of deposit – 3 months
  • Maximum period of deposit –  6 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

  • Rate of interest depends on maturity period and is linked to Savings Bank Rate.