Secure your money and watch it grow too!
Convenient and flexible term deposits from BoB .
Rates & Interest Payments
- Easy to operate
- Provides liquidity to meet with all types of payment obligations and gateway for other banking services
- Overdraft facility may be sanctioned against bank’s laid down norms
- Free issuance of monthly statements
- 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 Rs. 5mn W.E.F 08.03.2023
- 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 W.E F 08.03.2023|
|3 months and above but less than 6 months||3.30% i.e 0.20% above Savings Bank Rate|
|6 months and above but less than 12 months||3.35% i.e 0.25% above Savings Bank Rate|
|12 months and above but less than 24 months||3.40% i.e 0.30% above Savings Bank Rate|
|24 months and above but less than 36 months||3.55% i.e 0.45% above Savings Bank Rate|
|36 months to 60 months||3.75% i.e 0.65% above Savings Bank Rate|
|Interest payment on deposit Rs. 5mn & above|
|Rate of Interest will be fixed on request from 1.00% to 2.50%|
Interest payment on deposit Rs. 5mn & above
For further details, kindly check fees and charges on the home page.
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