BOB RD Interest Rates 2023: Invest fixed sum of amount on monthly basis in Bank of Baroda Recurring Deposit and get attractive interest rates. Build up your savings through regular monthly deposits of a fixed sum over a period of time with BOB RD. This is a great option for those who have fewer earnings as the monthly deposit amount is very less in BOB Account. Bank of Baroda Recurring Deposit (RD) is an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.
Recurring Deposit allows customers with an opportunity to build up their wealth securely through regular monthly deposit of fixed sum over a period of time. Invest very small amounts in Recurring Deposit and get Fixed Deposit interest rates! Maximise its benefits to suit your needs.
Applicable from 28 July 2022
| FEATURES | BENEFITS |
| Attractive Interest Rates | Upto 5.15% for Senior Citizens Upto 4.65% for Individuals |
| Flexible Tenor Options Minimum Tenor Maximum Tenor | 6 Months 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 on click of a button using internet or mobile banking. |
| 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 and 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% |
Must Read – BOB Fix Deposit
Interest should be paid after deducting penalty of 1% from such applicable rate or the contracted rate whichever is lower in the cases which are subject to charging penalty
- Resident individuals
- Hindu Undivided Families
- Private & Public Limited Companies
- Trust & Societies
- BOB Existing customers can open Recurring Deposit through his bank Mobile Banking Application and BOB Internet Banking.
- Visit the nearest BOB branch and open Recurring Deposit
- You can also and our Customer Care Executive will fix a service appointment with our Relationship Manager to help you with the application process.
- For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.
- An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs. 14,99,900 per month
- A minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
- Ease to submit 15G/H form through Netbanking
- Set instructions to convert your RD into an FD at maturity
- Availing nomination facility while booking deposit online
Proof of Identity
- Aadhaar Card
- Passport
- PAN card
- Voter ID card
- Driving license
- Government ID card
- Photo ration card
- Senior citizen ID card
Address proof
- Aadhaar Card
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ ID card issued by Post office
Categories: RD Interest Rate
Source: bank.newstars.edu.vn
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