Bank of Baroda, a pioneer institution providing NRI services in the financial and banking sector brings yet another customer centric deposit product. 'BARODA STRUCTURED DEPOSIT' is an Interest Rate Linked structured product with derivative features, offering opportunities to earn higher returns to investors.
The innovative deposit product allows an investor to receive a predetermined interest for the number of days the US dollar interest rate stays within a range. The Product guarantees 100% principal protection if the deposit is held till maturity. The interest earning on the structured deposit is maximized if the US dollar interest rate remains within the range as set at the time of booking the deposit.
Key Benefits
- Investor can receive a predetermined interest for the number of days the US dollar interest rate stays within a range
- Guaranteed 100% principal protection for deposit held until maturity
- Maximized interest earning if the US Dollar interest rate remains within the set range
- Increased flexibility through customized product features
Terms & Conditions
- The structured deposit has a simple structure that pays a fixed rate of interest as long as the US dollar interest rate remains within a predetermined range. If the US dollar interest rate moves out of the range, then the interest rate knocks out for the number of days in the period when it fixes outside the range.
- The deposit scheme has been designed keeping in view the needs of NRI customers and understanding their specific requirements for investment with higher return. The 'BARODA STRUCTURED DEPOSIT' is offered at Bank's overseas centers except USA and UK.
So, why wait, contact any of our Overseas Branches for further details on conveniences, this unique deposit product has to offer.
