• Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)

Financing growth & transforming rural India.

Bank of Baroda, for rural India, with rural India.

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod)

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Interest rates & charges
  • Most Important Terms & Conditions (MITC)

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Benefits

  • Nil Processing Charges
  • Loan is provided upto 90% of the Face Value or Book value
  • No maximum Loan limit
  • Nil Pre payment Charges

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Features

Nature of Facility: Demand/ Term Loan / Overdraft

Period of Loan: On or before maturity period of FDR

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Eligibility Criteria

Any individual with self-declaration/Proof that he is engaged in Agriculture Activities/ the proceeds of LABOD/ODBOD will be used for Agriculture purpose

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Document Required

  • KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
  • FDR/SDR

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Interest rates & charges

Product Conditions Repo Rate + Spread Effective Rate of Interest
Loan/OD Against Banks Own Deposits (LABOD/ODBOD)
Repo Rate + Spread
1.00% over Interest Rate on Fixed Deposit
Effective Rate of Interest
-
Advance Against the securities of third party FDRs (against Resident Deposits)
Repo Rate + Spread
1.00% over Deposit rate Or BRLLR + SP + 0.50%, whichever is higher.
Effective Rate of Interest
-
  • Processing Charges: Nil

Loan/Overdraft Against Bank’s Own Deposit (Labod/Odbod) : Most Important Terms & Conditions (MITC)

Quantum of Loan 90% of the Face value or Book value whichever is higher
Loan Period Loan period will be on or before maturity period of FDR
Repayment Bullet payment
Maximum Loan Amount No maximum limit stipulated
Margin 10% against duly discharged fixed/short deposit Receipts of all tenors
Rate of Interest
  • Rate of interest for public/ senior citizens is 1.00% over Interest Rate on fixed deposits on any amount of deposits.
  • Rate of interest third party FDRs is 1% over Deposit rate or MCLR + SP+ 0.25% whichever is higher.
Other Informations
  • No advances to be granted against a term deposit on the same day on which it is issued
  • Processing Charges: Nil
  • Loan to be granted from the same branch in which FD account is opened.
  • No loans will be considered against FDR/SDR in the name of minor
  • No loans will be considered against any other deposit i.e Recurring Deposit/ Yatha Shakti Jama Yojana.

Related Products

Add this website to home screen

Are you Bank of Baroda Customer?

Yes No

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.