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Short Term (Under 12 months)

Secure Your Money
And Watch It Grow Too.

Baroda Fixed Deposit Accounts

Short Term Deposits (Under 12 months)

Ideal for those considering a transitory deposit during their business ventures. The extremely short period of one year also helps in fast liquidity in addition to a good rate of interest.

  • Ideal for all transitory savings.
  • High liquidity with good returns.
  • Avail of Overdraft / loan against deposit up to 95% of the deposit amount without the hassles of a guarantor or processing fee or, filling of any forms etc.
  • Ideal for meeting short-term commitments as these advances are also available for a single day and till a maximum of 12 months.
  • On pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.
  • The Government accepts this deposit as a Security.
  • Can be used as margin money for Non-fund based facilities.
  • Provision for nomination.
    • Minimum deposit required would be Rs.1000/-, which has to be made for a minimum of 7 days, and can then be extended to a maximum of 12 months.
    • The minimum deposit acceptable for small periods such as 7-14 days will be Rs. 15 Lakhs.
    • Compound interest is calculated quarterly and the rate is decided based on the maturity period.
    • An additional interest of .5% is paid to the senior citizens for their deposits above Rs. 10000/-.
    • Interest payments are subject to TDS (Tax Deducted at Source).
    • Income from interest is exempted from income tax up to a limit of Rs. 9000 under the section 80 L. However, deposits that earn over Rs. 5,000/- per year are subject to TDS.
    • Documents required:
      • Passport size photograph
      • Proof of residence
      • An introduction as per Bank's norms

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