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- NRE
- NRO
- OCI (Overseas Citizens of India)
- PIO (Persons of Indian origin)
- Foreign Currency Deposits
- RFC Accounts
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Rupee Linked Foreign Currency Deposit Scheme for NRIs
NRI's forward contract can be booked on maturity amount. Yields expected depends on forward premium between two set of currencies.
- Period of 12, 24 and 36 months.
- Minimum USD 10,000 or its equivalent in any convertible currency.
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Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Offers the dual advantage and benefits of both NRE Rupee Deposits and FCNRD Deposits.
- Retrieving data. Wait a few seconds and try to cut or copy again.
- Risk of losing money due to a fall in the exchange rate is eliminated.
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Foreign Currency Non Resident B Term Deposit
A deposit plan enables entire maturity proceeds i.e in Foreign Currency (USD, GBP, EURO, AUD) at par at a place of your choice.
- Entire funds (Principal + Interest) held in FCNR accounts can be repatriated.
- Intimation of due dates enable you to plan your finance portfolio.
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Baroda Advantage Fixed Deposits NRO-Non Callable
Advantage Fixed Deposits gets differential rate of interest over Normal Fixed Deposit rate.
- Period: Minimum 12 months Maximum 120 months.
- Minimum Rs. 15 lakhs and maximum below Rs. 2 crores.
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Baroda Premium NRE Savings Bank Account
A saving bank product with value added propositions and privileges to high value NRI customers. The account is available in all Indian branches.
- Free remittance facility if beneficiary maintains account at any of branch in India.
- Interest and principal fully repatriable.
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NRE Rupee Current Account
Opened by NRI's by way of remittance from abroad. These accounts are useful for business transactions for individuals and institutions.
- Provides standard banking facilities.
- No interest is applicable on the deposit amount.
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NRE Rupee Fixed Deposits
A deposit plan that enables opening an account through instruments such as demand drafts, mail transfers etc. which also provides the option for reimbursement plan and quarterly interest plan.
- Confidentiality of accounts.
- Option of payment of proceeds in the currency of your own choice.
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NRE Rupee Savings Account
A deposit plan that enables opening an account through instruments such as demand drafts, telegraphic transfers, telex, mail transfers etc.
- Provides standard banking facilities.
- Retrieving data. Wait a few seconds and try to cut or copy again.
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NRO Rupee Current Account
An NRO-CA account can be opened by remittance from abroad, or by legitimate dues in rupees of the account holder in India.
- Joint A/c with resident close relatives is allowed.
- No interest applicable on deposits.
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NRO Rupee Fixed Deposits
A deposit plan is useful for NRI's to invest from local profits/yields.
- Retrieving data. Wait a few seconds and try to cut or copy again.
- Confidentiality of accounts and transactions.
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NRO Rupee Savings Account
Specific to NRI's, a NRO-SB account can be opened by remittance from abroad or by legitimate dues in rupees of the account holder in India.
- Close relative residents can become joint account holders.
- Avail of remittance facilities.
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Resident Foreign Currency A/C - for NRIs returning to India for settling in India
Bank of Baroda offers remunerative deposits for NRI's returning to India with the intention of permanently settling down here.
- Accounts are maintained in US Dollars,GBP, EURO to AUD denomination.
- Existing repatriable accounts will be renamed as RFC Accounts.
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RFC Domestic Account GCO for Resident Indians
This deposit plan is ideal for utilizing foreign exchange acquired on account of travel visit or receipt of honorarium or gift.
- Instant credit against currency notes/traveller cheques received for credit.
- A minimum balance of USD 500 or equivalent is mandatory.

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Can I avail a home loan from Bank of Baroda?
- Yes, you can avail a home loan from Bank of Baroda, if you plan to construct or purchase a house/flat or extend your existing house/flat and, you are:
- A minimum of 21 years
- Employed or self-employed with a regular income.
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What is the average tenure of a home loan?
We grant term up to a maximum of 30 years. The term for the loan will under no circumstances exceed the age of retirement or completion of 65 years of age, whichever is earlier.
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Who can be co-applicant?
The proposed owners of the residential accommodation as per the agreement for sale, in respect of which financial assistance is sought, must be co-applicants. Usually, joint applications are from husband-wife, father-son or mother-son, etc.
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How much does Bank of Baroda lend?
- Loan amount is determined on the basis of the repaying capacity of the applicant/s. Repaying capacity takes into consideration factors such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings, etc.
- The maximum loan would be Rs.10 crores per unit to any individual applicant based on the area where the property is proposed to be constructed/purchased. We will extend a loan of up to 90% (for newly constructed houses/flat) of the cost of property under our Housing Loan Scheme.
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For how long a period can I get the loan?
We grant a term up to a maximum of 30 years. The term for the loan will under no circumstances exceed the age of retirement or completion of 65 years of age, whichever is earlier.
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But can I prepay the loan ahead of schedule?
Yes, you have the option to prepay the loan ahead of schedule either in parts or in full from your own sources.
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What is the mode of repayment?
- Equated Monthly Instalment (EMI): It means a uniform lumpsum amount, which includes repayment of a part of the principal amount and payment of interest, calculated on daily product basis.
or
- Fixing the monthly/quarterly instalments on the graduated basis is permitted of EMI as requested by customers.
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What is the security for the loan?
The security for the loan is an equitable mortgage of the property to be financed. The security for the loan is equitable mortgage of the property to be financed.
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Do you insist on LIC policy as additional collateral security?
No, it is not mandatory.
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What are the supporting documents required while applying for the loan?
Common requirements for all applicants.
- Application form duly filled in (with a photograph of all the applicant).
- Residence and age verification, which may be established from the PAN Card, Election ID, Passport, Drivers Licence and Ration Card, etc.
- Copy of approved plan and sanction letter from local civic authority.
- Copy of NA permission.
- One/two guarantor/s form/s and salary certificates: If a guarantor is in business, copies of I.T. returns or assessment orders for the last three years are required.
- Bank passbook of statements for the last two years.
- Latest salary slip/statement showing all deductions in case of employed applicants.
- Certified copies of Balance Sheets and Profit and Loss accounts, IT acknowledgments, advance tax challans (for both company/firm and personal account) for the last three years in case of self-employed applicants.
- Memorandum/articles of association for companies, partnership deeds for firms and a brief profile of your company/firm in case of self-employed applicants.
Additional requirement.
- In case of purchase from builder
- Copy of agreement for sale.
- Copy of registration receipt.
- Copy of sanctioned plan & sanction letter of the competent authorities.
- Copy of NA permission/ULC order.
- Copies of receipts of payments already made.
- NOC from builders in our format.
- In case of direct allotment in a Co-operative Housing Society
- Allotment letter.
- Share certificate. Society registration certificate.
- Copy of sale/lease deed in favour of the society.
- NOC from society in our format.
- Possession letter in original.
- In case of resale:
- Copy of all the previous vendors’ agreements duly stamped and registered and the registration receipts. (original to be given before disbursement).
- NOC from society/builder in our format.
- Original share certificate.
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Whether you have any housing loan products for NRIs?
Yes. We have housing loan products for NRIs/PIOs. For details, please visit our website at Housing Loans to NRIs /PIOs