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    • NRE
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    • PIO (Persons of Indian origin)
    • Foreign Currency Deposits
    • RFC Accounts

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  • NRE
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  • OCI (Overseas Citizens of India)
  • PIO (Persons of Indian origin)
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  • Baroda NRE Salary Savings Account

    NRI/PIO individual who have gone out for employment and receiving salary and bonuses at a fixed interval from their employer.

    • Auto transfer of funds to Flexi-Fixed Deposit account.
    • Easy liquidity and convertibility.
  • 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.
  • Foreign Currency Linked Rupee Deposits (FCLRD) Scheme

    Offers the dual advantage and benefits of both NRE Rupee Deposits and FCNRD Deposits.

    • Risk of losing money due to a fall in the exchange rate is eliminated.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • NRO Rupee Fixed Deposits

    A deposit plan is useful for NRI's to invest from local profits/yields.

    • Confidentiality of accounts and transactions.
  • 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.
  • 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.
  • 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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Select Accounts Type
  • Baroda NRE Salary Savings Account
  • Rupee Linked Foreign Currency Deposit Scheme for NRIs
  • Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
  • Baroda Premium NRE Savings Bank Account
  • NRE Rupee Current Account
  • NRE Rupee Fixed Deposits
  • NRO Rupee Current Account
  • NRO Rupee Savings Account
  • Resident Foreign Currency A/C - for NRIs returning to India for settling in India

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Frequently Asked Questions (FAQs)

  • 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:
      1. A minimum of 21 years
      2. Employed or self-employed with a regular income.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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

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