Baroda Advantage Fixed Deposits NRO-Non Callable

coming soon..

• Depositor gets differential rate of interest over normal fixed deposit rate.
• Minimum Deposit Amount : Rs 15.01 Lakh (further in multiple of Rs. 1,000/-)
• Maximum Deposits Amount : No limit
  (for NRE - Below Rs. 2.00 Crores only)
• Minimum period - 12 months.
• Maximum period - 120 months.
• Deposit available under RIRD/MIP/QIP scheme.
• Premature withdrawal of the deposit will not be allowed before maturity.

• An individual NRI/PIO in his own name.
• Jointly by more than one individual (with resident or NRI).
• TDS will be deducted on interest payment on NRO term deposit but interest payment on NRE term deposit are exempted from TDS as per income tax rules.
• Frequency of interest payment in the account will be similar as applicable to normal term deposit (callable) product.
• Eligibility norms and all other instructions applicable to 'Fixed Deposit' will apply mutatis mutandis to these deposits.