Bank announces Financial Results for quarter/year ended, 31st March 2023.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Opt for Capital Gain Account Scheme and get multiple benefits.
The Bank is authorized to accept deposits under the Capital Gains Accounts Scheme (CGAS), 1988 by CBDT, Department of Revenue, Ministry of Finance, GOI. Long Term Capital Gains arising on transfer of capital assets is not chargeable to tax if the amount of capital gain or net consideration has been utilized for specified purposes within the stipulated period as laid down under the Income tax Act. No additional interest for staff and Senior Citizen is applicable under this scheme
Government of India, Ministry of Finance, Department of Revenue (CBDT) in exercise of the powers conferred upon by Section 54 of the Income Tax Act, 1961 formulated a scheme called "The Capital Gains Account Scheme, 1988".
According to the provisions of Section 54 (F) of Income Tax Act,1961 w.e.f. 1.4.1988, an assessed earning long term capital gains on sale of any asset who desires to utilize the net consideration for purchase of residential house within two years (2 years) from the date of sale of the capital asset is exempt from tax on the capital gains provided he deposits the sales consideration in authorized branches of Banks authorized to receive deposits and maintain accounts. The amount deposited in the account is permitted for withdrawal for the purpose of purchase of house for self-residence of the depositor, within two years of receipt of sales consideration. If the amount is not utilized within a period of two years, the long term capital gain on sale of the capital asset shall be subject to tax in the year in which the long term capital gains were earned. For withdrawing money from this account after the period of -2- years is over without purchasing house for self-residence, the permission of Income Tax department is necessary.
All branches of public sector banks (except rural branches) are authorized to accept deposits under the scheme.
The scheme provides for two types of accounts viz.
(In exceptional cases like customers belonging to Bora Muslim community, current account titled A-I can be opened instead of savings deposits).
Please fill in these details, so we can call you back and assist you.
Frequently Asked Questions (FAQs)
With effect from 1.4.1988, an assessed earning of long-term capital gains on sale of any asset is the money you make when you sell the asset, according to Section 54 (F) of the Income Tax Act of 1961. The government encourages the tax-free reinvestment of capital gains on specific assets over a specified time period. The time restriction occasionally exceeds the filing return date to guarantee that investors do not miss out on benefits and exclusions that allow them to hold capital gains till reinvesting. Sections 54 and 54F of the Income Tax Act of 1961 shield long-term capital gains from taxation.
Any individual/firm/association of individuals/company/HUF, etc., who wishes to profit from the provisions of Sections 54, 54B, 54D, 54F, and 54G of the Income Tax Act of 1961 (43 of 1961), may deposit in the Capital Gains Account Scheme 1988.
All branches of public sector banks (except rural branches) are authorised to accept deposits under the scheme.
Capital gain accounts can be opened by visiting the authorised branches along with the required documents.
You cannot exceed 2 to 3 years from the date of transfer of original asset as given below:
Max 24 months - if capital gains are U/s 54, 54B, 54 F. (As declared in Form A by depositor).
Max 36 months - if capital gains are U/s 54, 54 D, 54 F, 54 G & 54GB (As declared in Form A by depositor).
There is no upper limit to invest in a Capital gain account scheme (CGAS).
The amount deposited in the account is permitted for withdrawal for the purpose of purchase of house for self-residence of the depositor, within 2 years of receipt of sales consideration.
If the amount is not utilised within a period of 2 years, the long-term capital gain on sale of capital asset shall be subject to tax in the year in which gains were earned.
Form C must be completed in order to withdraw funds from the Capital Gains Account Scheme. The money must be used within 60 days after withdrawal. The money cannot be redeposited instantly. Apply for a second withdrawal using Form D. Where the withdrawal amount exceeds Rs. 25,000, payment should be made only by crossed demand draft/cheque bankers in favour of the person to whom the depositor desires to make payment. If a withdrawal from a term deposit account is desired, the depositor must first request for conversion to a savings account.
Interest payment is subject to Tax Deducted at source (TDS) as per prevailing Income Tax ACT.
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.
Proceed to the website
Thank you for visiting www.bankofbaroda.in