bob Monsoon Dhamaka Deposit Scheme

ROI( % p.a.) w.e.f. 15.07.2024

• The product will be called bob Monsoon Dhamaka Deposit Scheme and will be available for a specific tenure of 333 Days days.
• The Products will be made available in Retail Term Deposits Schemes i.e. less than Rs. 3.00 Crores only (Retail Term Deposits ceiling revised w.e.f. 11.06.2024).
• The product is applicable for all schemes e. General, NRE, NRO and Non - Callable and with all the -3- interest options (RIRD, MIP & QIP for above 1 Year period only) (No new Scheme Code has been created for the said Deposits and Rate of Interest will be applicable based on the number of days entered while account opening in the TD Accounts).
• Senior Citizen Preferential Rate is applicable only for “Resident Indian Sr. Citizen. No additional Interest rate is payable for Non-Residents Senior Citizens in NRE and NRO Deposits.
• ROI for Staff & Senior Citizen Staff as per existing terms and conditions of the Bank.
• All other terms & conditions applicable to Term Deposits except Rate of interest & period remain same for bob Monsoon Dhamaka Deposit Scheme also.

• An individual in his own name.
• Jointly by more than one individuals.
• In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.

• As per existing terms for FDR All documents applicable to 'Fixed Deposits' will apply.

• Rate of Interest to Senior Citizen: An additional interest to Resident Senior Citizens as per Bank's guidelines is payable for deposits below Rs. 3.00 Crores only. Senior Citizen rate is not applicable to NRE/NRO/Capital Gain/FCNR. For latest rates, please visit
• Advance against Callable Deposits: This facility is not available to a minor account in single name and HUF. If the interest is not deposited for more than 2 quarters, term deposit will be apportioned immediately.
• Advance against (Except Non-Callable Deposits): Loan / Overdraft / Advance facility is not available against the security of Non-Callable Deposits as per Bank’s guidelines.
• Accepted as security by Government departments & as margin for non-fund based activities subject to their acceptance.
• Eligibility norms and all other instructions applicable to 'Fixed Deposits' will apply.

Bulk Deposits (Rs. 3.00 Crores & above)

• “Bulk Deposit” means a single Rupee Term Deposits of Rs. 3.00 Crore and above (RBI/2024-25/40 DoR.SPE.REC.No.24/13.03.00/2024-2025 dated 07.06.2024).
• In case multiple deposits are created on same day aggregating Rs. 3.00 Crores and more, but the same mature on different dates, then it will not tantamount to splitting of Bulk Deposit. Also multiple deposits created on same day aggregating Rs. 3.00 Crores and more with same maturity period but for different specific purposes will not tantamount to splitting of Bulk Deposit, provided the customer submits supportive documents for the same.