Special Short Term Deposit Product

Offering Higher ROI in Short Term deposit

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees & Charges
  • Most Important Terms and Conditions (MITC)

bob 360 Short Term Deposit : Benefits

Rate of Interest for bob360 will be as under:

  Callable
Tenors General / NRO Senior Citizen*
ROI (%) 7.10 7.60

bob 360 Short Term Deposit : Features

  • MINIMUM DEPOSIT AMOUNT- Rs 1,000/- (and further in multiples of Rs. 1/-) for Callable Deposits. (Non-Callable Deposits Not Applicable)
  • MAXIMUM DEPOSIT AMOUNT-Less than Rs. 2.00 Crores
  • Sr. Citizen Preferential Rate is applicable only for “Resident Indian Sr. Citizen”.
  • Tenor of Deposit is 360 Days
  • Nomination facility will be available
  • Auto-renewal facility will be available

bob 360 Short Term Deposit : Eligibility Criteria

  • 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.

bob 360 Short Term Deposit : Document Required

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

bob 360 Short Term Deposit : Fees & Charges

bob 360 Short Term Deposit : Most Important Terms and Conditions (MITC)

  • 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.

Frequently Asked Questions (FAQs)

  • What is the tenure of the "bob360 Term Deposit"?

    The tenure of the " bob360 Term Deposit " is 360 days.

  • Who is eligible to apply for the "bob360 Term Deposit"?
    • An individual in his own name.
    • Jointly by more than one individual.
    • In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions
  • Are there any specific documents required to open this term deposit account?

    To open this term deposit account KYC document and Account opening form is required.

  • Can I withdraw my funds before the completion of the 360-day tenure?

    Yes, Premature Withdrawal is allowed.

  • Is the interest rate fixed for the entire tenure of the deposit?

    Yes, the interest rate is fixed for the entire tenure of the deposit.

  • Are there any additional benefits for senior citizens opting for the "bob360 Term Deposit"?

    Yes, there are additional benefits for senior citizen opting for the “bob360 Term Deposit”. To know more about benefits please visit the Bank of Baroda website.

  • How can I open a "bob360 Term Deposit" account? Is it possible to do it online?

    You can open a " bob360 Term Deposit " account online through mobile banking and net banking, or by visiting a branch.

  • Is the interest earned on the "bob360 Term Deposit" taxable?

    Yes, the interest earned on the “bob 360 Term Deposit” is taxable.

  • Are there any special offers or promotions associated with this term deposit currently?

    No, currently there is no special offer or promotions associated with this term deposit.

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