Bank announces Financial Results for quarter ended, 30th September 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities
Visit our website https://www.bankofbarodauk.com/ for any further information.
NOTIFICATION DATED 27.06.2023 FOR SALE / ASSIGNMENT OF FINANCIAL ASSET (NPA) to ARCs (E-AUCTION ON 14.07.2023)
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.
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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 Recurring Deposit and get multiple benefits.
Watch how your savings grow with the BOB Systematic Deposit Plan (SDP), just by investing a little each month in a recurring deposit account. Invest a little each month in a recurring deposit account, and watch your savings grow. How does it work? With a recurring deposit or RD account, you make monthly deposits for a fixed period of time and earn interest on your recurring deposit account balance. On maturity of your Recurring Deposit, you will receive your principal and interest.
Bank of Baroda offers attractive interest rates on recurring deposit schemes, making it a smart choice for your savings strategy.
Accordingly Bank has adopted following methodology.
“In all cases of Domestic Term Deposits ( period of deposit more than a year) where the
terminal quarter is incomplete, interest should be calculated for complete quarter and the
actual number of days, reckoning the year 365/366 days viz the calculation of interest on
such deposits should be in order of completed quarters and days.”
Income Tax is to be deducted in cases where the total interest paid or credited on all
time deposits in the name of a depositor with Bank as a whole, whether singly or jointly (as
first named person) exceeds the specified limit per financial year as under income tax act
1961, Tax is to be deducted either at the time of credit to the account or payment of
interest to the depositor whichever is earlier subject to change in limits of interest
eligible for tax limit from time to time.
In case the depositor submits following Form before end of April every year, no tax may be
However, Bank has statutory obligation to deduct tax at source on any interest paid / payable on
NRO Term Deposits at the specified rates. If PAN is submitted with a declaration applicable
under Double Tax Avoidance Treaty - TDS is deducted @ applicable rate for the country of
residence of the customer.
In case, the customer wishes to make changes in the tenure or wants premature proceeds of the
Term deposit, the same is allowed at the written request of the customer. In case of deposits
under callable scheme premature withdrawal of bulk deposit is done as per Bank’s discretion.
The Bank on request from the depositor, at its discretion may allow withdrawal of Term deposit before
completion of the period of the Deposit agreed upon at the time of placing the deposit. The
components of penalty shall be clearly brought to the notice of the depositors at the time of
acceptance of deposits and if not, no penalty shall be levied. Penal Interest Rate Policy for
premature withdrawal of Term Deposit is as under
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