Bank announces Financial Results for quarter ended, 30th June 2024.
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.
Bank of Baroda offers the Senior Citizens Saving Scheme(SCSS Scheme) account to individuals above the age of 60 years or 55 years for those who have retired on superannuation or under a voluntary or special voluntary scheme or 50 years for the retired personnel of defence services (excluding civil defence employees). Depositors are allowed to open multiple account under this scheme with combined maximum limit of Rs. 30 lakhs in all accounts. The SCSS account is a robust and safe account designed especially for seniors to earn long term savings in their old age.
As per Gazette Notification dated 31.03.2023- Government Savings Promotion General (Amendment) Rules, 2023 submission of Aadhaar Card and Pan Card is mandatory for New & Existing Customers.
Frequently Asked Questions (FAQs)
Senior Citizen Savings Scheme (SCSS) is a government-sponsored savings instrument launched in 2004, intending to provide senior citizens with a steady and secure source of income for their post-retirement life. .
SCSS (Senior Citizen Savings Scheme) is best for senior citizens
Yes, SCSS interest rate is fixed for 5 years
No, senior citizen saving scheme interest is not tax free.
No, the account shall be opened with a minimum deposit of one thousand rupees or any sum in multiples of one thousand rupees not exceeding thirty lakh rupees.
There shall be only one deposit in the account, maximum up to 15.00 lakhs.
Current interest rate in senior citizen saving scheme is 7. 6% (Q-3 from 1st Oct to 31st Dec)
The whole amount of deposit in a joint account shall be attributable to the first account holder only.
Yes, both the spouses can open separate accounts.
TDS is applicable above interest amount of Rs. 50000.
Yes, premature withdrawal of the deposits from the accounts under the SCSS is permitted.
No, Non-resident Indians, Persons of Indian Origin and Hindu Undivided Family are not eligible to invest in the SCSS, 2004.
Yes, account can be transferred from one deposit office to another.
Yes. It can be extended for 3 years.
The documents required for opening a senior citizen's savings scheme account are Application form, KYC, Retirement proof, if account is opened before completion of 60 years of age etc.
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