Rates and Charges
Revision in Rate of Interest in Retail Term Deposits
| TERM DEPOSITS | Current Int. Rate | Revised term Deposit Int. Rate | Revised Int. Rate |
|---|---|---|---|
| Period | (05.02.2024 to 31.03.2024) | (from 01.04.2024 onwards) | |
| Amount | UP TO $99,999.99 | UP TO $500,000 | UP TO $99,999.99 |
| Period | % | % | % |
| 1 month to less than 3 months | 0.25%p.a. | 0.25%p.a. | 0.25%p.a. |
| Above 3 months to less than 6 months | 0.25%p.a. | 0.25%p.a. | 0.25%p.a. |
| Above 6 months to less than 9 months | 0.25%p.a. | 0.25%p.a. | 0.25%p.a. |
| Above 9 months to less than 12 months | 0.35%p.a. | 0.35%p.a. | 0.35%p.a. |
| 12 months | 0.60%p.a. | 0.60%p.a. | 0.60%p.a. |
| Above 12 months to 398 days | 0.60%p.a. | 0.60%p.a. | 0.60%p.a. |
| 399 days | 0.60%p.a | 1.10 %p.a. | 0.60%p.a |
| Above 399 days to 24 months | 0.60%p.a | 0.60%p.a | 0.60%p.a |
| Above 24 months to less than 36 months | 0.60%p.a | 0.85 %p.a. | 0.60%p.a |
| Above 36 months to less than 60 months | 0.60%p.a. | 0.60%p.a. | 0.60%p.a. |
| Above 60 months to 120 months | 0.60%p.a. | 0.60%p.a. | 0.60%p.a. |
| TERM DEPOSITS of more than defined limit | Negotiable | Negotiable | Negotiable |
| Interest Rates are subject to change. All Interest rates are on per Annum Basis | |||
| Rawarawa (Recurring) Deposit | ||
|---|---|---|
| Interest Rate p.a.% | Effective Interest Rate p.a.% | |
| 12 months | 0.60 | 0.60 |
| 24 months | 0.60 | 0.60 |
| 36 months | 0.60 | 0.60 |
| 48 months | 0.60 | 0.61 |
| 60 months | 0.60 | 0.61 |
| 72 months | 0.60 | 0.61 |
| 84 months | 0.60 | 0.61 |
| 96 months | 0.60 | 0.61 |
| 108 months | 0.60 | 0.62 |
| 120 months | 0.60 | 0.62 |
|
Baroda Passbook Savings Account (Without Cheque Book) |
|||
|---|---|---|---|
|
Existing Rate of interest |
Proposed Rate of Interest |
||
|
Account Balance |
Interest Rate |
Account Balance |
Interest Rate |
|
General, Students, NRE |
|
General (SB102), NRE(SB109) & Clubs & Charitable Institutions (SB104) |
|
|
$500/- and <$1,000/- |
0.10%p.a. |
Less than F$1,000 |
NIL |
|
$1,000/- and <$2,000/- |
0.15%p.a. |
F$1,000 upto F$10,000 |
0.10% p.a. |
|
$2,000/- and <$5,000/- |
0.30%p.a. |
F$10,000 upto F$100,000 |
0.30% p.a. |
|
$5,000/- and above |
0.55%p.a. |
F$100,000 & above |
0.40% p.a. |
|
Clubs & Charitable Institutions |
|
Students (SB105) |
|
|
$500/- and <$1,000/- |
0.10%p.a. |
On entire minimum balance of the month |
0.35%p.a. |
|
$1,000/- and <$2,500/- |
0.15%p.a. |
||
|
$2,500/- and <$5,000/- |
0.30%p.a. |
||
|
$5,000/- and <$10,000/- |
0.50%p.a. |
||
|
$10,000/- and above |
0.55%p.a. |
||
|
Baroda Senior Citizen - Passbook & Cheque Book Savings Account |
|||
|---|---|---|---|
|
Existing Rate of interest |
Proposed Rate of Interest (SB106 & SB107) |
||
|
Account Balance |
Interest Rate |
Account Balance |
Interest Rate |
|
$500/- and <$1,000/- |
0.25%p.a. |
On entire minimum balance of the month |
0.35%p.a. |
|
$1,000/- and <$2,500/- |
0.30%p.a. |
||
|
$2,500/- and <$5,000/- |
0.50%p.a. |
||
|
$5,000/- and above |
0.60%p.a. |
||
|
Baroda Cheque Book Savings Account |
|||
|---|---|---|---|
|
Existing Rate of interest |
Proposed Rate of Interest |
||
|
Account Balance |
Interest Rate |
Account Balance |
Interest Rate |
|
General, Students, NRE |
|
General(SB101), NRE(SB108) & Clubs & Charitable Institutions (SB103) |
|
|
$500/- and <$1,000/- |
0.10%p.a. |
Less than F$1,000 |
NIL |
|
$1,000/- and <$2,000/- |
0.15%p.a. |
F$1,000 upto F$10,000 |
0.10% p.a. |
|
$2,000/- and <$5,000/- |
0.30%p.a. |
F$10,000 upto F$100,000 |
0.30% p.a. |
|
$5,000/- and above |
0.55%p.a. |
F$100,000 & above |
0.40% p.a. |
|
Clubs & Charitable Institutions |
|
Students - |
|
|
$500/- and <$1,000/- |
0.10%p.a. |
On entire minimum balance of the month |
0.35%p.a. |
|
$1,000/- and <$2,500/- |
0.15%p.a. |
||
|
$2,500/- and <$5,000/- |
0.30%p.a. |
||
|
$5,000/- and <$10,000/- |
0.50%p.a. |
||
|
$10,000/- and above |
0.55%p.a. |
||
|
Baroda Small Savings Account (SB113) |
|||
|---|---|---|---|
|
Existing Rate of interest |
Proposed Rate of Interest |
||
|
Account Balance |
Interest Rate |
Account Balance |
Interest Rate |
|
All Balances |
0.55%p.a. |
On entire minimum balance of the month |
0.35%p.a. |
|
|
|
|
|
|
Baroda Zero Balance Savings Account (SB112) |
|||
|
Existing Rate of interest |
Proposed Rate of Interest |
||
|
Account Balance |
Interest Rate |
Account Balance |
Interest Rate |
|
All Balances |
0.55%p.a. |
On entire minimum balance of the month |
0.35%p.a. |
|
Baroda Super Saving Bank (BSSB) (SB114) |
|||
|---|---|---|---|
|
Existing Rate of interest |
Proposed Rate of Interest |
||
|
Account Balance |
Interest Rate |
Account Balance |
Interest Rate |
|
All Balances -6- Months (Fixed) |
1.50%p.a. |
On Minimum Balance in the account (except Auto Sweep amount) |
NIL |
|
On Sweep amount to short term deposit maintained for 6 month |
Rate applicable for -6- months time deposit. |
||
Review of Monthly Maintenance Fee on Savings Bank Deposits
- Baroda Passbook Savings Account (without Cheque Book). (SB 102,SB109,SB104)
- Baroda Cheque Book Savings Account (SB101, SB108,SB103)
- Baroda Super Savings Account (SB114)
- Baroda Small Savings Account (SB113)