Eligibility Criteria to Start RD Account with Bank of Baroda
1. The person applying must be an Indian resident or a member of a HUF (Hindu Undivided Family).
2. NRIs can open an RD account using their NRO or NRE accounts.
3. A minor can open an Bank of Baroda RD account under parental guardianship to look after your funds.
Bank of Baroda RD Interest Rates 2024
The recurring deposit of Bank of Baroda is one of the bank’s most popular schemes, allowing customers to save a portion of their monthly income and reap benefits over the years. Bank of Baroda was founded on July 20, 1908, by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, and nationalized on July 19, 1969. It is presently India’s third-largest public sector bank. The attractive BOB RD interest rates along with additional surplus benefits, make it profitable to invest in BOB RD. A recurring deposit (RD) account with the Bank of Baroda can be opened for a tenure of 6 months to ten years. General citizens can open a Recurring Deposit account with the bank and earn interest ranging from 4.30% p.a. to 5.75% p.a . Citizens above the age of 60 are granted an extra interest rate of 0.50% on all tenures.
Table of Content
- Bank of Baroda RD Interest Rates 2024
- Features of Bank of Baroda Recurring Deposit
- How to Open an RD Account in Bank of Baroda?
- How to Calculate RD Interest Rates in Bank of Baroda?
- Eligibility Criteria to Start RD Account with Bank of Baroda
- Documents Required for Starting an RD Account
- Types of Bank of Baroda RD Accounts
- Bank of Baroda RD Premature Withdrawal Rules
- Frequently Asked Questions (FAQs)