How to Open an RD Account in Bank of Baroda?
Individuals can open an Bank of Baroda Recurring Deposit account.
1. Offline Process
Collect all of the documentation required for opening an Bank of Baroda RD account and go to a local bank to request the intimation procedure. Throughout the application process, you will be assisted by an Bank of Baroda representative. It is advised that you bring photocopies of your documentation with you.
2. By Net Banking
- Go to the official website of Bank of Baroda.
- Hover over the ‘Login’ button at the top of the page. Select ‘Login’ from Internet Banking’s ‘Personal’ section.
- Select “Create Recurring Deposit.”
- Complete the form with the depositor’s and nominee’s details, if suitable.
- Once confirmed, the deposit amount will be deducted from the customer’s savings account, and a receipt will be emailed (for those who have registered for e-statement) or sent to the customer via post.
3. By Mobile Banking
- Open Bank of Baroda Mobile, the bank’s mobile application.
- Click on the ‘Open RD’ button.
- Upon confirmation, the chosen amount will be deducted from the associated savings account and an RD account will be opened promptly.
If you have opted for an e-statement, you will receive a confirmation email; otherwise, a physical statement will be sent to you.
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)