The Baroda Central Co-Operative Bank Ltd.

What is Fixed Deposit ?

A fixed deposit is for investors who want to deposit a lump sum for a fixed period, ranging from 15 days to 10 years.
It offers a higher rate of interest compared to regular savings accounts.
At maturity, the investor receives a lump sum, including both principal and interest.
Fixed deposits are one of the most common savings schemes for average investors.
Banks offer facilities such as:
- Overdraft (loan) facility on the deposit amount.
- Premature withdrawal before maturity (which may involve a loss of interest).
Bank deposits are relatively safe as banks operate under the control of the Reserve Bank of India.

Bank deposits are the safest investment after Post Office savings.
All bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India.
It is possible to get a loan of up to 85% of the deposit amount against fixed deposit receipts.
The interest charged on the loan will be 1.00% more than the interest earned by the depositors.
TDS (Tax Deducted at Source) is applicable on interest exceeding Rs.10,000/-.
To avoid TDS, banks may have a policy to make depositors nominal members.
Our bank offers simple Fixed Deposits at very competitive interest rates.
You can deposit an amount of more than Rs.5,000/- for 365 days or more.
In a Fixed Deposit, interest can be transferred to your existing savings account on a quarterly basis.

Savings Deposit Rate: 3.0%

recurring deposit rates applicable as per term deposit rates

Sr No.	TERM OF DEPOSIT	RATE OF INTEREST
		For Individual/ Local Authority/ Co-operative Societies/ Trust	For Senior Citizen	For Urban Bank
1	15 - 45 Days	3.00	3.00	3.00
2	46 - 90 Days	4.50	4.50	4.50
3	91 - 179 Days	4.60	4.60	4.60
4	180 - 364 Days	5.35	5.35	5.35
5	1 Yr (365 Days)	7.10	7.60	7.10
6	1 Yr < 2 Yr (365 - 729 Days)	7.10	7.60	7.10
7	2 Yr < 3 Yr (730 - 1094 Days)	7.20	7.70	7.20
8	3 Yr < 5 Yr (1095 - 1824 Days)	7.15	7.65	7.15
9	5 Yr - 10 Yr	6.50	7.00	6.50

Senior citizens (i.e., those aged 60 years or more) will continue to get a 0.50% higher interest rate on deposits.
Staff members will continue to get 1% additional interest on fixed deposits.
Each depositor in a bank is insured up to a maximum of ₹5,00,000 (Rupees Five Lakh) for both principal and interest under the Deposit Insurance & Credit Guarantee Scheme of India.