Bank of Baroda Double Dhamaka Fixed Deposit Scheme

Bank of Baroda is offering the customers with a fixed deposit scheme where it promises a double return on their investments. The fixed deposit schemes guarantee attractive returns on the investments made and all you have to do is find an appropriate tenure with a fixed interest rate and invest. Both the regular citizens and the senior citizens can avail the benefits of Double Dhamaka Fixed Deposit Scheme.

Bank of Baroda Double Dhamaka Fixed Deposit Scheme Eligibility Criteria:

Single Account (single individual)
Joint Account (two or more individuals)
Minors
Joint stock companies
Educational institutions
Clubs, Partnerships, etc
Regular citizens as well as senior citizens can invest

Bank of Baroda Double Dhamaka Fixed Deposit Scheme Features:

Account Type	Joint and Single
Amount	Minimum amount: Rs.5,000/- Maximum amount: Less than Rs.1 crore
Rate of Interest	Maximum: 8.00% Minimum: 7.50%
Period	Minimum (for senior citizens): 8 Years 9 months and 3 days Maximum (for regular citizen): 9 Years and 4 months
TDS	Based on the interest amount, TDS will be deducted
Loan against Baroda Double Dhamaka Fixed Deposit Scheme	It is permitted at 1.5% for up to 95% outstanding balance
Nomination (if any)	Nomination facility is available under Double Dhamaka Fixed Deposit Scheme
Auto Renewals	N.A.

Bank of Baroda Double Dhamaka Fixed Deposit Scheme Interest Rates;

Maturity range	Interest rate
For Regular Citizens:	7.50%
For Senior Citizens:	8.00%

Kindly Note: The interest rates provided by the bank are prone to change without giving any prior notification.