Deposit

Deposit

Bank of Baroda (Botswana) Ltd offers various deposit plans that you can choose from depending on the term period, nature of deposit and its unique saving and withdrawal features.

Apart from competitive interest rates and convenient withdrawal options, our deposit plans offer other features such as cheque book facility in all current accounts and Saving products, sweep in and sweep out from current to call and vice versa , accounts of individuals etc.

Select from following products:

Fixed Deposit AccountThis product is available for the deposit holders to keep fixed sum of money for a definite period of time at a fixed rate of interest

  • Eligibility:
    Individuals, business firms, company, association, society etc.
  • Deposit amount:
    Minimum P500
    Maximum No Limit
  • Period :
    Minimum 1 month
    Maximum 36 month
  • Rate of interest:
    As applicable in deposit rates for one month and other periodic slots from time to time.
  • Prepayment facility is available. Rate of interest on prepayment will be 1%less than the applicable rate for the terms of deposit remained with the bank
  • Overdraft/ loan facility Interest rate
    Available
    – Up to 90% of the deposit amount
    – 2% over the deposit rate of interest applicable
  • Special features:
    1. Deposit can be renewed with interest on due date.
    2. The principal amount of deposit can be renewed and interest is paid separately to the customer
    3. The principal amount and interest due thereon will be paid to the customer on due date.
    4. Special rates for deposits of P0.5 mn and above.
    5. No cash deposit fee
  • Other terms and conditions:
    If the entire amount is withdrawn within one month from the date of deposit, no interest will be payable on deposit. However, if the deposit remains for a period exceeding one month prepayment may be considered with interest @1% below the rate applicable for the period for which the deposit has remained with the Bank.
CONTACT

Current AccountCurrent Deposit product is ideal for firm, companies, institutions, HUF, individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.

  • Eligibility:
    Individual business firm, company, associations, society etc.
  • Deposit amount:
    Minimum P3000
    Maximum No Limit
  • Interest:
    No interest is payable in the A/C
  • Cheque Book Facility:
    Available
  • Overdraft/ loan facility:
    Overdraft facility available by arrangement
  • Special features:
    1. Any number of debits and credits are allowed in the account
    2. Debits in the account will be allowed without service fees which are related to business or personal loans availed from the Bank and also transfer of funds from one account to another account maintained within Bank of Baroda (Botswana) ltd of the same customer or any other customer.
  • Sweep in Sweep out facilities:
    If the entire amount is withdrawn within one month from the date of deposit, no interest will be payable on deposit. However, if the deposit remains for a period exceeding one month prepayment may be considered with interest @1% below the rate applicable for the period for which the deposit has remained with the Bank.
  • Service Charges:
    As declared by the Bank from time to time
CONTACT

Call AccountThis product is designed for the deposit holders to enable them to deposit funds earn interest, maintain liquidity withdrawal fund as and when needed

  • Eligibility:
    Individuals, business firms, company, corporate, association, society etc.
  • Deposit amount:
    Minimum P1000
    Maximum No Limit
  • Period:
    No minimum or maximum period is stipulated
  • Rate of interest Rests:
    Interest is paid on the outstanding balance in the account on daily basis and is paid on monthly intervals. However, balance less than P1000 does not attract interest
  • Special features:
    1. The customer can deposit money at any time.
    2. Withdrawals can be made in multiples of P 1000.
    3. No interest is payable if the balance in the account goes below P 1000 at the end of any day during the month.
    4. Special rates for deposit amount P0.50 mn and above.
CONTACT

Privilege CurrentA unique deposit product for business customers specially tailor made looking to customer’s requirements with added advantages. Customers having Privilege Current account save a lot on various charges and also earn interest.

  • Key benefits:
    1. Free statement of account twice in a month.
    2. Free signature verification once in three months.
    3. Nil folio charges.
    4. Free transfer of funds from one account to another account of same branch or other branch within Bank of Baroda (Botswana) Ltd & concession in transfer of salary payment.
    5. Free transfer of funds through EFT/RTGS from other banks in Botswana.
    6. Free/Concession in cash transaction charges.
    7. Sweep in/Sweep out facility available from Current to Call account and vice versa.
    8. Free net banking facility.
    9. Standing instructions facility available
  • Eligibility:
    Above account can be opened by any individual, firms, companies, trusts, associations, Clubs, societies.
  • Concession in Cash transaction charges:
    1. If minimum balance is maintained BWP 50,000 & above: 50% concession of applicable rate on both for Cash deposit and Cash payment.
    2. If minimum balance is maintained BWP 100,000 & above: 100% concession on cash transaction charges both for cash deposit and cash payment.
  • Sweep in/Sweep out facility:
    Sweep in/Sweep out facility is available on balance above BWP 50,000 or BWP 100,000 as per customers requests depending on whether he wishes to avail 50% concession or 100% concession in Cash transaction charges. Customer will earn interest as applicable for Call account. Present rate of interest in Call account is 4.0%p.a.
  • Other Charges:
    Other charges remain as per tariff for normal Current account.
  • Please click here to download the application form and other documents
CONTACT