Short-term decisions for long-term fulfillment
Earn a fixed rate of interest over a period of time
Fixed Deposit Account
This 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.
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Eligibility
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Deposit Amount
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Period
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Rate of Interest
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Special features
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Terms And Conditions
Individuals, business firms, company, association, society etc.
Minimum P500
Maximum No Limit
Minimum 91 days
Maximum 36 month
As applicable for 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
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.
If the entire amount is withdrawn within one month from the date of deposit, no interest will be payable on deposit.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 with the Bank prepayment may be considered with interest @1% below the rate applicable for the period for which the deposit has remained with the Bank.
Need Assistance?
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What is the Fixed Deposit Account at Bank of Baroda in Botswana?
A deposit with a fixed tenure and higher interest rates.
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Who is eligible to open a Fixed Deposit Account at Bank of Baroda in Botswana?
Individuals, firms, companies, governments.
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What are the key benefits of the Fixed Deposit Account at Bank of Baroda in Botswana?
- Higher
- Loan/overdraft up to 90% of deposit
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What is the minimum deposit required to open a Fixed Deposit Account at Bank of Baroda in Botswana?
P500 (or equivalent in other currencies).
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How frequently do I need to make deposits into a Fixed Deposit Account at Bank of Baroda in Botswana?
One-time deposit; no additional deposits required.
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Is the Fixed Deposit Account at Bank of Baroda in Botswana suitable for long-term savings?
Yes, tenures up to 36 months.
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What is the interest rate offered under the Fixed Deposit Account at Bank of Baroda in Botswana?
As per prevailing bank rates (varies by tenure).
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What tenure options are available for a Fixed Deposit Account at Bank of Baroda in Botswana?
3–36 months.
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How is interest calculated and credited for the Fixed Deposit Account at Bank of Baroda in Botswana?
Paid as MIP, QIP, half-yearly, or at maturity.
