Flexible and steady, wins the race
Start investing in an RD account with BoB
- Monthly contribution may be as low as P 50 per month or in multiple of P 5. Maximum amount that can be contributed per month is pegged at P 100,000/-
- Earn higher interest on monthly basis on outstanding balance as on the last day of the preceding month.
- Hassel free loan/overdraft facility up to 90% of the deposit amount available. Interest on loan/overdraft will be charged only @ 2% over the deposit interest rate on monthly basis.
- Accounts may be opened by any individual, firm, organization, trust, society.
- Deposit tenure ranges from minimum of 12 months and up to 60 Months in multiple of 3 months.
- Contribution may either be made in cash or transfer from existing accounts with our bank. Customers may also give standing instructions from their account with us without any extra charges/stop order from other bank.
- Interest payment is subject to withholding tax.
- Premature payment in case of exigencies is permitted. Interest will be calculated at 1% below the rate applicable for the period of deposit.
- Monthly minimum contribution as per the original contract should be deposited latest by 7th of the month. No penalty on default in payment of installment. However, interest is not payable for the default month installment.
- No premature payment penalty will be levied in case of the same is reinvested in any other deposit plan of our bank.
- Simple application form.
Interest will be compounded on monthly basis.