Deposits interest rates are implemented with effect from 21.06.2024.

91 DAYS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD114	ON MATURITY	1.25	1.26
P500000	Above	TD114	ON MATURITY	NEGOTIABLE

3 MONTH TO BELOW 6 MONTHS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD114	ON MATURITY	1.25	1.26
P500000	Above	TD114	ON MATURITY	NEGOTIABLE

6 MONTHS TO BELOW 12 MONTHS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD112	FD-MIP	1.50	1.51
P500	P499999	TD113	FD-QIP	1.50	1.51
P500	P499999	TD114	ON MATURITY	1.50	1.51
P500	P499999	TD116	FD-RIRD	1.50	1.51
P500000	Above			NEGOTIABLE

12 MONTHS TO BELOW 17 MONTHS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD112	FD-MIP	3.75	3.82
P500	P499999	TD113	FD-QIP	3.75	3.82
P500	P499999	TD114	YEARLY	3.75	3.82
P500	P499999	TD116	FD-RIRD	3.75	3.82
P500000	Above			NEGOTIABLE

18 MONTHS TO BELOW 24 MONTHS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD112	FD-MIP	3.75	3.82
P500	P499999	TD113	FD-QIP	3.75	3.82
P500	P499999	TD114	ON MATURITY	3.75	3.82
P500	P499999	TD116	FD-RIRD	3.75	3.82
P500000	Above			NEGOTIABLE

24 MONTH TO BELOW 36 MONTHS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD112	FD-MIP	4.00	4.07
P500	P499999	TD113	FD-QIP	4.00	4.07
P500	P499999	TD114	YEARLY	4.00	4.07
P500	P499999	TD116	FD-RIRD	4.00	4.07
P500000	Above			NEGOTIABLE

36 MONTHS			Payable	New Rates
				Rates%	Annual Yield%
From	To
P500	P499999	TD112	FD-MIP	4.25	4.33
P500	P499999	TD113	FD-QIP	4.25	4.33
P500	P499999	TD114	YEARLY	4.25	4.33
P500	P499999	TD116	FD-RIRD	4.25	4.33
P500000	Above			NEGOTIABLE

SAVING BANK DEPOSIT (AMOUNT IN PULA	Payable	New Rates
		Rates%	Annual Yield%
UPTO 2500		No Interest
2501 TO 25000	Monthly	0.25	0.25
25001 TO 50000	Monthly	0.75	0.75
50001 AND ABOVE	Monthly	1.75	1.79

PREMIUM SAVING BANK ACCOUNT (AMOUNT IN PULA)	Payable	New Rates
		Rates%	Annual Yield%
UPTO 2500		No Interest
2501 TO 25000	Quarterly	0.25	0.25
25001 TO 50000	Quarterly	0.75	0.75
50001 AND ABOVE	Quarterly	1.75	1.79
100001 AND ABOVE	Quarterly	2.00	2.02

	(AMOUNT IN PULA)	Payable	New Rates
			Rates%	Annual Yield%
CALL DEPOSIT	>P10000 and <=P1Mlo	Monthly	0.25	0.25
	>P1Mlo and<=P5Mlo	Monthly	0.75	0.75
	>P5Mlo	Monthly	1.00	1.01

RECURRING DEPOSIT (MOTSWEDI) SCHEME	Payable	New Rates
		Rates%	Annual Yield%
UPTO 12 Months	Monthly	1.50	1.51
OVER 12 Months TO 24 Months	Monthly	3.75	3.82
OVER 24 Months TO 36 Months	Monthly	4.00	4.07
OVER 36Months	Monthly	4.25	4.33

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PRIME RATE: 6.26% with effect from 13.06.2024 based on Monetary Policy declared by Bank of Botswana dated 13.06.2024.

ZAR		Payable	New Rates
CALL DEPOSIT	>P500,000 and <=1 Million	Annually	0.50
	>Above P1 Million	Annually	1.00

ZAR		Payable		New Rates
FIXED DEPOSIT
6 Months and less than 1 year	Amount minimum P1 Million and above	Annually		1.75
1 year and above	Amount minimum P1 Million and above	Annually		2.75

USD
CALL DEPOSIT	No fixed rate
FIXED DEPOSIT:		New Rates	New Rates	New Rates
From	To	3 Months	6 Months	12 Months and above
0.00	4999	0.00	0.00	0.00
5000	99999	0.20	0.45	0.70
100000 and above		0.25	0.50	0.75

NB: For AUD currency customers are notified that we are not offering any interest rate on the same.  In summary Terms Deposits Rates are as below.

TERM DEPOSIT IN PULA	Payable	New Rates
		Rates%	Annual Yield%
Tenor below 6 Months	Monthly	1.25	1.26
6 months to below 12 months	Monthly	1.50	1.51
12 months to below 24 months	Monthly	3.75	3.82
24 months to below 36 months	Monthly	4.00	4.07
36 Months	Monthly	4.25	4.33

New Baroda Prime Lending Rate (BPLR) effective 13^th June 2024 is 6.26% p.a. and the new Prime Lending Rate (PLR) effective 13^th June 2024 is 6.25% p.a.

 

Product	Rate of Interest
Home Loan	Tenor/ Period of Loan Revised Rates from 13.06.2024 Up to 10 years 4.25% above BPLR Above 10 years up to 15 years 4.75% above BPLR Above 15 years 5.25% above BPLR
Vehicle Loan/ Car Loan	Tenor/ Period of Loan Revised Rates from 13.06.2024 Up to 4 years 3.75% above BPLR Above 4 years 4.25% above BPLR
Personal Loan	Scheme Revised Rate from 13.06.2024 Under Special Scheme/Arrangement with Different Companies As per the Approved scheme/arrangement Others 8.25% above BPLR
Loan/ Overdraft against Property	Revised Rate from 13.06.2024 5.25% above BPLR
Commercial/ Business Loan	(Credit rating as per Banks Internal Model) Credit Rating Revised Rate from 13.06.2024 AAA 4.25% above BPLR AA 5.25% above BPLR A 5.75% above BPLR BBB 6.50% above BPLR BB 8.00% above BPLR B 9.00% above BPLR C 10.00% above BPLR   Note: For New Accounts, Rate of Interest to be 5.25% above Baroda Prime Lending Rate (BPLR) or Rate as per credit rating whichever is higher.

   

Contacts:

Head office: Old Nokia, G-west, Gaborone, Ph: 3992700, Email: ho.botswana@bankofbaroda.com.

Gaborone Branch: Main Mall, Gaborone, Ph: 3188878, email: gaborone@bankofbaroda.com.

G-West Branch: Kamoshungo Road, Gaborone, Ph: 3992705, Email: gwesbo@bankofbaroda.com. 

Francistown Branch: Haskins Building, Francistown, Ph: 2413440, Email: francistown@bankofbaroda.com. 

Palapye Branch: Madiba Complex, Palapye, Ph: 4920041, Email: palapye@bankofbaroda.com.