Baroda Annual Deposit
A Baroda Annual Deposit enables customers to avail annual interest payout facility. Thus, Baroda Annual offers a mix of attractive returns on long term deposits and liquidity for meeting one-off annual expenses.
- Minimum deposit required is NZ $1000. However, there is no maximum ceiling for Baroda Monthly.
- Customers may fix their deposits from 1 to 3 years.
- Rate of interest depends on the amount of the deposit and the maturity period.
- Interest will be paid annually after the date of the initial deposit and will be credited to the customer’s respective operative account. Tax, if applicable, will be deducted as per tax norms.
- Overdrafts or loans secured against the deposit are offered on demand for up to 90% of deposit amount.
- Payment of the deposit prior to the maturity date is permitted, with the Bank’s consent. However, in such cases a lesser rate of interest will be paid (see Fees and Charges below).
- Automatic renewal of the deposit.
- Facility to view account balance & transactions over Internet.
Fees and Charges
- Where the deposit is paid to the customer prior to the maturity date, interest will be paid at 1% per annum below the applicable rate for the actual period the deposit was kept with the Bank.
- Our fees and charges are subject to change from time to time. For all charges please see our service charges.