Put aside a fixed amount every month

Start investing in an RD account with BoB

Baroda Recurring Deposit

A unique product developed for the customer who wishes to contribute small savings every month for larger future requirements.You may contribute as small amount as NZ$ 50 per month which earns good return every month and on maturity the whole savings may either be reinvested or utilized.

Key Features
Fees and Charges
Terms & Conditions

Start with just NZD 50 – Monthly fixed contributions can begin at NZ$50, in multiples of NZ$10, up to a maximum of NZ$10,000.
Earn Higher Monthly Interest – Interest is calculated on the outstanding balance as at the last day of the preceding month.
Enjoy Hassle-Free Loan Access – Get a loan or overdraft facility of up to 90% of your deposit amount, with interest charged at just 1% p.a. over your deposit rate, calculated monthly.
Pay by the 7th Each Month – Monthly minimum contribution, as per the original contract, must be deposited by the 7th of each month.
Flexible Tenure Options – Deposit tenure ranges from a minimum of 12 months up to 60 months, in multiples of 3 months.
Open to All – Accounts can be opened by individuals, firms, organizations, trusts, and societies.
Tax Compliant and Transparent – Interest is subject to tax deduction as per New Zealand’s tax norms.
Easy Contribution Setup – Give standing instructions from your account with us at no extra cost, or set up stop orders from another bank.
24/7 Online Access to Your Deposit – View your account balance and transactions anytime, anywhere through secure internet banking and Mobile Application.
Benefit from One of the Best Rates in the Market – Your fixed deposit deserves the highest possible return – we deliver just that.
Withdraw Before Maturity – Early withdrawal is allowed with the Bank’s consent; a lower interest rate will apply.
No Premature Payment Penalty – No penalty will be charged if the amount is reinvested in another deposit plan with our bank.
Click here to Check Current Interest Rates.

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. Click here to know the latest service charges