bob Square Drive Deposit Scheme

• The product will be called bob Square Drive Deposit Scheme
• The Products will be made available in Retail Term Deposits Schemes only. The present ceiling of Retail Term Deposits is less than Rs. 3.00 Crores only w.e.f. 07.04.2025.
• The product is applicable for all schemes e. General, NRE, and NRO and Non - Callable and with all the -3- interest options (RIRD, MIP & QIP for above 1 Year period only) (No new Scheme Code has been created for the said Slab and will be applicable based on the number of days in the TD Accounts).
• Super / Senior Citizen Preferential Rate is applicable only for Resident Indian Super / Senior Citizen.
• Super Senior Citizen category customers aged 80 years & above, will be getting 10 bps additional interest on top of the senior citizen rate for term deposits.
• For bob Advantage (Non-Callable) Fixed Deposit (Domestic) Accounts - minimum amount is Above Rs. 1.00 Crores and Maximum amount is below Rs 3.00 Crore for [Fresh & Renewal] i.e. non-callable additional 5bps over Callable Rates.
• All other terms & conditions applicable to Term Deposits except Rate of interest & period remain same for “ bob Square Drive Deposit Scheme.

• An individual in his own name.
• Jointly by more than one individuals.
• In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.

Rate of Interest for “bob Square Drive Deposit Scheme” will be applicable as under

• Sr. Citizen and Super Senior Citizen Preferential Rate is applicable only for Residents and ROI for Staff & Senior Citizen Staff as per existing guidelines.
• For bob Advantage (Non-Callable) Fixed Deposit (Domestic) Accounts - minimum amount is Above Rs. 1.00 Crores and Maximum amount is below Rs 3.00 Crore for [Fresh & Renewal] i.e. non-callable additional 5bps over Callable Rates.
• All other terms & conditions applicable to Term Deposits except Rate of interest & period remain same for bob Square Drive Deposit Scheme also.

• As per existing terms for FDR All documents applicable to 'Fixed Deposits' will apply.

• Accepted as security by Government departments & as margin for non-fund based activities subject to their acceptance.
• Eligibility norms and all other instructions applicable to 'Fixed Deposits' will apply.