bob Square Drive Deposit Scheme

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bob Square Drive Deposit is a 444-day term deposit scheme that offers interest rates of 7.15% p.a. for the general public, 7.65% p.a. for senior citizens, 7.75% p.a. for super senior citizens (aged 80 years & above) and up to 7.80% p.a. on Non-Callable Deposits.

Benefits
Features
Eligibility Criteria
Rate of Interest
Document Required
Most Important Terms and Conditions (MITC)

bob Square Drive Deposit Scheme : Benefits

bob Square Drive Deposit Scheme w.e.f. 07.04.2025
	Callable			Non-Callable (Deposits above Rs 1 crore to less than Rs 3 crore)
Tenor	Residents/General Public/NRO/NRE	Resident Senior Citizens	Resident Super Senior Citizen	Residents/General Public/NRO/NRE	Resident Senior Citizens	Resident Super Senior Citizen
444 Days	7.15% p.a.	7.65% p.a. (7.15 + 0.50)	7.75% p.a. (7.15+0.50+0.10)	7.20% p.a. (7.15 + 0.05)	7.70% p.a. (7.15 + 0.05 + 0.50)	7.80% p.a. (7.15 + 0.05 + 0.50 + 0.10)

Note : "T&C Apply"

bob Square Drive Deposit Scheme : Features

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).
Citizen Preferential Rate is applicable only for Resident Indian Sr. 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.

bob Square Drive Deposit Scheme : Eligibility Criteria

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.

bob Square Drive Deposit Scheme : Rate of Interest

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

Type of Deposits	Tenors	444 Days
Callable	General / NRE / NRO	7.15%
		Applicable ROI	Bifurcation of ROI
	Senior Citizen*	7.65%	7.15+0.50
	Super Senior Citizen*	7.75%	7.15+0.50+0.10
Non-Callable	General / NRE / NRO	7.20%	7.15+0.05
	Senior Citizen*	7.70%	7.15+0.05+0.50
	Super Senior Citizen*	7.80%	7.15+0.05+0.50+0.10

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.

bob Square Drive Deposit Scheme : Document Required

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

bob Square Drive Deposit Scheme : Most Important Terms and Conditions (MITC)

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.