bob Utsav Deposit Scheme

ROI(% p.a.) w.e.f. 14.10.2024

• Senior Citizen and Super Senior Citizens Preferential Rate is applicable only for “Resident Indian Sr. Citizen and Super Senior Citizens (aged 80 and Above)”.

• The product will be called – “bob Utsav Deposit Scheme”.
• The Products will be made available in Retail Term Deposits Schemes i.e. deposits less than Rs. 3.00 Crores only.
• The product is applicable for all schemes e. General, NRE, 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 Citizen and Super Senior Citizens Preferential Rate is applicable only for “Resident Indian Sr. Citizen and Resident Super Senior Citizens (aged 80 and Above)” and not available to NRE, NRO, Non-Individuals and Capital Gain Term Deposits Accounts.
• 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
• All other terms & conditions applicable to Term Deposits (except Rate of interest & period) remain same for bob Utsav Deposit Scheme also.

• 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.

• 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.