Special Term Deposit Product introduced

for 399 Days.

  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Most Important Terms and Conditions (MITC)

bob Tiranga Plus Deposit Scheme : Benefits

ROI( % p.a.) w.e.f. 30.10.2023
Callable
Non-Callable
Tenors General/NRE/NRO Senior Citizen* General/NRE/NRO Senior Citizen*
399 Days 7.15 7.65* 7.30## 7.80*

* Senior Citizen Preferential Rate(Additional ROI 0.50%) is applicable only for "Resident Indian Sr. Citizen" , ## additional ROI for non-callable deposit under Tiranga Plus (399 days) is 0.15%.

bob Tiranga Plus Deposit Scheme : Features

  • Product will be called “bob Tiranga Plus Deposit Scheme and will be available through all the branches.
  • Product is applicable for all schemes i.e. General, NRE, NRO and Non-Callable and with all the -3- interest options (RIRD, MIP & QIP) (scheme codes are mentioned in the attached annexure - II).
  • Product is available for 399 Days and accounts to be opened in the Scheme codes as provided in the Annexure – II.
  • Sr. Citizen Preferential Rate is applicable only for “Resident Indian Sr. Citizen”.
  • ROI for Staff & Senior Citizen Staff as per existing guidelines.
  • For bob Advantage Fixed Deposit (Domestic) Accounts with minimum RS. 1,00,01,000 to below Rs 2.00 Crore for [Fresh & Renewal] i.e. Non-Callable additional 25bps over Callable Rates as mentioned above for deposits of period 1 Year & Above.
  • All other terms & conditions applicable to Term Deposits except Rate of interest & period remain same for bob Tiranga Deposit Plus Scheme
  • This is a Special Term Deposit Product introduced for 399 Days for Domestic Term Deposits including NRE / NRO / Staff/ Senior Citizen & Senior Citizen Retired Staff and Non-Callable Deposits.
  • Minimum deposit amount Rs 1,000/- (and further in multiple of Rs. 1/-) for Callable Deposits & RS. 1,00,01,000 for Non-Callable Deposits.
  • Tenor of Deposit is 399 Days.
  • Nomination facility will be available.

bob Tiranga Plus 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 Tiranga Plus Deposit Scheme : Document Required

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

bob Tiranga Plus 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.

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