Secure Your Money And Watch It To Grow Too!

  • Benefits
  • Features
  • Terms and Conditions
Particulars Key Features
Eligibility NRIs/PIOs/OCIs are eligible to open and maintain these accounts singly or jointly. Joint account with Resident close relative may allow with the payment conditions of “Former or Survivor”
Currency USD / EUR / GBP or Any other Freely Convertible currency acceptable to IBU.
Minimum Deposit Amount USD 1.000 Mn or Equivalent in Other Currency (Per customer)
Maximum Amount of Deposit No upper Limit.
Period of Deposit Minimum – 12 months Maximum – 60 months
Repatriation Repatriation of funds permitted freely in any Convertible Currency
Rate of Interest Please “Click Here”  
Nomination facility Available
TAX Deduction at Source No TDS on Interest Amount
Availability of Loan/ Overdraft Loan and overdraft limits are granted against lien of deposit receipts.
Negotiable Not negotiable nor transferable
Auto Renewal of Term Deposits In absence of any instructions from the depositor to the contrary, the deposit shall be automatically renewed for 1 year period.  
Premature Withdrawal ·       For any premature withdrawal before completion of one year from date of deposit /Auto renewal date, no interest will be payable. ·       In case of any part closure or premature withdrawal, IBU shall pay the customer the rate of interest at the card rate prevailing on the date of deposit or the  prevailing card rate, whichever is lower on the partially withdrawn amount.  The interest shall be paid upto the period the deposit was placed with IBU on the amount partially withdrawn. The remaining portion of deposit with IBU shall continue to attract the original rate which was provided at the time of opening of deposit. ·       In case of complete pre-closer of deposit, IBU may charge premature penalty @ 0.25% p.a. on prevalent time deposit rate for corresponding period, whichever is lower.
  • Advance against Deposits: Loan and overdraft limits are granted against lien of deposit receipts.
  • Interest certificate available at request of customer
  • Mode of Payment: Maturity proceeds are credited to the SB/ CA account of the customer.
  • Telecommunication Mandate Facility available.

We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.

The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.

Proceed to the website

Thank you for visiting