What is a desposit account ?
Depositing money at Bank of Baroda - Brussels is a good way to capitalize attractive interest and secure your money.
Flexibility and competitiveness are the two watchwords of our deposit accounts. For this purpose, we offer for varying periods arranged in advance, good rates of interest which will get added to your capital or credited to your current account at the end of the said period.
We offer two kinds of deposit accounts : Call deposit & Time deposit account.
Time deposit : Your capital is placed till maturity date choosen by you in advance. Interest will be credited on maturity date only.
Call deposit : Used principally when you don’t know how long you want to place your capital. You can dispose of your funds with interest when you request disposal of them. Rates of call deposit are always less than a time deposit rate.
We provide also below some other advantages to have a deposit account in Bank of Baroda - Brussels :
- ATTRACTIVE RATE OF INTEREST
- CALL AND TIME DEPOSITS CAN BE MADE IN EURO, USD AND GBP.
- NO NEED TO HAVE A CURRENT ACCOUNT.
- AUTOMATIC ROLLOVER FACILITIES - RENEWAL INSTRUCTIONS NOT REQUIRED EACH TIME.
- TIME DEPOSITS AVAILABLE ON MONTHLY, QUARTERLY, HALF YEARLY AND YEARLY SCHEMES.
How to know which rates are applicable to deposit account ?
Interest rates vary depending on the currency and the tenor of your deposit.
While the rates seen on the website are recently updated rates, you may Contact us by e-mail or over phone for confirmation of the rates.