Investments and Deposit

Park your lump sum amount in an BBD Term Deposit and avail of features like guaranteed returns, choice of interest pay-out, liquidity through OD or premature withdrawal.
Invest today through Online-BBD or by visiting your nearest branch.

Features

1. Minimum period of deposit – 7 days
2. Maximum period of deposit- 10 Years
3. Minimum deposit amount Rs. 1,000/-
4. Maximum deposit amount: No Upper Limit
5. A deposit of Rs. 2 crore and more is classified as bulk deposit
6. Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.
7. Nomination available in favour of individual only
8. TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules.

Most important Terms and Conditions

1. Interest can be paid on monthly intervals on discounted rate.
2. Interest can also be paid at Calendar quarter basis.
3. TDS at prevalent Income tax rate is deducted if Form 15G/15H not submitted.