BARODA GUJARAT GRAMIN BANK       REACHING TO UNREACHED.....
Deposit Schemes
CURRENT DEPOSIT

Sr. No.

Current Deposit

   
Target Group

Traders, Businessmen, Minors over 14yrs, Corporate, HUF, Trusts, Proprietorship/Partnership Firm, Private/Public Ltd., companies, Clubs, Associations, Societies, Individuals, Scheduled/ Co-operative Banks etc..

Purpose

When every Day Number of Deposits/withdrawals are too many and an overdraft facility is required to meet business requirement.

Minimum Amount

  • Rs.1000/- for Rural/Semi Urban centers. (for individuals and others)
  • Rs.2000/- for individual at  urban center
  • Rs.3000/- for others at Urban centers

Minimum/ Maximum period

No minimum and maximum period

Rate of interest

NA

REPAYMENT PERIOD

36 Equated Monthly Installment.

 

Prepayment Overdraft/Loan facility interest rate

Facility of overdraft / Loan as per bank’s extant  guidelines

Cheque Book facility

Available

Convenient features

  • Easy to operate.
  • Minimum formalities (hassle free) while opening of an account.
  • No restrictions on number and amount of withdrawals.
  • Allows execution of your Standing Instructions.

Easy Access features

  • Facility for collection of cheques.

  • Access to other facilities, viz. collection of cheques, remittances, lockers etc.

SHORT DEPOSIT

TERM DEPOSITS:

Sr. No.

Short  Deposit

   
Target Group

Individual, Traders, HUF, Corporates, Voluntary Orgns, Minors, Sole Proprietorship/ Partnership Firm etc.

Purpose

An ideal option for all transitory savings to meet the requirements

Minimum Amount

Mini. Deposit amount of Rs.100/-

Minimum/ Maximum period

From a min. period of 15 days to a maxi. Period of less than 12 months

Rate of interest

Rests

Depending upon the maturity period with quarterly rests or on maturity

Prepayment Overdraft/Loan facility interest rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the bank. In case of prepayment before 45 days no interest will be paid. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

Cheque Book facility

     NA

Convenient features

Easy to liquidate

Easy Access features

Accepted as a security by Govt. Deptt.

Other special features

Nomination facility available. In case of individual & sole proprietorship accounts only.

Higher yield than Saving Bank deposit/ current Deposit

FIXED DEPOSIT

Sr. No.

Fixed  Deposit

   
Target Group

Individuals, Salaried class, Traders, NRIs, Businessmen, HUF, professionals, Pensioners, Corporates, Charitable Trusts, Educational Institutions and Voluntary Orgn. Etc.

Purpose

For long term Savings investment. Longer the period higher the yield.

Minimum Amount

Mini. Deposit amount of Rs.100/-

Minimum/ Maximum period

From a min. period of 12 months to a maxi. Period of 120 months.

Rate of interest

Rests

Depending upon the maturity period with half yearly rests.

Prepayment Overdraft/Loan facility interest rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the bank. In case of prepayment before 45 days no interest will be paid. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

Cheque Book facility

     NA

Convenient features

Easy to liquidate.

Easy transfer of accounts from one branch to any other branch of the bank.

Easy Access features

Accepted as a security by Govt. Deptt.

Accepted as margin for Non-fund based facilities.
Other special features

Nomination facility available. In case of individual & sole proprietorship accounts only.

Higher yield than Saving Bank deposit/ current Deposit

REGULAR INCOME PLAN

REGULAR INCOME PLAN

Sr. No.

Regular Income Plan

1

Target Group

Individuals, Salaried class, Traders, NRIs, Businessmen, HUF, professionals, Pensioners, Corporates, Charitable Trusts, Educational Institutions, and Voluntary Orgn. Etc.

2

Purpose

A regular income with the corpus remaining intact

3

Minimum Amount

Mini. Deposit amount of Rs.100/-

4

Minimum / Maximum period

From a min. period of 12 months to a maxi. Period of 120 months.

5

Rate of interest

Rests

Depending upon the maturity period with quarterly rests

6

Prepayment

 

 

 

 

 

 

Overdraft/Loan facility interest rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the bank. In case of prepayment before 45 days no interest will be paid. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

7

Cheque Book facility

     NA

8

Convenient features

Easy to liquidity.
Easy transfer of accounts from one branch to any other branch of the bank.

9

Easy Access features

Regular payment of quarterly interest by automatic credit to the S.B. A/c / Current |A/c. execution of Standing instructions linked to interest payment (quarterly). Accepted as a security by Govt. deptt.
Accepted as margin for Non fund based facilities.

10

Other special features

Nomination facility available. In case of individual & sole proprietorship accounts only.

Higher yield than Short Deposit.

MONTHLY INCOME PLAN

MONTHLY INCOME PLAN

Sr. No.

Monthly Income Plan

1

Target Group

Individuals, Salaried class, Traders, NRIs, Businessmen, HUF, professionals, Pensioners, Corporates, Charitable Trusts, Educational Institutions, and Voluntary Orgn. Etc.

2

Purpose

A regular income with the corpus remaining intact

3

Minimum Amount

Mini. Deposit amount of Rs.100/-

4

Minimum / Maximum period

From a min. period of 12 months to a maxi. Period of 120 months.

5

Rate of interest

Rests

Depending upon the maturity period with half yearly rests.

6

Prepayment

Overdraft/Loan facility interest rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the bank. In case of prepayment before 45 days no interest will be paid. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

7

Cheque Book facility

     NA

8

Convenient features

Easy to liquidity.
Easy transfer of accounts from one branch to any other branch of the bank.

9

Easy Access features

Regular payment of monthly interest by automatic credit to the S.B. A/c / Current |A/c. execution of Standing instructions linked to interest payment (monthly). Accepted as a security by Govt. deptt.

Accepted as margin for Non fund based facilities.

10

Other special features

Nomination facility available. In case of individual & sole proprietorship accounts only.

Higher yield than Short Deposit.

REGULAR INCOME- RECURRING DEPOSIT

REGULAR INCOME- RECURRING DEPOSIT

 

1

Target Group

Individuals, Salaried class, Traders, NRIs, Businessmen, HUF, professionals, Pensioners, Corporate, Charitable Trusts, Educational Institutions, and Voluntary Orgn. Etc.

2

Purpose

FOR LONG TERM SAVINGS INVESTMENT. LONGER THE PERIOD HIGHER THE YIELD.

3

Minimum Amount

Minimum deposit amount of Rs.100/- .

4

Minimum/Maximum Period

From a minimum period of 12 months to a maximum period of 120 months.

5

Rate of Interest/Rests

Depending upon the maturity period compounded quarterly & credited to the account. Pl. refer to the extant guidelines in respect of interest rates.

6

Prepayment

 

 

 

Overdraft/loan facility/interest rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the bank. In case of prepayment before 45 days no interest will be paid. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

7

Cheque Book Facility

N.A.

8

Convenience Features

Easy liquidity.
Easy transfer of accounts from one branch to any other branch of the bank.

9

Easy Access Features

Accepted as a Security by Govt. Deptt.
Accepted as margin for Non fund based facilities.

10

Other Special Features

Nomination facility available. In case of individual & sole proprietorship accounts only.

Higher yield than Short Deposit.

RECURRING DEPOSIT

RECURRING DEPOSIT

1

Target Group

Individuals, Minors, Salaried class, Traders,  Businessmen, Clubs, Associations, Educational Institutions, Housewives etc.

2

Purpose

FOR A FIXED PERIOD AMOUNT-REGULAR INCOME

3

Minimum Amount

Minimum deposit amount of Rs.50/- per month or in multiples of Rs.50/-

4

Minimum/Maximum Period

The number of monthly installments minimum of 12, 24 and 36 only.
The installment for any month can be paid on or before the last working day of that month.   

5

Rate of interest / rests

Depending upon the maturity period.
Compounded quarterly and paid on maturity.

6

Prepayment.

 

 

Overdraft/Loan Facility/Interest Rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the bank. In case of prepayment before 45 days no interest will be paid. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit
Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

7

Cheque Book Facility

N.A.

8

Convenient Features

Nomination facility available. In case of individual & sole proprietorship accounts only.

9

Easy Access Features

Installments are accepted at any of the branches of the bank.

ICHHA SHAKTI JAMA YOJNA

ICHHA SHAKTI JAMA YOJNA

 

1

Target Group

Individuals, Salaried Class, People with ranging monthly income, Minors, Housewives, Clubs, Associations, Educational Institutions, Partnerships and joint stock Cons etc.

2

Purpose

FOR REGULAR SAVINGS WITH FLEXIBILITY IN MONTHLY INSTALMENTS AND HALF YEARLY COMPOUNDED INTEREST FOR A HIGHER YIELD AS COMPARED TO SAVINGS BANK DEPOSIT.

3

Minimum Amount

For a minimum deposit of Rs.100/- per month or in multiple of Rs.100/-, thereafter up to a maximum deposit of 3 times subject to Rs.10000/- per month.

4

Minimum/Maximum Period

From a period of 12 months up to a maximum period of 36 months.

5

Rate of Interest/Rests

Applicable rate of interest of Bank’s term deposits depending upon the maturity period of the account with half yearly rests as per pattern of Savings Bank deposit.
Interest is calculated on monthly product basis and compounded and credited in the account every six months in the month of July and January for the period January to June and July to December respectively.

6

Prepayment.

 

 

Overdraft/Loan Facility/Interest Rate

Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period the account has run with the bank. However, there will be no penal interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Please refer Circular No. BGGB: HO: ADV: 03: 15  dated   30.04.2007

7

Cheque Book Facility

N. A.

8

Convenient Features

A separate Passbook is issued to the depositors.
Scheme where the minimum monthly amount is fixed for chosen period, and the depositor is allowed to deposit variable amount every month.

9

Easy Access Features

The monthly installments to be deposited every month on or before 10th to be considered eligible for interest for that month.

10

Other Special Features

Higher interest on deposit with a choice to alter the deposit amount every month. Nomination facility in case of individual & sole proprietorship accounts only.

VARIOUS LOAN SCHEMES

Various Loan Schemes

  • Housing Loan For Individuals
  • Baroda Gujarat Loans For Traders
  • Dhanlaxmi Juth Credit Card For SHGs
  • Education Loan
  • Baroda Gujarat Marriage Loan Scheme For Public
  • Consumer Durable Loan For Individual  (Two Wheelers & Home Appliances)
  • Consumer Durable Loan Under Group Finance(Two Wheelers & Home Appliances)
  • Personal (Clean) Loan To Salaried Class People
  • Scheme For Financing Two Wheelers To Farmers
  • New/Second Hand Jeep Car Loan Scheme
  • Scheme For Financing For Mango Plantation
  • Scheme For Financing For LPG Connection In Rural Area
  •  Baroda Gujarat Loan For Doctors – Special Loan Scheme For Medical Practitioners
  • Sulabh Suvidha Scheme For SHG Members
  • Overdraft Facility To Salaried Class People
  • Advance Against Property
  •  Scheme For Setting Up To Agri Clinics/Agri Business Centers For Agri Graduates
  • Scheme For Financing Tractors, Trailors and Other Agriculture Machinery Under Farm Mechanization.
  • Baroda Gujarat Gramin Kisan Credit Card
  •  Special Scheme For Financing To Farmers Of Dang Dist. Against Receivables From Forest  Deptt. Towards Sale Proceeds Of Woods For Dang Dist. (Valsad Region)
  • Baroda Gujarat Loan Against Securities - NSC
  • Baroda Gujarat Loan Against Securities - KVP
  • Baroda Gujarat Loan Against Securities – Life Insurance Policies
  • Baroda Gujarat Loan Against Securities – Relief Bonds/Govt. bonds
  • Baroda Gujarat Eco – Friendly Gas Kit Loan For Car Owners
  • Swarojgar Credit Card (SCC) Scheme
  • Scheme For Providing Farm Produce Loan To Sugar Cane Farmers Associated with various Sugar Producing Co-operative Socities Ltd.
  • Scheme For Financing Second Hand/Used Tractors
  • Scheme For Financing Purchase of Land For Agriculture Purpose
  • Scheme For Baroda Gujarat General Credit Card Scheme (BGGCC) in Rural and Semi- Urban Branches
  • Scheme For financing Rural sales Outlets For Petro Products – Kisan Seva Kendra
  • Scheme For Financing Matured SHGs For Farm Production and Investment Activities
  • Scheme For Provision of Sanitation Facilities in Rural Areas
  • Scheme For Financing Joint Liability Groups (JLGs) of Tenant Farmers
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