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Baroda Flexi Deposit

Baroda Flexi is offers customers the flexibility to deposit variable monthly deposits and earn higher returns. More so, customers may open Baroda Flexi for a period ranging from 1 to 3 years and may deposit amounts from NZ $100 to NZ $10,000 in a calendar month.

Key features

  • Initial minimum deposit as low as NZ$100.
  • Flexibility to deposit any amount from NZ$100 to NZ$10,000 in a calendar month, subject to a ceiling of 10 times the initial amount committed at the time of opening the account.
  • Multiple deposits during a month also permitted, subjected to ceiling of NZ$10,000.
  • Flexible deposit period – from 1 to 3 years.
  • Payment of the deposit prior to the maturity date is permitted, with the Bank’s consent.  However, in such cases a lesser rate of interest will be paid (see Fees and Charges below).
  • No penalty for non deposit during any month(s).
  • Auto renewal facility available at no extra charge.
  • Overdrafts or loans secured against the deposit are offered for up to 90% of deposit amount. 
  • Alternatively, customers may set up standing instructions free of charge for a
    fixed amount payable on a monthly basis from any operative account with us.
  • Alternatively, customers may set up standing instructions with their existing
    bank to transfer fixed amounts each month to credit their Baroda Flexi account.

Fees and Charges

  • Where the deposit is paid to the customer prior to the maturity date, interest will be paid at 1% per annum below the applicable rate for the actual period the deposit was kept with the Bank.
  • Our fees and charges are subject to change from time to time.  For all charges please see our service charges.

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