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Baroda Flexi
Baroda Flexi is a flexible deposit product for more reasons than one. It 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 5 years and may deposit amounts from £100 to £10,000 in a calendar month.
Key features
- Initial minimum deposit as low as £100.
- Flexibility to deposit any amount from £100 to £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
£10,000.
- Flexible deposit period – from 1 to 5 years.
- No penalty for non deposit during any month(s).
- Attractive interest rates apply to Baroda Flexi accounts.
- Interest will be paid on a daily product basis and will be credited to the
Flexi account on the 1st June/ 1st December.
- Auto renewal facility available at no extra charge.
- Facility for loan/ overdraft up to 90% of balance of deposit also offered.
- Flexibility to deposit instalments at any of our UK branches / remit through
BACS/ CHAPS
- Alternately, customers may set standing instruction ‘free of charge’ for a
fixed amount payable on a monthly basis from any operative account with us.
- Alternately, customers may setup standing instruction with their existing
bank to transfer fixed amounts each month to credit their Baroda Flexi account.
