Modification in Savings Bank Account (GBP) Minimum Balance and charges for non maintenance of minimum quarterly average balance

Savings Bank (GBP) account - Minimum average quarterly balance - GBP 100 w.e.f. 01.07.2014.

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Ending Tax Deduction Scheme for Interest (TDSI) at 5th April 2016.

From 6th April Bank of Baroda, UK Branches will no longer be deducting tax at source from savings in UK. Gross Interest will be paid on interest payments payable in UK on or after 6th April 2016.

R85 and R105 forms will no longer be required to be submitted to the Bank in UK with effect from 6th April 2016.

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