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Baroda MIP - QIP Deposits
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Who can open account
How to open account
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Baroda Term Deposit MIP / QIP
Minimum Opening Balance
$500.00
Prepayment - (before maturity)
$25.00
Maturity Withdrawal
Nil
Baroda Term Deposit MIP / QIP
is a regular income Term Deposit Account where interest on principal amount is paid to the customer regularly on Monthly or Quarterly basis.
Key Features:
Minimum Deposit $500
Period 1 Month to 120 Months
Loan facility against the security of Deposit
Prepayment option available
Who can open Account
Individuals ( Singly or Jointly) including minors
How to open account
The account can be opened in any of the branches of Bank of Baroda in Fiji by submitting following documents :
MIP/QIP Term Deposit Account Opening Form.
Deposit of Funds.
Know your customer information / Documents in support of following to the satisfaction of the Bank:
a. Name
b. Address
c. Date of Birth
d. Occupation
e. Specimen Signature
f. Citizenship
g. TIN
h. Source of Funds
Customer will be issued a Term Deposit Acknowledgement/Receipt containing the details of Term Deposit Account. This acknowledgement is required at the time of payment / renewal / obtaining loan. Therefore customer to keep the acknowledgement / Receipt safe and secure.
Additional Information
Customer should have Saving / Current Account where interest will be credited monthly / Quarterly.
Simple Interest on Term Deposit is paid regularly after deduction of applicable Withholding Tax (RIWT / NRIWT) at following intervals:
Monthly - Every Month at the end of the month
Quarterly - Every Quarter at the end of the quarter(March / June / September/ December)
Premature payment of Term Deposit can be made at the sole discretion of the bank on payment of premature charges of $10.00.
Deposit can be renewed at the rate applicable on the renewal date.
The deposit will be automatically renewed at maturity for similar tenure under similar terms at the prevailing interest rate if no instruction for payment/renewal is received from deposit holder.
For interest rate, please click on the link at end.
For Clarification or any other information please contact any of our branches in Fiji.
Terms and Conditions apply
Fees and Charges
© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.