Deposit Schemes

Baghat Saving Deposit Scheme

Now you can earn a higher income on your surplus funds by investing those with us. We provide security, trust and competitive rate of interest.

  • Flexibility in choosing the amount you wish to invest and the maturity period.
  • Affordable Low Minimum Deposit Amount: You can open a term deposit with BUCB for a nominal amount of Rs.500/- only.

  • Flexibility in period of term deposit from 15 days to any years.
  • Interest is taxable

Savings Deposits

The Interest rates on Savings Bank Account is revised on 12th June 2018 vide Head Office General Circular No. 450.  Follwoing are the interest rates:

Savings Deposit  - 4% per annum


Term Deposit

We are offering the following interest rates to the deposits, as on 12th June, 2018

Interest Rate Chart 

PERIOD OF TERM DEPOSITS

INDIVIDUAL/Co.Op.Hsg & Trust

SR. CITIZEN

15 to 30 days
5.00%
5.00%
31 to 90 days
6.25%
6.25%
91 to 180 days
6.50%
6.50%
181 to Less than 365 days
7.00%
7.50%
12 months to less than 24 months
7.50%
8.00%
24 months to less thanb 36 months
7.00%
7.50%
36 months to 60 months
7.25%
7.75%
above 60 months
8.00%
8.50%

On premature of deposit 1% penalty shall imposed on interest applicable for the period

Para (a) - Interest Rates to Senior Citizens/Ex-Servicemen/Registered Co-op. Societies

0.25% higher interest shall be payable to widows/ex-service man(Army)/trusts/Registered Cooperative Societies on deposit for the period  1 year and above.

Para (b) - Discretion to pay Extra Interest on Huge Amount

The Managing Director/Deputy Manager may allow extra interest 0.25% on single deposits of Rs. 15.00 Lac but below 50 Lac on the investment for minimum 6 months & above respectively.

NOTE :- Only one benefit mentioned under PAra (a) & Para (b) will be applicable to th ecustomer.

Terms and Conditions

(On premature, penalty of 1% shall be applicable for the period the deposit remained with the bank. At the time of fresh FDR, the option of automatic renewal must be obtained from the depositor.)

  1. In the absence of specific instruction the interest will be paid at saving bank rate.

  2. In case of automatic renewal if depositor wants to premature the term deposit or renew for period shorter than the remaining period of contract, the rules of premature will remain in force.

  3. Obtain form 15G/15H from the customer otherwise deduct TDS where applicable.

** Only one benefit mentioned under Para (a) & (b) will be applicable to customer.