Corporate banking with Bank of Baroda

Corporate Banking

Bank of Baroda South Africa boasts a strong network and a global reputation, with operations in eminent international market places.
Importers and exporters confidently turn to us to finance their international trade bills, thereby enhancing relationships with their international partners.
Our product offering includes syndicated loans, bank guarantees, letters of credit, overdraft facilities and trade finance.

Deposits

Bank of Baroda South Africa offers customers a range of deposit plans with a variety of savings and withdrawal features, and investment terms.

Why customers choose us:

  • Competitive interest rates on long-term deposits;
  • Flexible repayment and reinvestment options at the end of the term;
  • Secure investment in one of India’s most prominent public sector banks.
Indictive rates as follows:
Term Rate (%) p.a.*
1 month 5.900%
2 months 6.000%
3 months 6.100%
4 months 6.250%
5 months 6.400%
6 months 6.650%
7 months 6.700%
8 months 6.750%
9 months 6.800%
10 months 6.800%
11 months 6.825%
12 months 7.050%

Remittance

Bank of Baroda South Africa offers a variety of remittance options to customers, including quick money transfers to India.

TERMS AND CONDITONS

Baroda Rapid Funds2India

Whether it is incoming remittance or outgoing payment, SWIFT is the fastest way to transmit or receive funds worldwide.

This facility is available to Bank of Baroda customers and non-customers wishing to remit funds worldwide through our strong network of foreign financial intermediaries.

Customers wishing to transfer funds need to provide the account number, name, address and SWIFT BIC (Bank Identifier Code) of the bank where the beneficiary maintains his/her account.

PROCESS OF REMITTANCE

Service charges on Loans/Advances

Processing Charges : @0.20% to 1.00% + VAT
Inspection Charges : R1000 to R5000 + VAT