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toto account

Baroda Toto Account 

Product:

Savings Bank Deposit Account for Children of age up to 18 years. The account is opened in the name of minor child jointly with the parents / guardian.

Features:

•    Minumum Balance – Kshs 1,000.00
•    Maximum Balance – No limit

Rate of Interest on balance:

Upto Kshs 999/- NIL
Kshs 1,000/- and up to Kshs 99,999/- @1.50% p.a.*
Kshs 1,00,000/- and above @ 2.25% p.a.*
Payable half yearly (Subject to with holding tax 15%)*
*Subject to change any time.

Issue of Bankers Cheque / Demand Draft towards payment of own (Child’s) school/college fees : Free of charge

Collection of upcountry cheques etc representing scholarship/grant from any institution : Free of charge (Provided minimum balance is maintained during the period).

Charges for not maintaining the minimum balance : NIL