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Fincash » Savings Account » Bank of Baroda Savings Account

BOBBank of Baroda Savings Account

Updated on February 28, 2024 , 33192 views

BOB or Bank of Baroda, one of the popular banks in India, offers a wide Range of savings accounts to the customer. From everyday transactions to fulfilling your professional goals, Bank of Baroda savings bank account is a one-stop solution for all your banking needs. The bank has a wide network of branches and ATMs in India and abroad. You can also access your account and transact from anywhere, anytime with the BOB digital banking services.

BOB Savings Account

Types of Bank of Baroda Savings Account

1. Baroda Platinum Savings Account

This Savings Account by BOB offers a higher cash withdrawal limit, i.e., up to Rs. 1,00,000 per day and purchase limit of Rs. 2,00,000 per day. It offers a free personalised visa platinum chip Debit Card, wherein you can access your funds from anywhere, anytime. The account offers a 50% waiver on issuance charges of gift and travel card, 10% discount on annual locker charges, free SMS/E-mails alerts, etc.

2. Baroda Mahila Shakti Saving Account

As the name says, this Bank of Baroda savings account is dedicated to women. If you opt for this account, then you will get a first-year free Platinum Debit Card with Rs. 2 lakh accidental insurance along with a discount of 0.25% on a rate of interest on a two-wheeler loan. You will also get a discount on processing charges for a mortgage, auto and personal loans.

3. Baroda Sr. Citizen Privilege Saving Account

The resident Indian above 60 years of age is eligible to open this account. Even pensioners can open pension facilities. The account offers a 25 % waiver of annual locker rental charges and first-year free visa platinum debit card. If you open Baroda Sr. Citizen Privilege Saving Account then you will get free unlimited transactions on BOB ATM, along with Free BOB Prime Credit Card with % cashback on all spends.

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4. Super Savings Account

It brings many advantages to the account holder like a free debit card and free unlimited cheque book Facility. Quarterly payment of interest is available and also provision for nomination. The product by BOB is offered to high-value residential customers and is available at Metro and Urban centres

5. Baroda Salary Classic

This Bank of Baroda savings account is suitable for someone whose net monthly salary is of Rs. 10,000 – Rs. 50,000. You will get 50 cheque leaves per year, thereafter Rs. 5 per leaf, along with a free unlimited transaction at BOB ATMs. The account offers you an accidental death insurance cover along with 25% on the processing charge for housing, auto, mortgage education or personal loan from BOB.

6. Baroda Centenary Savings Account

This account is a superior savings account that comes with many-value added services. It offers a free debit card with an advantage of immediate credit of outstation cheques up to Rs. 25,000. The account also comes with an auto sweep facility, wherein funds will be transferred to term deposits in case it exceeds a certain fixed amount.

7. Baroda Advantage Savings Account

The Baroda Advantage Savings Account is ideal for all types of investors. It is easy to operate and the terms and conditions are kept lucid so that a layman understands it well. This account comes with a zero balance

8. Baroda Basic Savings Account

You can open the account with zero balance. You will get a free 50 cheque leaves per year, along with Debit card and internet facilities. There are no restrictions on deposits by individuals.

9. Baroda Champ Account

This account is for children between the age of 0 and 18 years. No minimum balance is required to maintain in this account. Internet and mobile banking facility are available from 10 years of age. Theme based RuPay Baroda Champ Debit Card issuance is available from above 10 years of age.

10. Baroda Pensioners Savings Bank Account

Pensioners can open this account with Rs. 5 only. Bank of Baroda staff pensioners are also eligible under this scheme. The account offers a free debit card, Baroda connect/internet banking and "BOBCARD Silver" for the 1st year with an accidental death insurance cover of Rs. 1 Laos. You will also get a free unlimited cheque book facility except to the illiterate pensioner.

11. Baroda SB Self Help Group Account

This account is for self-help groups, which is available in two variants - general and women empowerment. You need to maintain a minimum balance of Rs. 1,000. The account offers free 30 cheque leaves in a financial year.

Steps to Open BOB Savings Account

Visit the closet BOB bank branch, ensure you carry all our KYC documents with you. A bank representative will guide you through all the bank opening procedure. Choose the savings account you wish to open and submit a duly filled form. Submit KYC documents. Once the documents are verified, your account will be activated and you will receive a welcome kit consisting of a debit card, cheque book passbook.

At this moment, you cannot open a savings account online. You need to visit the nearest branch.

Eligibility Criteria to Open a Savings Account with BOB

Customers should meet the following criteria to open a savings account with the bank:

  • The person should be a citizen of India.
  • The individual should be 18 years of age or above except in case of a minor savings account.
  • The customers need to submit valid identity and address proof to the bank that is Government approved.
  • Once the bank approves the submitted documents, the applicant will have to make an initial deposit depending upon the type of the savings account.

Bank of Baroda Customer Care

For any query or doubt, request, grievances, you can Call the customer care toll free number - 1800 102 4455

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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