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Bank of Baroda Current Account

Bank of Baroda Current Account Interest Rate

Last Updated 18th Jan 2022

Bank of BarodaBaroda Small Business Current Account
Minimum Account BalanceQuarterly Average Balance Rs. 2,500
Interest RateNil

Salient Feature of Bank of Baroda Current Account:

  • Based on concept of PAY AS YOU USE
  • 5 Non ADC transactions are free per month
  • Compare the Current Account features of Bank of Baroda with other banks and pick the best bank for yourself.
  • Walk in the nearest Bank of Baroda branch to open a Current Account and avail quality services.
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Bank of Baroda Current Account Minimum Balance and Charges

Bank of Baroda Bank Current Account Bank of Baroda Bank Current Account Minimum Balance Non Maintenance Charges
Baroda Small Business Current AccountQuarterly Average Balance Rs. 2,500N/A
Baroda Premium Current AccountQuarterly Average Balance Rs. 75,000Rs. 600 per quarter
Baroda Advantage Current AccountQuarterly Average Balance Rural - Rs. 2,000, Semi-Urban - Rs. 2,000, Urban/Metro : Rs.10,000Rs. 350 per quarter
Baroda Premium Current Account-PrivilegeQuarterly Average Balance Rs. 2.5 LakhRs. 1,000 per quarter

Bank of Baroda Account Details – Current Account

Bank of Baroda Current Accounts have been customised to meet the varied customer needs. Current Account are business accounts which provide unlimited daily transactions along with personalised services to help the businessmen and self employed professionals such as doctors, consultants, chartered accountants to conduct daily bank transactions. Bank of Baroda also offers an overdraft facility under which a credit limit is offered to allow you to withdraw money as and when required to meet your working capital requirements.

Bank of Baroda Current Account Products

Baroda Small Business Current Account

  • Based on concept of PAY AS YOU USE
  • 5 Non ADC transactions are free per month
  • Minimum balance requirement is Quarterly Average Balance Rs. 2,500

Baroda Premium Current Account

  • Auto sweep / Reverse sweep feature available
  • Waiver of processing charges on car loans
  • Unlimited issuance of cheque books
  • Minimum balance requirement is Quarterly Average Balance Rs. 75,000
  • Charges for non maintenance of the minimum balance is Rs. 600 per quarter

Baroda Advantage Current Account

  • First time free cheque book of 50 leaves
  • Free of charge transfer of funds amongst CBS Branches, transfer of funds outside the clearing area through cheques
  • Minimum balance requirement is Quarterly Average Balance Rural - Rs. 2,000, Semi-Urban - Rs. 2,000, Urban/Metro : Rs.10,000
  • Charges for non maintenance of the minimum balance is Rs. 350 per quarter
  • Cash withdrawal limit is ,

Baroda Premium Current Account-Privilege

  • Free of charge transfer of Funds at CBS Branches outside clearing area
  • Auto sweep / Reverse sweep feature available
  • Waiver of processing charges on car loans
  • Minimum balance requirement is Quarterly Average Balance Rs. 2.5 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 1,000 per quarter

Bank of Baroda Current Account Eligibility

To open a Bank of Baroda Current account, one needs to fulfil the following eligibility criteria:

  • The individual applying for a current account requires authentic KYC documents.
  • It can be opened by sole proprietors, partnerships, co-operative societies, Trustors, administrations and documentation.
  • Further, Bank of Baroda requires a minimum account balance of Quarterly Average Balance Rs. 2,500 to be maintained in its current account.

Bank of Baroda Current Account Opening Procedure

A current account facility can be availed in any bank through both online and offline procedures. The online process to open a current account is more time saving and easy.

Online Process:

  • Visit the Bank's website or the Bank's online current account portal.
  • Select the 'Open current account' option.
  • Fill in the personal details in the current account application form.
  • Download the application form and submit the printed copy in the Bank on your next visit.

For the offline process, one needs to visit the nearest Bank in person, with the required documents.

Bank of Baroda Current Account Opening Documents

  • Proof of identity – PAN card, voter ID card, passport, driving license
  • Proof of address
  • Recent Colour Photograph
  • PAN/Form 49 A along with Form 60 if applied for PAN
  • Account opening Cheque from existing Savings/Individual Current Account

FAQs

How much interest is offered by Bank of Baroda on Current Account?

Bank of Baroda like any other Current Account does not offer an interest on the account.

What is the minimum amount required for opening Current Account in Bank of Baroda?

Bank of Baroda Current Account minimum balance is Quarterly Average Balance Rs. 2,500.

How to open a Current Account online with Bank of Baroda?

To open a Current Account online you can visit the website of Bank of Baroda and choose from the wide range of Current Account products offered by Bank of Baroda. Click the “apply now” option, fill in your details, and submit. The bank representatives will contact you for further information and for processing your account application form.

What are Bank of Baroda Current Account charges on non maintenance of balance?

The Balance Non Maintenance Charges on Current Account by Bank of Baroda are .

What are the Bank of Baroda cash withdrawal limit on Current Account?

The cash withdrawal limit on Bank of Baroda Current Account is .

Does Bank of Baroda offer Debit/credit card to the account holder?

Yes, Bank of Baroda offers debit card or credit card to its Current Account holders. The type and features of these debit cards or credit cards may differ with the Current Account you choose to open.


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Bank of Baroda Business Loan News - Jan 2022
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-06-01 : BOB reports net loss of Rs 1,046 cr in Q4
    Bank of Baroda reported a standalone net loss of Rs 1,046 crore for the March quarter (Q4FY21). It had posted a profit of Rs 506.6 crore in the same period last year (Q4FY20). The lender’s advances which includes retail loans home, LAP, personal, two wheeler, car education and doctor loan along business and mudra loan grew by 4.9% to Rs 6.4 trillion during the March quarter. Further domestic deposits which includes fixed and recurring deposits rose 6.2% to Rs 8.6 trillion.
  • 2021-01-06 : BOB launched whatsApp banking services
    Bank of Baroda launched banking services in messaging platform WhatsApp. This will offer services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card and information on products and services, among others via WhatsApp.
  • 2020-10-30 : Bank of Baroda Q2 profit surges 128%
    Bank of Baroda reported a net profit of ₹1,679 crores for the quarter ending 30 September. Net interest income during the quarter grew by 6.8% to ₹7,508 crores. The consolidated net profit stood at ₹1,771 crores in the September quarter. Further, the advances backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans increased by 5.3%. CASA ratio increased to 39.78%, up by 190 bps year-on-year.
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