Bank of Baroda Savings Account

Bank of Baroda offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Benefits of Bank of Baroda saving Account are as follow:

• Bank of Baroda offers an interest rate on saving account in the range of 2.75% to 3.20%.
Compare Savings Account Interest Rates to All Banks
• Balance requirement for Bank of Baroda savings account is QAB Rs. 500 and Rs. 1,000 for Rural and Urban respectively. Zero balance facility only for salaried employees in Central/ State Govt. Public and Private Limited Companies, Agents of Life and General Insurance Corporations and Students.
• An individual can transfer the Bank of Baroda savings account to any other branch without changing the account number.
• Safe deposits locker facility, nomination facility is also available.
• Bank of Baroda savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
• It provides various kinds of debit cards as per account holder’s convenience.
• Bank of Baroda offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
• No charge is levied for passbook service.

Product	Minimum balance	Interest Rate	Non Balance Maintenance Charges
BOB Savings Account	QAB Rs. 500 and Rs. 1,000 for Rural and Urban respectively. Zero balance facility only for salaried employees in Central/ State Govt. Public and Private Limited Companies, Agents of Life and General Insurance Corporations and Students	2.75% - 3.20%	None
Super Savings Account	QAB of Rs. 20,000	2.75% - 3.20%	Rs. 1,000 per quarter
Baroda Centenary Savings Account		2.75% - 3.20%	--
Baroda Basic Savings Account	NIL	2.75% - 3.20%	None
Baroda Salary Advantage Saving Account	NIL	2.75% - 3.20%	--
Baroda Bachat Mitra	NIL	2.75% - 3.20%	--
Baroda Pensioners Savings Bank Account		2.75% - 3.20%	--
Baroda Jeevan Suraksha Savings Bank Account	Minimum Balance Rs. 1,000 on daily balance basis	2.75% - 3.20%	Rs. 100 per quarter

Bank of Baroda offers multiple savings account products for different purposes. Some of the popular products of Bank of Baroda savings are:

BOB Savings Account

An ideal option to cultivate the habit of banking and saving amongst the younger generation.

Key Features:

• Provision for nomination
• Deposits are insured by DICGC
• Opening of account minimum Rs. 500 in rural/semi urban and minimum Rs. 1,000 in urban areas

Eligibility:

• This account is for resident Indians of 18 years of age and above.

Baroda Basic Savings Account

The product is ideally suited for all common people, especially who are having low and middle income such as wage earners, workers in unorganized sectors, house wife, students and all other individuals having low net worth.

Key Features:

• Standing instruction, ECS debit etc. can be made available to such accounts
• No restriction on turnover / deposit by adult individual
• There will be NIL Charges levied for non operation/ activation of in operative/ dormant accounts

Eligibility:

• This account is for resident Indians of 18 years of age and above

Baroda Salary Advantage Saving Account

This account can be opened by regular salaried employees with minimum one year service with the organization.

Key Features:

• Overdraft facility available upto Rs. 1 Lac
• Minimum take home salary Rs. 5,000

Eligibility:

• This account is opened by salaried individuals who are at least 21 years old

Bank of Baroda asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Bank of Baroda savings account provides the nomination facility in all the savings products.

Bank of Baroda provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Individuals can call Bank of Baroda’s 24X7 helpline number 1800-258-4455/ 1800-102-4455, which is accessible from all landlines and mobile phones in the country.

✅Can I open Bank of Baroda bank account online?

Bank of Baroda enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

✅What is the minimum balance for an Bank of Baroda savings account?

Minimum balance requirement differs with Bank of Baroda saving account products. The minimum balance required to open a BOB Savings Account in Bank of Baroda is QAB Rs. 500 and Rs. 1,000 for Rural and Urban respectively. Zero balance facility only for salaried employees in Central/ State Govt. Public and Private Limited Companies, Agents of Life and General Insurance Corporations and Students.

✅Which saving account is best in Bank of Baroda?

There are various savings account products offered by Bank of Baroda. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

✅Can I open Bank of Baroda account with zero balance?

The minimum balance requirement to open a savings account with Bank of Baroda is QAB Rs. 500 and Rs. 1,000 for Rural and Urban respectively. Zero balance facility only for salaried employees in Central/ State Govt. Public and Private Limited Companies, Agents of Life and General Insurance Corporations and Students. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.