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Online Bank of Baroda Savings Account Opening

Open Bank of Baroda Saving Account

Last Updated 25th Nov 2021

Interest Rate 2.75% - 3.20%
Minimum Balance Requirement 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
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card ATM cum Debit Card
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
OPEN YOUR ACCOUNT DIGITALLY NOW
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
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Bank of Baroda Savings Account Opening

Bank of Baroda Savings accounts in Bank of Baroda can be opened online or offline. To open Bank of Baroda offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening Bank of Baroda Savings Account Online

To open the savings account online in Bank of Baroda, you have to follow these steps:

  • Step 1: First, visit the official website of Bank of Baroda.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: Bank of Baroda’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, Bank of Baroda will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open Bank of Baroda Savings Account at Branch

To open a savings account with Bank of Baroda at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in Bank of Baroda

You have to fulfil the following eligibility criteria to open a savings account in Bank of Baroda:

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

Open saving account with Other Banks online

FAQs

How can I open a savings account in Bank of Baroda?

You can open a savings account in Bank of Baroda either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in Bank of Baroda?

Yes, you can open a savings account online, by applying for it through the Bank of Baroda’s official website.

What is the minimum balance in Bank of Baroda?

The minimum balance required to open a 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.


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Bank of Baroda News - Dec 2021
  • 2021-09-09 : Bank of Baroda Launches One-stop Digital Platform
    Bank of Baroda has launched a one-stop digital platform known as BOB World. Under this platform, the bank aims to provide all the banking services under four key pillars, i.e. Save, Invest, Borrow and Shop, under one roof.
  • 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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