- MyLoanCare
- Savings Account
- Interest Rates
- Bank Of Baroda
Bank of Baroda Savings Account Interest Rates
Bank of Baroda Savings Account Interest 2020-21
Saving Account | Interest Rate |
---|---|
BOB Savings Account | 2.75% - 3.20% |
Super Savings Account | 2.75% - 3.20% |
Baroda Centenary Savings Account | 2.75% - 3.20% |
Baroda Basic Savings Account | 2.75% - 3.20% |
Baroda Salary Advantage Saving Account | 2.75% - 3.20% |
Baroda Bachat Mitra | 2.75% - 3.20% |
Baroda Pensioners Savings Bank Account | 2.75% - 3.20% |
Baroda Jeevan Suraksha Savings Bank Account | 2.75% - 3.20% |
- MyLoanCare does not charge any fees for processing your application. Never pay any cash to anyone for your application.
- Never share your OTP with anyone.
Please Re-confirm Your Number
Please Re-confirm Your
Bank of Baroda Bank Savings Accounts Interest Rate
Bank of Baroda offers an interest rate ranging between 2.75% to 3.20% on the minimum average balance maintained in the savings account. It calculates the interest rate on savings bank accounts on a daily basis. However, the interest is paid to the account holders every quarter. With Bank of Baroda Savings Account youth and minors can get additional benefits on their Savings Account.
Features
Bank of Baroda Savings Account helps you to save money by providing interest on your idle money deposited in the savings accounts. The rate of interest on Bank of Baroda Savings Account varies as per the Savings Account product. Some of the key features and benefits of Bank of Baroda savings account are:
- It offers interest rates from 2.75% to 3.20% p.a. You can easily access Bank of Baroda Savings Account anywhere through a large network of branches and ATMs.
- If you want to transfer funds from Bank of Baroda Savings account to any other bank account, you can do it through modes such as RTGS, IMPS, NEFT and UPI facilities.
- To maintain Bank of Baroda Savings account, you require a minimum balance of 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.
- Bank of Baroda personalized account number and cheque book enhances security and ensures your money is safe.
- You can get SMS Alerts and e-statement facilities with Bank of Baroda Savings Account.
- With Auto Sweep Facility of Bank of Baroda, your account can be linked to Multi Option Deposit MOD account.
Bank of Baroda Savings Account Rates
Saving Account | Interest Rate | Minimum Balance |
---|---|---|
BOB Savings Account | 2.75% - 3.20% | 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 |
Super Savings Account | 2.75% - 3.20% | QAB of Rs. 20,000 |
Baroda Centenary Savings Account | 2.75% - 3.20% | N.A |
Baroda Basic Savings Account | 2.75% - 3.20% | NIL |
Baroda Salary Advantage Saving Account | 2.75% - 3.20% | NIL |
Baroda Bachat Mitra | 2.75% - 3.20% | NIL |
Baroda Pensioners Savings Bank Account | 2.75% - 3.20% | N.A |
Baroda Jeevan Suraksha Savings Bank Account | 2.75% - 3.20% | Minimum Balance Rs. 1,000 on daily balance basis |
Banks Offering NetBanking Services
Bank of Baroda Savings Account Products
- BOB Savings Account: Bank of Baroda offers interest rates ranging between 2.75% to 3.20% on BOB Savings Account.You can open a BOB Savings Account in Bank of Baroda by depositing 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 amount as minimum balance.
- Super Savings Account: If you have deposited your excess funds in a Super Savings Account, you can get interest at 2.75% to 3.20% on your account. This account can be opened by anyone with a minimum age of 18 years.
- Baroda Centenary Savings Account: Bank of Baroda provides interest rates ranging between 2.75% to 3.20% on Baroda Centenary Savings Account. The minimum balance requirement to open this account is .
- Baroda Basic Savings Account: You can get interest at 2.75% and 3.20% respectively on Baroda Basic Savings Account in Bank of Baroda. The account can be opened in Bank of Baroda by depositing NIL amount.
- Baroda Salary Advantage Saving Account: If you have deposited your excess funds in a Baroda Salary Advantage Saving Account, you can get interest at 2.75% to 3.20% on your account.
- Baroda Bachat Mitra: You can get interest at 2.75% to 3.20% in Baroda Bachat Mitra. This account can be opened in Bank of Baroda by depositing a minimum amount of NIL after an age of 18 years.
- Baroda Pensioners Savings Bank Account: The interest that you can earn on Baroda Pensioners Savings Bank Account is in the range of 2.75% to 3.20% respectively.The debit card available for this product isBOBCARD Silver
- Baroda Jeevan Suraksha Savings Bank Account: Bank of Baroda provides interest rate at 2.75% to 3.20% on Baroda Jeevan Suraksha Savings Bank Account. Further, to open this Saving Account, the minimum balance requirement is Minimum Balance Rs. 1,000 on daily balance basis. You can open this account at a minimum age of 18 years.
Check Balance Enquiry Toll Free Number of Top Banks
- Balance Enquiry Toll Free Number
- Axis Bank Balance Enquiry Toll Free Number
- ICICI Bank Balance Enquiry Toll Free Number
- Kotak Bank Balance Enquiry Toll Free Number
- RBL Bank Balance Enquiry Toll Free Number
- Yes Bank Balance Enquiry Toll Free Number
- Citibank Balance Enquiry Toll Free Number
- Standard Chartered Bank Balance Enquiry Toll Free Number
- PNB Balance Enquiry Toll Free Number
- SBI Balance Enquiry Toll Free Number
- HDFC Bank Balance Enquiry Toll Free Number
Know More About Savings Account
Top Applications Offering UPI Facility
Top Banks Providing IMPS Facility
FAQs
✅How much interest is charged by Bank of Baroda on Savings Account?
Bank of Baroda offers an interest rate of 2.75% to 3.20% on Savings Account.
✅What is the minimum amount required for opening Savings Account in Bank of Baroda?
The minimum amount required for opening 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.
✅What are the balance non - maintenance Charges on Bank of Baroda Savings Account?
The Balance Non Maintenance Charges on Savings Account by Bank of Baroda are None.
✅How does Bank of Baroda calculate interest charged on Savings Account?
Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Bank of Baroda to calculate interest on Savings Account.
Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year
✅Does Bank of Baroda offer Debit Card to the account holder?
Yes, various Debit Cards are offered, differing according to the product. Some of the popular savings account products of Bank of Baroda with the type of Debit Card offered are listed in the table below.
BOB Savings Account | ATM cum Debit Card |
Super Savings Account | ATM cum Debit Card |
Baroda Pensioners Savings Bank Account | BOBCARD Silver |
Interest rate on all Bank of Baroda deposits products listed in the table above is 2.75% to 3.20%.
✅What is the eligibility criteria to open a savings account in Bank of Baroda?
Eligibility criteria for Bank of Baroda savings account -
- This account is for resident Indians of 18 years of age and above.
- 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. - 2020-07-22 : Bank of Baroda rolls out ‘Insta Click Savings Account
Bank of Baroda introduced Insta Click Savings Account. It is a paperless digital self-assisted online savings account. The self-assisted online savings account can be activated in real-time and offers customers a wide range of digital channels. - 2019-10-25 : Bank of Baroda launches specialized savings accounts
The third-largest bank of the country, Bank of Baroda, launched specialized savings accounts, ‘Baroda Platinum Savings Account’ and ‘Baroda Government Bodies Account.’ These accounts were launched on Tuesday to meet the specialized needs of High Network Individuals and Government departments. These specialized savings account will provide benefits like wealth management and investments. - 2019-07-26 : Bank of Baroda launches a new program to help startups with loans
Bank of Baroda (BoB) has launched a new program to help newly built startups with loans. The lender has opened dedicated bank branches across 10 cities and towns and is further planning to add another five in the next two weeks. Through these dedicated branches, the lender will offer them the facilities related to current accounts, payment gateways, credit cards, and also a loan of up to Rs. 2 crores.
