Open Your Non-BSBD Savings Account.

Enjoy hassle-free experience at our BC Point.

bob Bank Mitra Bachat Khata

Note: The Bank may use the services of agents in sales/marketing etc. of its various products.

As a way forward, to improve the quality of Savings Bank Accounts opened at BC points & BC viability as well as to provide additional option to customers for opening Savings Bank Account at BC point, we are pleased to inform that the service of opening Regular Savings Bank Account i.e . Non-BSBD Account under scheme code SB160 (bob Bank Mitra Bachat Khata) has been provided at all our BC points using eKYC.

Benefits
Features
Eligibility Criteria
Documents Required
Interest Rates and Charges
Most Important Terms and Conditions (MITC)

bob Bank Mitra Bachat Khata : Benefits

Note : "T&C Apply"

bob Bank Mitra Bachat Khata : Features

Sr	Parameter	Features
1.	Product nature	Overdraft facility in Savings Account secured by Pledge of Term Deposit. This is an inter-linked product of Asset as well as Liability.
2.	Eligibility	Individual’s eligible to open Savings Account singly / jointly and having attained the age of 18 years.
3.	Minimum Monthly Average Balance	Savings Account: There shall be no minimum balance requirement for Savings Account as such no service charges shall be levied towards maintenance of minimum balance. Fixed Deposit: Minimum amount of deposit accepted for the facility would be Rs. 10,000/- and thereafter in multiples of Rs. 1,000/- with a minimum period of 12 months and maximum period of 120 months.
4.	Maximum Amount	There is no ceiling on the amount deposited / held in the account. However, in the accounts of minors of age between 10 years and 14 years maximum amount that can be kept in the Account is Rs. 1/- Lakh. For the Latest Details, please refer to Bank’s extant guidelines issued by Operation and Services Dept, Head Office, Baroda.
5.	MAB Non maintenance charges	NIL
6.	OVERDRAFT FACILITY	To the extent of 80% of Fixed Deposit with a minimum limit of Rs. 8,000/- and maximum of Rs.1,00,000/-. Third party FDRs are not eligible under this scheme. FDRs issued by any other branch /bank cannot be pledged and accepted as security, as per the extant guidelines of the bank. Processing & Documentation Charge: Nil For Product related various other service charges, latest service charges booklet to be referred
7.	INTREST RATE	Fixed deposit: As per contractual rate of Term Deposits, at the time of accepting deposit. Savings Account: As per existing Rate of Interest of Savings Deposits for Credit Balance in Savings Bank Account and for debit balance in Savings A/c 1.00 % over Fixed Deposit rate with monthly rests and a minimum of Rs. 25/- will be charged during a month if overdraft facility is availed.
8.	Security for Overdraft facility	v Pledge of FDR duly discharged by the depositor. v Letter of pledge of FDR (LDOC –16 A)
9.	Cheque book	30 free cheque leaves free in a Financial Year. Above Free Limit of Cheque book issued charges, please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
10.	Interest Calculation and Payment	For any Credit Balance in the SB128 Scheme Account, Interest is calculated on Daily product basis and credited to Accounts quarterly. For this purpose, Bank’s quarters are May-July, August-October, November-January and February-April. Interest is credited to the account within 15 days of end of quarter with Value date effect as of 1^st day of the month. For Latest Interest rate of Savings Deposits, Please refer to https://bankofbaroda.bank.in/interest-rate-and-service-charges/deposits-interest-rates
11.	Locker Charges	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
12.	Debit Card Variant & Annual Fee	Any Debit Card Variant may be issued as per Customer Requirements and request subject to T & C of captioned Card issued by Debit Card Dept, Digital, BCC, Mumbai.
13.	Debit Card Issuance Fee and Renewal Fee	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
14.	No. of Free Transactions at Bank of Baroda ATMs (ONUS)	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
15.	Number of Free OFFUS ATM transactions	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
16.	SMS alert facility	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
17.	Auto sweep facility	Not Allowed
18.	Credit Card facility	Subject to Credit underwriting policies of BOB Financial Solutions Ltd (BOBFSL).
19.	Internet Banking / Mobile Banking / WhatsApp	Allowed, Subject to T & C of each Channel.
20.	Cash Handling Charges	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
21.	Cash withdrawal (Local Non-Base and Outstation Branch)	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
22.	NEFT/RTGS/IMPS (outward and inward) through Branch Channel with cheque.	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
23.	NEFT / RTGS / IMPS (outward and inward) through Online Channel	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
24.	Collection of outstation cheque	Immediate credit of Outstation Cheques upto Rs. 20,000/- All up-country cheques up to Rs. 20,000/- drawn in favour of the customer and deposited for collection can be immediately credited to the account as per the Bank's norms except the requirement of satisfactory conduct of account for the last six months. This facility is not free and usual service charges are to be levied as stipulated for collection of outstation cheques/instruments favouring the customer. Maximum outstanding at any point of time under this facility is not to exceed Rs. 20,000/-. However, there is no annual cap.
25.	Nomination facility	Allowed as per Bank’s extant guidelines. Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
26.	Convertibility of existing accounts	Permissible
27.	Pre- closure charges	Please refer to Bank’s latest Service Charges Schedules available at https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges
28.	OTHER FEATURES:	On the due date of FDR, the facility may be renewed at the request of the customer. In absence of any request, overdraft facility may be liquidated by appropriation of proceeds of the FDR after giving due notice to the borrower or alternatively FDR may be renewed under auto renewal facility and overdraft facility may also be renewed at revised interest rate linked with FDR, depending upon circumstances. If the borrower fails to pay the interest in overdraft account and /or the accounts remain overdrawn for a quarter, bank shall have right to cancel the facility, liquidate it by prepaying the deposit and appropriating proceeds thereof after giving due notice to the customer. FDRs under "bob Liquid Deposits" will not be accepted under the scheme. All the extant guidelines, including KYC Norms, will be applicable while opening Savings and FDR accounts. The depositor may be given an Acknowledgement having pledged the duly discharged FDR with the Bank. Existing procedure shall be followed by the branched for premature payment of FDRs. The deposit accounts shall be transferable from one branch to another branch of the bank, together with an overdraft facility, free of charge.
29.	Other Terms and Conditions	1.Inter SOL cash payments to third parties are not permissible 2.Maximum Rs. 50,000/- Per day per transaction limit is fixed for cash withdrawal by account holder by Cheque and Rs. 25,000/- by Withdrawal Slip (Passbook should accompany Withdrawal Slip) from Savings Account without cheque book facility at Non-Base CBS branches irrespective of nature of Accounts. 3.Self-Withdrawal at Base branch is free.

bob Bank Mitra Bachat Khata : Eligibility Criteria

All Individuals
Age : 14 years or above
For New to Bank customers only

bob Bank Mitra Bachat Khata : Documents Required

List Of Valid KYC Documents For Account Opening
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the account as per extant Reserve Bank of India Guidelines.
List Of Officially Valid Documents (OVDs) for opening accounts of Individuals for opening of Account	Proof of possession of Aadhaar
Deemed Officially Valid Documents, In case OVD does not contains current/ updated address. (At least one document from the list is Required.)	Utility bill of any service provider i.e. electricity, telephone, postpaid mobile phone, piped gas, water bill (not more than two months old) Property or Municipal Tax receipt; Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, If they contain the address; Letter of allotment of accommodation from employer issued by State or Central Government departments, Statutory or Regulatory bodies, and Public Sector Undertakings, Scheduled Commercial banks, Financial Institutions and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation;

bob Bank Mitra Bachat Khata : Interest Rates and Charges

For Interest Rates & Charges please “Click Here”

bob Bank Mitra Bachat Khata : Most Important Terms and Conditions (MITC)

Available

Opening of Savings Bank Account in this scheme is available at BC point only

Transactions

Transactions of saving oriented nature are permitted. Commercial transactions are non-allowable transactions. If non allowable transactions are noticed then Bank may close the account with prior notice/intimation citing reasons thereof.

Unfreezing of Account

Branch upon receipt of the system generated Savings Bank account opening form from BC agent and upon satisfying on the eligibility and KYC guidelines shall allow debit transactions. No restriction on credit transactions.

Signature Scanning in front of Bank Officials

No restriction on transaction thorugh Alternate delivery channels. For transacting at Branch premises, customer has to provide his/her signature for Bank records in front of Bank officials along with his/her KYC documents.

Cash Deposit

For Rs.50,000/- and above PAN is required to be submitted as per requirement of Income Tax.
At Cash Deposit machines
Cash deposit with Debit card up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not registered in account.
Card less transaction (by feeding account number) up to Rs. 20,000/- per day.
Fake note, Suspicious Note is impounded and receipt is given to the customer. Torn/Mutilated/Taped notes are not accepted by these machines.
At BC point as per the applicable limits of the BC agent

Cash Withdrawal

Inter SOL cash payments to third parties is not permissible.
Per day per transaction limit of Rs.50,000/- is fixed for cash withdrawal by account holder only (through withdrawal up to Rs.25,000/- SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of account. Passbook should accompany with Withdrawals.
Self-Withdrawal at Base branch is free.
At BC point as per the applicable limits of the BC agent operating through AEPS. (Aadhar seeding for AEPS is mandatory)

Withdrawal(s) use of Withdrawal Form (Slip)

Withdrawals will be allowed either through withdrawal forms or cheques.
Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs.25,000/- (Minimum Rs.25/- in Rural/SU and Rs. 50/- in Metro/Urban).

Passbook and statement of account

Free Pass Book.
100/-per duplicate Pass Book / Statement with latest balance only.
For previous statement/ entries, applicable charges apply.

Cheque book

30 cheque leaves will be issued free in a financial year.
For additional cheque leaves, applicable charges will be applied.

Registration and execution of standing instructions

No charge within the Bank.
Rs.50/- per transaction plus applicable remittance charges in case of credits for outside the branch whether in same city or other cities i. e. in other branches / Offices such as LIC etc. plus actual postage charges.

Transfer of account/scheme

Upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/scheme free of charge.

Interest Calculation and Frequency

Interest for the period February to April will be credited in May, Interest for May to July will be credited in August, interest for August to October will be credited in November and interest for November to January will be credited in February every year.

Interest Rate

Please refer to Interest rates and Charges

Dormant/Inoperative Account

Account becomes inoperative/dormant if there are no customer induced transactions in Savings account for over a period of two years.
Interest is continued to be applied in all such Savings Bank accounts.
No charges are levied for in-operation of accounts.
Activation/Closure of Dormant/Inoperative accounts will be done after submission of necessary KYC documents, photo, and fresh specimen signature subject to satisfaction of the Bank.
All Accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer such deposits will be returned subject to conditions.

Minimum balance requirement

Min. QAB

Area	QAB
Rural	Rs 500*
Semi-Urban	Rs 1000*
Urban / Metro	Rs 2000/-*

Computation: Minimum QAB requirement is calculated on the basis of summation of closing balance of number of days divided by number of days. For purpose of arriving at Quarterly Average Balance/Minimum Balance charges, the period of quarters are considered as 16th Mar to 15th Jun, 16th Jun to 15th Sep, 16th Sep to 15th Dec and 16th Dec to 15th Mar of a particular year.

Nomination

Facility available.

Rules for Transfer/ inter-sol transfer/clearing transactions and charges

Transfer Transaction at base branch: Allowed freely without any limit.
Transfer Transaction at Non-base branch (local as well as outstation) normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions. There are no charges for Inter-sol transfer transactions.
Clearing Transactions: There is no restriction for clearing transactions.

Closure of account and charges

All the authorized signatories of the account will give in writing his/her/their intention to close the account. The related passbook, Debit Card and the unused cheque leaves should be surrendered along with the letter requesting closure.
In case of pre-mature closure of the account no charges will be levied if the account is closed within 14 days of first customer induced credit into the account. However, charges @ Rs.200/- plus service tax will be levied if account is closed beyond 14 days but within 1 year of the first customer induced transaction. In case of death of account holder no charges will be levied.

Disclosure of information

The Bank may disclose information about customer’s account, if required and permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder(s).
All relevant Policies including Code of Commitments to customers and Grievance Redressal policy are available at the branches.
MITCs OF ATM/DEBIT Card, Mobile Banking, Net Banking in Application Forms are available separately.
The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website.

Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh).

Transactions

Transactions of saving oriented nature are permitted. Commercial transactions are non-allowable transactions. If non allowable transactions are noticed then Bank may close the account with prior notice/intimation citing reasons thereof. In case of single account of minor to be operated by him/her the maximum balance outstanding on any day should not be more than Rs. 100000/- when the minor is aged between 10-14 years.