Convenient banking solutions for chosen few.

Open bob Platinum Saving Bank Account and get attractive benefits.

bob Platinum Saving Bank Account

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

bob Platinum Savings Bank Account offers several easy options to access your money, including unlimited branches, ATM withdrawals and the option to write cheques. All transactions that are saving oriented in nature are permitted with this multi-beneficial savings account. Open a Savings Account with us today and enjoy the premium benefits we have to offer! Read to know how a savings account work.

  • Benefits
  • Features
  • Documents Required
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

bob Platinum Saving Bank Account : Benefits

Note : "T&C Apply"

bob Platinum Saving Bank Account : Features

Sr.

Parameters

features

1.  

Eligible Clients

All Resident Individuals (except Minors) eligible to open Account as per Bank’s extant guidelines.

Staff are also Allowed to open Account in this Scheme.

2.  

Target Group

The product is ideally suited for all individuals viz. salaried class people, businessmen, self-employed, professionals, business executives, high net worth individuals, housewives etc.

3.  

Eligible Branches

All branches

4.  

Eligibility Criteria

Minors not allowed

5.  

KYC documents

Applicable documents for opening Savings account as per extant guidelines

6.  

Mode of Operation

1. Singly

2. Jointly by

a. any one or more of the survivors

b. Either or anyone or more of them or the survivors jointly, or survivors.

c. former or survivor  

d. latter or survivor

Subject to condition   that   the   Second / First   named   Account Holder respectively, will be entitled to the balance lying in the Account only on the Death of the Former / Latter Account Holder.

7.  

Minimum Monthly Average Balance (MAB)

Rs. 1.00 Lakh

8.  

Charges for non- maintenance of minimum MAB

6% of actual shortfall amount on a monthly basis, subject to Max. Rs. 334/- & Min. Rs. 50/-

9.  

Maximum Balance in Account

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.1.00 Lakh.

10.   

Ledger Folio / Transaction Charges

Free

11.   

Cheque books

Unlimited Free for Personal use

12.   

Debit Card Variant

VISA Platinum EMV Chip Debit Card

13.   

Debit Card Issuance / Renewal Charges

Lifetime Free

14.   

No. of Free Transactions on 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.   

Locker Charges

10% Discount in Annual Locker Charges (Small and Medium applicable only for 1 Locker)

 

(Only 1 Discount is available to Customers i.e. Discount cannot be clubbed with any other discount such -3-year advance Rental Discount, Staff Discount etc.) Discount available only on locker rental charges paid annually per year.

Safe deposit lockers subject to availability will be allotted on priority basis to the Platinum Customers.

17.   

Cash Handling Charges

Base Branch

Unlimited Free Cash Deposits

18.   

Cash Handling Charges

Non-Base Branch

 

Free Cash deposit – Rs 1.00 Lakh per day

For Cash Deposit above this limit, please refer to Bank’s latest Service Charges Schedules available at

https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges

19.   

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

20.   

NEFT/RTGS/IMPS (outward and inward) through Branch Channel with cheque.

Unlimited Free

21.   

NEFT / RTGS / IMPS (outward and inward) through Online Channel

Unlimited Free

22.   

Waiver on Demat AMC

Demat AMC is Free for Platinum Customer, subject to maintenance of QAB as per Scheme Norms

23.   

Discount on issuance of Travel and Gift card

50% Discount on issuance charges

24.   

Scheme Code Transfer to bob Platinum SB A/c

Allowed, Subject to undertaking to maintain QAB as per Product Requirements.

25.   

Scheme Code Transfer

Transfer from bob Platinum SB Account to another scheme is allowed, subject to T & C of Target Scheme.

26.   

Credit Card facility

Subject to Credit underwriting policies of BOB Financial Solutions Ltd

27.   

SMS Alert

Unlimited Free

28.   

Mobile / Internet Banking

As per Bank’s extant guidelines for issuing the facilities.

29.   

Closure of Account and Charges

 

Please refer to Bank’s latest Service Charges Schedules available at

https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges

30.   

Passbook

Free first passbook to be issued at branch.

 

Subsequent issuance chargeable as per the extant guidelines of Bank’s latest Service Charges Schedules available at

https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges

31.   

Interest Calculation and Payment

Interest is calculated on daily product basis and credited to accounts quarterly.

For Latest Interest rate of Savings Deposits, Please refer to  https://bankofbaroda.bank.in/interest-rate-and-service-charges/deposits-interest-rates

 

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 1st day of the month.

32.   

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

33.   

Sweep Facility

Available on written request from Account Holder / s.

34.   

Sweep Parameters

Scheme Code

TD180

Sweep minimum threshold

2,00,000

FFD Period

181 Days

Sweep out in Multiple

10,000

Sweep in multiple

1,000

Premature Penalty

Applicable as per Bank’s extant guidelines

Additional ROI

As per Bank’s extant guidelines

Sweep Frequency

Weekly (Monday)

35.   

Collection of outstation cheque

v  Immediate credit of outstation cheques upto Rs. 50,000/-

v  All up-country cheques up to Rs. 50,000/- drawn in favour of the customer and deposited for collection can be immediately credited to the account as per Bank’s norms except the requirement of satisfactory conduct of account for the last six months.

v  This facility is not free and usual service charges are to be levied as stipulated for collection of outstation Cheques / Instruments favouring the customer.

v  Maximum outstanding at any point of time under this facility is not to exceed Rs. 50,000/-. However, there is no annual cap.

36.   

Account Closure Charges

Presently, Rs. 1,000/- plus GST if account is closed after 14 days but within 1 year of the first customer induced transaction.

 

As per the extant Guidelines of the bank for Saving bank account detailed in Bank’s latest Service Charges Schedules available at

https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges

37.   

Other Terms & 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.

38.   

Other Charges

As per the extant Guidelines of the bank for Saving bank account detailed in Bank’s latest Service Charges Schedules available at

https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges

bob Platinum Saving Bank Account : Documents Required

List Of Valid KYC Documents For Account Opening
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines.
Officially Valid Documents (OVDs) for Accounts of Individuals
  • Passport
  • Driving license with photo
  • Proof of possession of Aadhaar Number
  • Voter’s Identity Card issued by Election Commission of India,
  • Job card issued by NREGA duly signed by an officer of the State Government.
  • Letter issued by the National Population Register containing details of Name and Address.
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;
In case of Foreign Students
  • Copy of Passport and copy of Visa.
  • An Identity Card issued by college / institution.
  • An admission letter for the course mentioning duration of course for which he/ she is admitted by the Institute / College.
  • An allotment letter on letter head of the institution/ college for allotment of hostel accommodation duly singed by the authorized signatory, mentioning detailed address and location of hostel, room no. etc. and date of allotment of hostel accommodation etc. or a valid address proof giving local address in form of rent agreement within 30 days of opening of the account.
For NRI / Foreign Tourist For PIO/OCI
  • Passport
  • Valid Visa
  • PAN/FORM60
Address proof mentioning the current overseas address (any one of the below) Documents issued by Govt. Deptt. of foreign jurisdictions i.e. Driving License, National Identification Card, Social Security Card, Employee Card and Labour Card, Tax Residency Certificate etc. having Name and Address of the Applicant Letter Issued by Foreign Embassies or Mission in India having Name and Address of the Applicant Utility bill of any service provider i.e. electricity, telephone, postpaid mobile phone, piped gas, water bill (not more than two months old) Property/ Municipal Tax Receipt
Letter of allotment of accommodation/ Leave and License agreements allotting official accommodation from employer issued by State or Central Govt. departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies.
For Foreign Nationals
  • PAN/FORM60
  • Valid Foreign Passport
  • Valid Indian Visa
Address proof mentioning the current overseas address (any one)
  • Foreign Driving License
  • Documents issued by Govt. Deptt. of foreign jurisdictions i.e. National Identification Card, Green Card and Social Security Card etc. having Name and Address of the Foreign National.
  • Letter Issued by Foreign Embassies or Mission in India having Name and Address of the Applicant

(FRRO/ FRO Certificate/ Permit/ Indian Driving License/ OVDs/ any Deemed OVD mentioned herein above, is required to be provided for Indian Address Proof.)

Accounts of Companies
  • Certificate of Incorporation
  • Memorandum & Articles of Association.
  • PAN No. of the Company
  • Resolution of the Board of Directors and Power of Attorney granted to its managers, officers or employees to transact on its behalf; and
  • Any one of the OVDs and PAN/FORM60 of the managers, officers or employees, as the case may be, holding an attorney to transact on its behalf with his / her photograph
Accounts of Sole Proprietary firms.

(Any two of the following documents to be obtained)

  • Registration Certificate
  • Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
  • Sales and income tax returns,
  • CST/ VAT/GST Certificate (Provisional/Final),
  • Certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities.
  • IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT or License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute
  • Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm’s income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
  • Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern. In case where the branches are satisfied that it is not possible to furnish two such documents from the above list, they would have the discretion to accept only one of those documents as activity proof. In such cases, the branches would have to undertake contact point verification, collect information to establish the existence of such firm, confirm, and satisfy itself that the business activity has been verified from the address of the proprietary concern.

    AND

    Any one of the OVDs along with PAN/ FORM60 of the proprietor.

Accounts of Partnership firms. (Registered)
  • Registration certificate,
  • Partnership deed; and
  • PAN No. of the Partnership Firm,
  • Any one of the OVDs and PAN/ FORM60 of the person holding an Attorney to transact on its behalf with his/ her photograph
Accounts of Trusts
  • Registration Certificate
  • Trust Deed
  • PAN/ FORM60 of Entity
  • Any one of the OVDs and PAN/FORM60 of the person holding an Attorney to transact on its behalf with his/her photograph.
Accounts of Unincorporated Associations or body of individuals includes unregistered
  • Resolution of the Managing body of such association or body of individuals;
  • PAN/ FORM60 of Unincorporated Associations or body of individuals
  • Power of Attorney granted to transact on its behalf;
Partnership firm/ trusts and societies.
  • Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;
  • Any one of the below mentioned list of documents to collectively establish the legal existence of such an associations or body of individuals.
  • Partnership Deed/ Trust Deed/ Bye Laws
  • Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
  • Sales Tax Returns,
  • CST/ VAT/ GST certificates (Provisional/ Final)
  • Certificate/ registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities.
  • License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute.
  • Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm’s income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
  • Utility bills such as electricity, water, and landline telephone bills in the name of the concerns.
Accounts of Hindu Undivided Family
  • PAN Card of HUF.
  • Declaration from the Karta.
  • HUF Letter/ Declaration signed by all the coparcener and Karta.
  • Any one of the OVDs and PAN/ FORM60 of the Karta with his / her photograph
Accounts of the Government or its Departments, societies, universities and local bodies like village panchayats etc.
  • Document showing name of the person authorized to act on behalf of the Government or its Departments, societies, universities and local bodies like village panchayats;
  • Any one of the OVDs and PAN/FORM60 of the person holding an attorney to transact on its behalf and
  • Any document to establish the legal existence of such an entity/ juridical person.
Account of Political Parties
  • Duly signed resolution of the working committee/ managing body as per bye- laws indicating details of the party president/ authorized signatory, tenure etc.
  • PAN of the Political Party
  • Power of Attorney granted to transact on its behalf;
  • Duly authenticated copy of Constitution/ Bye laws of the Party
  • Duly authenticated copy of Registration of Party with election commission
  • Authority letter, on party letter head, from Party president/ Authorized signatory as per Bye-laws for opening of account mentioning address of the State Unit, Title of Account and operating instructions for authorized signatory with attestation of their signature and photograph.
  • Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;

bob Platinum Saving Bank Account : Interest rates & charges

For Interest Rates & Charges Please. Click Here

bob Platinum Saving Bank Account : Most Important Terms and Conditions (MITC)

  • Nomination facility available.
    • Debit Card and Charges

    Free Visa Platinum Debit Card, subject to maintenance of QAB.

    Auto/Reverse Sweep:
    • Sweep facility available on request only over & above Rs. 2 lakhs in multiple of Rs. 10,000 i.e. first sweep out for Rs. 10,000 will happen only when the account balance reaches Rs. 2,10,000. The duration of fixed deposit will be 181 days and in case of requirement of funds in SB A/c, auto reverse sweep in multiple of Rs. 10,000 on LIFO pattern (last in first out).
    • However, for premature withdrawals of all deposits, interest will be paid one percent less than the rate which is applicable at the time of placing the deposit, for the period for which the deposit has actually run.
    Rules for transfer/inter-sol transfer/clearing transactions and charges
    • Transfer transaction at the base branch: Allowed freely without any limit.
    • Transfer transaction at the non-base branch (local as well as outstation): Normally allowed only at a branch where either drawer or payee maintains the account. However, for genuine transactions, Branch Head is authorised to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.
    Cash Deposit

    For Rs. 50,000 and above PAN is required to be submitted as per the requirement of Income Tax.

    At Cash Machines
    • Cash deposit with debit card up to Rs. 2 lakhs per day, where PAN is registered and Rs. 49,999, where PAN is not registered in account.
    • Cardless 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. Torne/mutilated/taped notes are not accepted by these machines.
    Cash Withdrawal
    • Maximum Rs. 50,000 per day withdrawal allowed to the a/c holder only at outstation branches.
    • Third-party cash payment at local non-base branches and outstation branches is totally restricted.
    Interest calculation and frequency
    • Interest is calculated on a daily product basis and credited to accounts quarterly. For this purpose, Bank’s quarters are May to July, August to October, November to January and February to April. Interest is credited to the account within 15 days of the end of the quarter. However, the value date effect as of the 1st day of the month is given while crediting interest.
    Withdrawal(s) & use of withdrawal form (Slip)
    • Withdrawals will be allowed either by withdrawal forms or by 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/semi-urban and Rs. 50 in metro/urban).
    Passbook and statement of account
    • Free passbook.
    • Rs. 100 per duplicate passbook/statement with latest balance only.
    Cheque Book Charges

    Unlimited cheque books are free in a financial year, subject to maintenance of QAB.

    Registration and execution of standing instructions
    • A) No charge within the same branch.
      B) Rs. 50 for any other branch within the Bank.
      C) Rs. 100 for outside the Bank.
    • Rs. 100 per occasion will be levied for standing instruction failure because of insufficient funds.
    Transfer of account/scheme

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

    Closure of account and charges
    • All the authorised signatories of the account will give in writing his/her/their intention to close the account. The relative passbook, debit card and 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 the first customer induced credit into the account. However, charges Rs. 1,000 + GST 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.
    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.
    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 the in-operation of accounts.
    • Activation/closure of dormant/inoperative accounts will be done after submission of necessary KYC documents, photo, 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.
    SMS Alerts and Charges

    SMS alerts are free of charges, subject to maintenance of QAB.

    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, about 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 up to Rs. 5 lakhs.
      • -->

      All transactions that are savings-oriented in nature are permitted. Commercial transactions are non-allowable transactions. If non-allowable transactions are noticed, then the Bank may close the account with prior notice/intimation citing reasons thereof.

      Minimum Quarterly Average Balance requirement
      • Metro/urban/semi-urban/rural: Rs. 1 lakh.

      Computation: Minimum QAB requirement is calculated on the basis of summation of closing balance of number of days divided by the number of days. For purpose of arriving at quarterly average balance/minimum balance charges, the period of quarters are considered as 16th March to 15th June, 16th June to 15th September, 16th September to 15th December and 16th December to 15th March of a particular year.

      Charges for Not Maintenance of Minimum Balance
      • Metro/Urban/Semi-Urban/Rural: Rs. 1,000+ GST per quarter.
      • If the balance remains below the benchmark level continuously for 3 months, the Bank will transfer this account to a normal savings bank account and shall recover the charges. All the facilities of Platinum Saving Bank account will be withdrawn.
      Debit Card and Charges
      • Free Visa Platinum Debit Card, subject to maintenance of QAB.
      Auto/Reverse Sweep
      • Sweep facility available on request only over & above Rs. 2 lakhs in multiple of Rs. 10,000 i.e. first sweep out for Rs. 10,000 will happen only when the account balance reaches Rs. 2,10,000. The duration of fixed deposit will be 181 days and in case of requirement of funds in SB A/c, auto reverse sweep in multiple of Rs. 10,000 on LIFO pattern (last in first out).
      • However, for premature withdrawals of all deposits, interest will be paid one percent less than the rate which is applicable at the time of placing the deposit, for the period for which the deposit has actually run.
      Rules for transfer/inter-sol transfer/clearing transactions and charges
      • Transfer transaction at the base branch: Allowed freely without any limit.
      • Transfer transaction at the non-base branch (local as well as outstation): Normally allowed only at a branch where either drawer or payee maintains the account. However, for genuine transactions, Branch Head is authorised to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.
      Cash Deposit
      • For Rs. 50,000 and above PAN is required to be submitted as per the requirement of Income Tax.
      At Cash Machines
      • Cash deposit with debit card up to Rs. 2 lakhs per day, where PAN is registered and Rs. 49,999, where PAN is not registered in account.
      • Cardless 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. Torne/mutilated/taped notes are not accepted by these machines.
      Cash Withdrawal
      • Maximum Rs. 50,000 per day withdrawal allowed to the a/c holder only at outstation branches.
      • Third-party cash payment at local non-base branches and outstation branches is totally restricted.
      Withdrawal(s) & use of withdrawal form (Slip)
      • Withdrawals will be allowed either by withdrawal forms or by 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/semi-urban and Rs. 50 in metro/urban).
      Passbook and statement of account
      • Free passbook.
      • 100 per duplicate passbook/statement with latest balance only.
      Cheque Book Charges
      • Unlimited Cheque Books are free in a financial year, subject to maintenance of QAB.
      Registration and execution of standing instructions
      • No charge within the same branch.
      • 50 for any other branch within the Bank.
      • 100 for outside the Bank.
      • 100 per occasion will be levied for standing instruction failure because of insufficient funds.
      Transfer of Account/Scheme

      Upon submission of application along with Passbook and unused cheque leaves the account can be transferred to another Branch/Scheme free of charge.

      Closure of Account and Charges
      • All the authorised signatories of the account will give in writing his/her/their intention to close the account. The relative passbook, debit card and 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 the first customer induced credit into the account. However, charges Rs. 1,000 + GST 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.
      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.
      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 the in-operation of accounts.
      • Activation/closure of dormant/inoperative accounts will be done after submission of necessary KYC documents, photo, 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.
      SMS Alerts and Charges
      • SMS alerts are free of charges, subject to maintenance of QAB.
      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, about 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 up to Rs. 5 lakhs.
      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.

    Need Assistance?

    Frequently Asked Questions (FAQs)

    Related Products

    banking mantra background

    Banking Mantra

    Compare Products
    Select Another card to compare

    Select Another card to compare
    Select Another card to compare

    Select Another card to compare
    Select Another card to compare

    Select Another card to compare
    Apply Now Know More
    Apply Now Know More
    Choose cards to compare
    Filters
    Reset

    Please select

    Select Services

    Add this website to home screen

    Are you Bank of Baroda Customer?

    Yes No

    Request Call Back

    PM-Surya Ghar Yojana -Standalone

    Apply Now Express interest

    Apply Now Express interest
    X
    We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.