Faqs Page BG

Frequently Asked Questions (FAQs)

  • Can I use the Baroda M CLIP wallet account when I am traveling abroad?

    The Baroda M CLIP wallet Mobile Account has been currently enabled for use only in India. You can certainly use Baroda M CLIP wallet with these merchants from anywhere in the world.

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  • Whether Bank will honour the existing ECS, NACH mandate in the account during this period

    Bank will continue to collect instalments as per the ECS, NACH mandate unless stopped by the borrower. In case borrower wants to avail moratorium period of 3 months, they must approach to the base Branch or respond to the SMS which we are sending for stopping of NACH/ECS mandate

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  • I maintain an account with Bank of Baroda at other than the base branch. Can I avail BCR services?

    Yes, you can avail the services even if you are not maintaining the account at the base branch. For more information and details on procedure of availing the service, contact the branch manager of the base branch.

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  • What is the age limit for Skill Loan Scheme?

    There is no specific restriction with regard to the age of the student to be eligible for Baroda skill Loan

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  • Is there any additional incentive for BCs during this difficult period?

    Yes, to encourage the BC agents to extend their continued services during this difficult period, bank has decided to incentivize them by paying Rs. 100/- per day to every active BC agents towards transportation, etc for extending services from 10:00 AM to 5:00 PM by performing minimum 5 transactions. This facility will be available till 14.04.2020

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  • how to get a car loan?

    You can apply for Car Loan through any of the below mentioned modes-(1) Branch [you can find our nearest Branch through Branch Locator available on our website (2) Car Loan Processing Cells avialble at Mumbai, Ahmedabad, Bareilly & Patna (3) Online application through - our website (4) Through missed call at 8467001133 (5) by calling Toll Free No. 1800 5700 & 1800 5000 (6) SMS AL Space (Name) to 8422009988 (7) if you are existing customer of the Bank, you can also apply using Mobile Banking (BOB WORLD) & Net Banking facility.

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  • Is collateral security required?

    No collaterals/third-party guarantee for loans up to Rs. 100 lakhs which are covered under CGTMSE. For other accounts which are not covered under CGTMSE, the Bank may stipulate collaterals as per Bank’s guidelines.

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  • Who can have?
    • All savings bank, super savings bank, current account (sole proprietorship & individuals) and OD account against LIC/NSC/FD customers, including NRI customers.
    • Minors of 15 years of age and above maintaining savings account singly.
    • Savings bank customers having joint accounts provided operating instructions are ‘payable to either or survivor’

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  • Whether the card can be reloaded/top-up available?

    Baroda Gift Card is a single load card. Top-up is not permitted as per current Reserve Bank of India guideline..

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  • Can NRIs bring silver into India?

    Yes. NRIs can bring to India silver up to 100 kgs as part of their personal baggage.

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  • Which are the facilities eligible for availing the benefits under the Extended RBI Covid- 19 regulatory package?

    Bank has extended moratorium benefit to all customers having outstanding up to Rs 10 Lacs ( Term Loan outstanding and working Capital Limit) as on 31.05.2020 across the board and customers having outstanding above Rs 10 lacs( Term Loan outstanding and working Capital Limit) need to give their option for availing moratorium at the Base branch for availing the benefit.

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  • How to Apply for a Credit Card?

    In 3 simple steps:

    1. Complete the e-application
    2. Aadhaar-based e-signature
    3. Confirm with video KYC

    You can also visit any of your nearest Bank of Baroda branches.

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  • How would I get my bonus shares or other non-cash entitlements?

    The concerned company obtains the details of beneficiary holders and their holdings as on the date of the book closure/record date from NSDL. Your entitlement will be credited by the company directly into your NSDL depository account.

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  • Is permission of Reserve Bank required for NRIs to invest in proprietary/partnership concerns on non-repatriation basis?

    No. Reserve Bank has granted general permission to NRIs to invest by ways of capital contribution in any proprietary or partnership concern in India on a non-repatriation basis, provided the investee’s concern is not engaged in any agricultural/plantation activity or real estate business. This facility is, however, not available to OCBs.

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  • What are the limits and how to increase them?

    For IMPS/NEFT, per day limits is Rs. 2 Lakhs (Rs. 50,000 per transaction)

    For Third-Party, per day limit is Rs. 1 Lakh (Rs. 50,000 per transaction)

    No limit on self-linked accounts.

    In case of requirement of higher limits, register for Baroda Connect (Internet Banking) through m-Connect+. .

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  • Do Banks levy any service charge for use of other Bank ATMs?

    No charges are payable for using other Banks’ ATM for cash withdrawal and balance enquiry, as RBI has made it free under its ‘Free ATM access policy’ since 01/04/2009. But banks can restrict the number of such free transactions to a maximum of five per month. For transactions beyond this minimum number of transaction, Banks charge maximum of Rs. 20 per transaction.

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  • Can a returning Indian desiring to go abroad again for employment, business, or vocation transfer his funds in RFC account to NRE/FCNR account?

    Yes

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  • What are the essential services available under Mobile Banking?

    Fund transfer (Within Bank/NEFT/IMPS/PPF/SSA).

    Recharge (mobile/DTH/Recharge)

    Bill Payment (Electricity/Gas/Water/Telecom/Insurance/Tax/Credit Card)

    Cash on Mobile (Withdrawal of cash from ATM without ATM Card).

    Various other services such as are also available for customers to fully utilise the Mobile Banking channel.http://www.archive.bankofbaroda.in/writereaddata/images/pdf/Services-Offered-04-01-2019.pdf

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  • Is the capital brought into India for the revival of the sick industrial unit allowed to be repatriated?

    Yes.

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