Mobile Number in account will be Mandatory for the issuance of Personalized Cheque Book
Bank announces Financial Results for Quarter ended, 30th September 2025.
As an enhanced security measure, our official Corporate Website has migrated to a new domain : https://bankofbaroda.bank.in
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
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Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Experience a smarter way to pay with programmable digital rupee
Note : The Bank may use the services of agents in sales/marketing etc. of its various products.
Programmable - CBDC is a digital form of legal tender issued and regulated by the Reserve Bank of India, designed with embedded programmability features. The digital rupee will be programmable across multiple merchant categories, specific merchant ids, location and even expiry
PCBDC use case “Merchant Loyalty/Cashback program
During the campaign period, any customer who make the purchase by using the bob World Digital Rupee (CBDC) application, will get the cashback in the form of PCBDC from the merchant as per the prevailing offer at the merchant outlet and this PCBDC can only be used at the designated merchant outlet only till the expiry of the PCBDC during any of customer’s next purchases
Disbursement of Programmable CBDC to any Bank’s CBDC customer with defined purpose
PCBDC use case “Merchant Loyalty/Cashback program”
Disbursement of Programmable CBDC to our Bank’s as well as other Bank’s CBDC users
Criteria for CBDC merchant-
Merchants/Vendors/Shops having account with Bank of Baroda and registered in CBDC as merchant
Any eligible CBDC user of Bank
Criteria for CBDC User-
Nil
For details, please visit nearest branch.
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Frequently Asked Questions (FAQs)
The RBI will create tokens, and issue them to financial entities called Token Service Providers (TSPs), which are the banks selected for the Digital Rupee Pilot Program. The TSP will then distribute the tokens to interested parties/customers. The digital Rupee tokens will work in the same way as bank notes/coins, and you can use them in lieu of cash.
You may store digital Rupees in your bank’s digital wallet CBDC-R app. The digital wallet works in the same way as your cash wallet, except these transactions will be entirely paperless.
e₹ is closest in comparison to cash. When you pay cash, the physical note/coin goes from your wallet to someone else’s. Similarly, a user transfers e₹ from their e₹ Wallet to someone else’s.
Unlike e₹, which is a currency, UPI is only a payment system which allows transfer of money from one bank account to another through an intermediary.
A cryptocurrency is a decentralized asset where transactions between parties are settled by a pool of users. In e₹, the central bank takes responsibility for ensuring the transactions are settled.
Besides, e₹ will enjoy the same stability in value as the rupee while cryptocurrencies can be very volatile.
Central Bank Digital Currency (CBDC) also known as “Digital Rupee” or “e₹” is a legal tender, similar to sovereign paper currency, and is issued in digital form by the Reserve Bank of India. e₹ will offer features of physical cash like trust, safety and settlement finality with atomicity (i.e. immediate settlement of transactions) in digital mode. e₹ represents a direct claim on the central bank. It can be used to carry out transactions or store value digitally, similar to the manner in which currency notes can be used in physical form.
e₹ is a form of money, a digital representation of physical currency, whereas UPI or other fund transfer modes are forms of payment. Therefore, usage of e₹ is not limited to payments. e₹ also serves the purpose of ‘unit of account’ and importantly, ‘store of value’ as it represents a claim on the Reserve Bank’s balance sheet. Moreover, e₹ will have additional attributes specific to currency which will be tested in future pilots.
No. e₹ is digital form of currency notes unlike other cryptocurrencies such as bitcoin. e₹ has intrinsic value and is regulated by the RBI. e₹ will always have same value as of physical bank currency notes which is a legal tender issued by the central bank unlike crypto assets such as bitcoin. Cryptos like bitcoin do not exhibit any features of a currency, do not have any intrinsic value, and are neither backed by assets nor issued by a central trusted authority.
No. Reserve Bank of India in its concept note states that e₹ is aimed to complement and create an alternate to physical currency and not replace current forms of money. It is envisaged to provide additional avenue of handling money to users.
No. In the first pilot, payments can be accepted only by merchants and individuals who are included in the closed user group.
Below are the simple steps to follow to install the app and register for CBDC (e₹). Please note that you will only be able to register on the app if you are selected for the first pilot of e₹.
Bank of Baroda has sent details along with link via SMS on your registered mobile number. An email also is sent to registered email ID with details and link. You can search the email with Subject line “Invitation to participate in the first pilot of Central Bank Digital Currency - Retail (Digital Rupee - e₹)”
e₹ has fixed denominations akin to the existing physical currency denominations.
Click here to see the list of merchants who are part of the current pilot program.
As it is the first pilot launched by the Reserve Bank, Bank of Baroda has rolled out invites to few customers only as of now. Invitees would have been received by SMS / Email or WhatsApp from the Bank of Baroda on their registered mobile nos. and email ids.
It is currently available for use only on Android devices.
Yes, e₹ is safe and secure. There is a robust cyber-security framework to ensure that e₹ is kept secure.
e₹ is India’ official digital currency that is being issued by the Reserve Bank of India and it can only be held in a e₹ wallet issued by banks. This wallet can be linked to your existing Bank of Baroda account. The wallet is a digital representation of your physical wallet and e₹ can be withdrawn/ deposited from your existing bank account into this wallet.
Only one e₹ wallet can be held in a particular bank against the registered mobile number.
During this pilot, Bank of Baroda’s savings account is mandatory for customers and current account is mandatory for merchants to use e₹ (Digital rupee) in the pilot.
Non- Bank of Baroda customers cannot use Bank of Baroda e₹ (Digital rupee) app in pilot, as they are not invited by Bank of Baroda for e₹ (Digital rupee) Pilot. However, they may use their own bank Digital rupee wallet to transact with e₹ (Digital rupee), if they are invited for pilot by respective bank.
No. “Digital Rupee” or “e₹” is a legal tender, similar to sovereign paper currency, therefore, this is not applicable.
No, as it is Digital form of currency note, there is no interest paid on digital currency in your e₹ wallet.
No. There are no charges/fees associated with e₹ or e₹ wallets.
No. e₹ cannot be directly used via ATM cards or online banking. e₹ can be used to make payments to merchants and individuals, who are also included in the group, by using your e₹ wallet.
No. e₹ can only be transferred to e₹ (Digital Rupee) wallet. However, you can redeem e₹ from the e₹ wallet to your linked bank account.
You may have to wait till your transaction get either successful or fail.
Yes, you will receive an SMS for every financial transaction involving e₹.
No. The value of e₹ is equivalent a physical currency. There is no interest paid on e₹.
You can recover your wallet by using the same phone number/sim on e₹ (Digital rupee) wallet.
In case you input the wrong PIN more than 3 times as day, then the transaction on e₹ app will be temporarily blocked. Customer need to reset the Wallet PIN or wait for 24 hours to unlock.
You can contact Customer Care at 18002584455.
You can raise disputes via e₹ wallet or you can reach out to our customer care for further enquiries. You can contact Customer Care at 18002584455.
In such cases, money will be refunded back to your account. Sometimes this takes longer than intended. If you do not receive the refund within 48 hours( during pilot phase), please raise a dispute on the e₹ app or contact Customer Care. You can contact Bank of Baroda customer Care at 18002584455
All transactions are instant and are available 24/7.
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