Bank of Baroda Champ Account

The Bank of Baroda has grown to be an even more powerful public bank. Bank of Baroda offers minors under the age of 18 a savings account for Minors as one of its many banking products.

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No Minimum Balance Requirement

No charges on school fee payment

Theme Based RuPay Debit Card

No charges on School Fee Payment.
DD free per month for fee payment (to a maximum amount of Rs.1 lac).
NEFT/ IMPS (outward & inward) free for an amount of Rs.1 lac per month.
Theme-Based RuPay Baroda Champ Debit Card issuance available to applicant individually above 10 years of age.
No issuance charges on Debit Card. Renewal charges will be applicable.
Internet Banking facility available, subject to min. age of accountholder is 10 years.
Mobile Banking facility available, subject to min. age of accountholder is 10 years.
Auto / Reverse Sweep with flexibility in threshold and Sweep out amount: Auto transfer of funds exceeding Rs.10,000/- to short deposit with a minimum of Rs. 5,000/- for 180 days and auto retransfer to the account from short deposit, in case funds are required in the Savings Bank account in multiple of Rs.5,000/- to bring you higher interest with high liquidity.
Nomination Facility is available.

The verdict

A Bank of Baroda Champ account can be the ideal choice for you if you're a parent and you want to establish in your child a fantastic habit of saving money.

Rating

4.5

How to get

Visit the offical website or local brancg for more information

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