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.

No Minimum Balance Requirement

No charges on school fee payment

Theme Based RuPay Debit Card

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  • 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

Compare a range of digital bank accounts in India 

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Bank of Baroda Champ Account

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A fun way to help your children between the ages of 0-18 years save money at an early age.