Product Details
Bank Name
Bank of Baroda
Account Name
Baroda Advantage Saving Account
Account Type
Saving
Interest Rate
Upto 1 lakh and -2.75% and Above 1 lakh but less than 100cr -2.75%p.a
Free Debit Card
You can choose any of the debit cards offerred by Bank of Baroda, charges will depend on the card chosen.
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 2000 for urban branches and INR 1000 for rural branches.
Debit Card Charges
You can choose any of the debit cards offerred by Bank of Baroda, charges will depend on the card chosen.
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Baroda Advantage Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
NEFT and IMPS tranfer are free.
The minimum balance requirement is low.
Free chequebook (one every year).
Free passbook is provided to the user.
Cons
Low interest rate.
Few value add featues.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Online Method
Download the app: Download the Bank of Baroda mobile app, "bob World," on your smartphone.
Start the application: Open the app and look for the "Open a Savings Account Digitally" option.
Provide details: Enter your mobile number, product type, and sub-product. Click "Generate OTP" to receive a verification code.
Enter information: Provide your PAN card and Aadhaar card numbers along with other required details.
Verification: The bank officials will verify your provided details and contact you for further verification.
Complete Video KYC: You'll need to complete a Video KYC process for final verification.
Offline Method
Visit a branch: Go to your nearest Bank of Baroda branch.
Collect the form: Ask for the savings account opening form.
Fill in the details: Fill out the application form accurately.
Submit the form: Submit the filled-out form along with copies of your KYC documents (Aadhaar card, PAN card, proof of identity, and proof of address) and passport-size photographs.
Verification: The bank will verify your documents and process your application.