Product Details
Bank Name
Bank of Baroda
Account Name
Baroda Champ Account
Account Type
Saving
Interest Rate
Upto 1 lakh -2.75%p.a and Above 1 lakh but less than 100cr - 2.75%p.a
Free Debit Card
Yes RuPay Baroda Champ Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Rs 150+ applicable taxes per year.
NEFT Charges
Free for an amount of Rs.1 lac per month.
IMPS Charges
Free for an amount of Rs.1 lac per month.
Fees and Charges
Baroda Champ Account
Special Features
No charges on school fee payment and 1 DD free per month for fees payment (maximum amount of Rs 1 lacs)
Eligibility Criteria
Children between the ages of 0-18 years save money at an early age.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Internet banking facility available to applicants of 10 yrs and above
No minimum balance requirement.
Theme-based RuPay debit card.
Auto/Reverse sweep with flexibility.
Nomination facility is available.
Cons
Low interest rates.
Veru few features.
Baroda Champ Account Review
The account comes with low interest rate and offers minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
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.