Product Details
Bank Name
Bank of Baroda
Account Name
Baroda Platinum Saving Bank 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
Visa Platinum Chip
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
1,00,000
Debit Card Charges
0
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Baroda Platinum Saving Bank Account
Special Features
100% waiver on demat AMC charges.
10% discount on annual locker charges.
50% waiver on issuance charges of gift card.
50% waiver on issuance charges of travel card.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No charges for cash deposits of up to Rs. 1 lakh per day.
Sweep facility available on request.
Unlimited chequebooks are available.
100% waiver on demat AMC charges.
10% discount on annual locker charges.
50% waiver on issuance charges of gift card.
50% waiver on issuance charges of travel card.
Cons
Low interest rates.
High quarterly average balance requirements
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Product Review
Account Opening and Procedure
How to open an Account?
You can open a savings account in Bank of Baroda either online or offline. Here's a breakdown of both methods:
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.