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Product Details
Bank Name

Bank of Baroda

Account Name

Baroda Salary Premium Account

Account Type

Salaried

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 Sapphire debit card

Baroda Salary Premium Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

0

Debit Card Charges

NIL

NEFT Charges

Free if done online.

IMPS Charges

Free if done online.

Fees and Charges

Baroda Salary Premium Account

75.7
Special Features


  • Lifetime free Premier credit card.

  • 100% waiver in processing charges on retail loans (Home, Auto, Educational, Personal loans).

  • 40% discount on locker rentals.

  • 100% discount on depository services.

  • Free and unlimited DD/BC services.

  • 75% waiver on issuance charges for gift/travel card.

  • Complementary zero balance account for the spouse.

Eligibility Criteria

Gross monthly salary above Rs. 1 lakh to Rs. 2 lakh

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Personal accidental insurance cover of 40 lakhs.

  • Inbuilt overdraft facility upto Rs. 2,00,000.

  • Lifetime free Premier credit card.

  • 100% waiver in processing charges on retail loans (Home, Auto, Educational, Personal loans).

  • 40% discount on locker rentals.

  • 100% discount on depository services.

  • Free and unlimited DD/BC services.

  • 75% waiver on issuance charges for gift/travel card.

  • Complementary zero balance account for the spouse.

Cons
  • Low interest rate.

  • High gross monthly salary requirements.

Application Procedure

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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

  1. Download the app: Download the Bank of Baroda mobile app, "bob World," on your smartphone.

  2. Start the application: Open the app and look for the "Open a Savings Account Digitally" option.

  3. Provide details: Enter your mobile number, product type, and sub-product. Click "Generate OTP" to receive a verification code.

  4. Enter information: Provide your PAN card and Aadhaar card numbers along with other required details.

  5. Verification: The bank officials will verify your provided details and contact you for further verification.

  6. Complete Video KYC: You'll need to complete a Video KYC process for final verification.

Offline Method

  1. Visit a branch: Go to your nearest Bank of Baroda branch.

  2. Collect the form: Ask for the savings account opening form.

  3. Fill in the details: Fill out the application form accurately.

  4. 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.

  5. Verification: The bank will verify your documents and process your application.

Application Procedure
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