Product Details
Bank Name
Bank of Baroda
Account Name
Baroda Salary Super Account
Account Type
salaried
Interest Rate
Upto 1 lakh-2.75% and Above 1 lakh but less than 100cr -2.75 %p.a
Free Debit Card
Baroda Rupay Platinum
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 Super Account
Special Features
Lifetime free Baroda Select credit card.
50% waiver in processing charges on retail loans (Home, Auto, Educational, Personal loans).
100% waiver on processing charges on gold loans.
30% discount on locker rentals.
75% discount on depository services.
Eligibility Criteria
Gross monthly salary More than Rs. 50,000/- to Rs. 1 Lakh
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Personal accidental insurance cover of 30 lakhs.
Inbuilt overdraft facility upto Rs.1,00,000.
Lifetime free Baroda Select credit card.
50% waiver in processing charges on retail loans (Home, Auto, Educational, Personal loans).
100% waiver on processing charges on gold loans.
30% discount on locker rentals.
75% discount on depository services.
Free and unlimited DD/BC services.
Cons
Low interest rates.
High gross salary requirements.
Baroda Salary Super Account Review
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of 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?
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.