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
Debit Card Charges
NIL
Annual Maintenance Fees
0
NEFT Charges
Free if done online
Minimum Account Balance
0
IMPS Charges
Free if done online
Fees and Charges of
Baroda Salary Super Account
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 of
Baroda Salary Super Account
Pros & Cons of
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
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
Review of
Baroda Salary Super Account
Account Opening and Procedure of
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.