Product Details
Bank Name
Bank of Baroda
Account Name
Bank of Baroda Bro Saving Account
Account Type
Savings Account
Interest Rate
Upto 1 lakh -2.75%p.a and Above 1 lakh but less than 100cr - 2.75%p.a
Free Debit Card
Rupay Platinum debit card
Account Opening Fees
0
Debit Card Charges
NIl
Annual Maintenance Fees
0
NEFT Charges
Free online
Minimum Account Balance
0
IMPS Charges
Free online
Fees and Charges of
Bank of Baroda Bro Saving Account
Bank of Baroda Bro Saving Account
Special Features
Upto 100% concession in Demat AMC.
Zero education loan processing fee with a reduced rate of interest.
Eligibility Criteria
All resident students aged between 16 to 25 years. Joint account is allowed with parent and guardian.
Benefits
Features, Eligibility and Benefits of
Bank of Baroda Bro Saving Account
Pros & Cons of
Pros
No minimum balance requirement.
Free NEFT/RTGS/IMPS/UPI
Free chequebook.
1 free DD/banker cheque per annum.
Free SMS alerts service.
Upto 100% concession in Demat AMC.
Zero education loan processing fee with a reduced rate of interest.
Cons
Very basic account.
Low interest rates.
Bank of Baroda Bro Saving Account
Bank of Baroda Bro Saving Account
The account comes with low interest rate and offers average 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
Bank of Baroda Bro Saving Account
Account Opening and Procedure of
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.