Product Details
Bank Name
Bank of Baroda
Account Name
bob Government Employee Salary Account
Account Type
Salary 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
Yes
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
bob Government Employee Salary Account
Special Features
Unlimited Free NEFT / RTGS / IMPS / UPI transactions.
Unlimited Free DD/BC.
Sweep facility available on specific request.
Upto 100% discount on issuance/renewal of prepaid/gift card.
Lifetime free Select /Premier credit card.
Eligibility Criteria
Serving Permanent, Confirmed and Regular Employees of the following Organizations/Departments:-
Central Government
State Government
State and Central Public Sector Undertakings (PSU)
Employees of Local Bodies (Central, UT & State)
Employees of Companies with major holding of Govt. (State / Central)
Age - 18-60 Years
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Personal accident insurance cover between age 18 -70 years.
Upto 100% waiver in processing charges on Home loans, Auto loans, Education loans and Personal loans.
Unlimited Free NEFT / RTGS / IMPS / UPI transactions.
Unlimited Free DD/BC.
Sweep facility available on specific request.
Upto 100% discount on issuance/renewal of prepaid/gift card.
Lifetime free Select /Premier credit card.
Cons
Low interest rates.
bob Government Employee Salary 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.