Bank of Baroda| bob Government Employee Salary Account account Interest Rates, Minimum Balance, Features

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

Debit Card Charges

NIL

Annual Maintenance Fees

NEFT Charges

Free online

Minimum Account Balance

IMPS Charges

Free online

Fees and Charges of

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 of

bob Government Employee Salary Account

Pros & Cons of

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

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

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

bob Government Employee Salary 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.

Application Procedure

bob Government Employee Salary Account