Product Details
Bank Name
Bank of Baroda
Account Name
bob LITE Savings Account
Account Type
Saving 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
Not specified by the bank.
Account Opening Fees
Debit Card Charges
Not specified by the bank.
Annual Maintenance Fees
NEFT Charges
Free online
Minimum Account Balance
IMPS Charges
Free online
Fees and Charges of
bob LITE Savings Account
Special Features
- No minimum balance requirements.
Eligibility Criteria
- All Individuals
- Age : 14 years or above
- For New to Bank customers only
Benefits
Features, Eligibility and Benefits of
bob LITE Savings Account
Pros & Cons of
Pros
- No minimum balance requirements.
- These accounts can be opened in areas where the network of bank branches has not reached through the help of business correspondents.
Cons
- Very basic account.
bob LITE Savings Account
Bank of Baroda LITE Savings Account
The account comes with low interest rate and offers minimal 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 LITE Savings 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.
Application Procedure
bob LITE Savings Account
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:49:42Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
