Product Details
Bank Name
Bank of Baroda
Account Name
bob Masterstroke Saving Bank 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
Visa Opulence Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Rs. 10,00,000 or Rs. 5 lakh QAB and Rs. 10.00 Lakhs term deposit
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
bob Masterstroke Saving Bank Account
Special Features
100% discount on annual locker charges.
100% waiver of processing charges on retail loans.
Up to 0.25% concession in interest rates of retail loans.
100% waiver on demat AMC charges.
Users will get a lifetime free Eterna credit card.
Users can avail of various benefits through Visa Opulence debit card like: unlimited airport lounge visits, Dining benefits, Golf sessions, etc.
Eligibility Criteria
All Individuals (including NRI)
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
The cash withdrawal limit on ATMs is Rs 5 lakh per day.
Purchase limit of Rs.10 lakhs per day.
Free unlimited NEFT/RTGS/IMPS transactions.
Unlimited chequebooks.
Sweep facility available on request.
100% discount on annual locker charges.
100% waiver of processing charges on retail loans.
Up to 0.25% concession in interest rates of retail loans.
100% waiver on demat AMC charges.
Users will get a lifetime free Eterna credit card.
Users can avail of various benefits through Visa Opulence debit card like: unlimited airport lounge visits, Dining benefits, Golf sessions, etc.
Cons
A high quarterly average balance (QAB) is required.
Low interest rates.
Application Procedure
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Product Review
Account Opening and Procedure
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.