Product Details
Bank Name
Bank of Baroda
Account Name
Salary Package for the Brave Beginners- Agniveers
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
Agniveer Debit Card
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
Salary Package for the Brave Beginners- Agniveers
Special Features
Personal Accident Insurance (PAI) death cover: On-duty PAI cover ₹ 75 Lakhs and Off-duty PAI cover ₹ 60 Lakhs.
Permanent Total/ Partial Disability cover upto ₹ 60 lakhs.
Air accident insurance cover of ₹ 100 lakhs.
Cost of Plastic Surgery/Burn up to ₹ 2 lakhs.
Eligibility Criteria
Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for insurance cover only on attaining age of 18 years. Scheme is applicable for Personnel recruited under Agnipath scheme as Agniveers
Scheme will be applicable after credit of one month salary and thereafter regular salary credit in the account
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Personal Accident Insurance (PAI) death cover: On-duty PAI cover ₹ 75 Lakhs and Off-duty PAI cover ₹ 60 Lakhs.
Permanent Total/ Partial Disability cover upto ₹ 60 lakhs.
Air accident insurance cover of ₹ 100 lakhs.
Cost of Plastic Surgery/Burn up to ₹ 2 lakhs.
50% waiver on locker rentals.
100% waiver on Demat annual maintenance charges.
75% waiver on issuance charges for Gift and Travel card.
Cons
Low interest rates.
Application Procedure
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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.