Bank of Baroda Salary Account
Bank of Baroda offers different types of Salary Accounts which are specialized bank accounts designed for individuals who receive a regular salary. They offer numerous benefits such as zero balance requirement, unlimited transactions across ATMs of any bank in India and a complimentary personal accident insurance cover. Customers can also avail of discounted rates on retail loans, depository services and locker rentals. With convenient features like online banking facilities, SMS alerts and multi-city cheques, BOB Salary Accounts provide a comprehensive banking experience to meet the specific needs of salaried individuals.
Baroda Salary Classic Account
Bank of Baroda offers a salary account specially designed for individuals who recieve a net monthly salary credit below Rs. 50,000. One may experience an array of advantages associated with Bank of Baroda Salary Classic Account. You may get all the benefits of a multi-faceted salary account that meets your diverse financial requirements. Applicant is allowed to open it with zero balance requirement also subject to immediate salary credit in the following month.
Features
Enjoy an overdraft facility of up to Rs. 50,000, a complimentary Baroda Easy Credit Card, waived processing charges on retail loans, a 5% discount on locker rentals and a complimentary zero balance account for your spouse with Bank of Baroda. You can take advantage of the sweep facility to maximize your savings, avail discounts on depository services and stay informed with free SMS and email alerts. Customers experience the convenience and benefits of these offerings by choosing Baroda Salary Classic Account. Further, discounts on locker rentals, demat AMC, debit card issuance and renewal fee and issuance fee of prepaid cards will also be provided. You will also get a complementary Air Accidental Insurance of 15 lakhs and other accidental insurance cover of 5 lakhs (Insurance linked to credit card).
Special Benefits
- Account holder will get 5% discount on locker rentals
- Waiver of 50% in depository services charges
- 25% waiver on processing charges for housing loan, auto loan, education loan and mortgage loans
- 100% waiver in processing charges for personal loan
- 10% discount on locker rentals
- 50% waiver on issuance charges for gift/ travel card
Overdraft Facility
Overdraft facility will be available immediately after 3 salary credits. The amount of overdraft will be equivalent to the net credit of average of last 3 salary credit rounded off in multiples of the nearest figure in thousand. Maximum overdraft amount will be Rs. 50,000. Overdraft needs to be adjusted in full once in 60 days of availing the same.
Debit Card Variant under Baroda Salary Classic Account
The Baroda Rupay Classic Debit Card is provided free of cost for the first year, with subsequent charges of Rs. 150 plus applicable taxes per year. It offers a daily cash withdrawal limit of Rs. 25,000 and an online purchase limit of Rs. 50,000. Additionally, the debit card comes with built-in accidental insurance coverage of Rs. 1 lakh. Enjoy the benefits of attractive offers and deals associated with the Baroda Rupay Classic Debit Card.
Eligibility Criteria
Individuals receiving minimum salary credit Rs. 10,000 and a net monthly salary credit below Rs. 50,000 are eligible to open Baroda Salary Classic Account. Age of the account holder should be 18 Years and above.
Documents Required
- Permanent Account Number (PAN)/ FORM60
- Officially Valid Document (anyone): Passport, Driving license with photo, Proof of possession of Aadhaar Number, Voter's Identity Card issued by Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government, letter issued by the National Population Register containing details of Name and Address.
Fees & Charges
- Charges for Non-maintenance of QAB: Nil
- Cheque Book: Free 50 cheque leaves per year, thereafter standard charges will be levied
- Demand Draft/ Banker's Cheque: 3 DD/BC free per quarter
- Debit Card Charges: Free Baroda Rupay Classic Debit Card for the first year, thereafter standard charges will be levied
- SMS Alert: Free
- Internet Banking Usage Charges: Free
- Mobile Banking Usage Charges: Free
Baroda Salary Super Account
Baroda Salary Super Account is designed for those who want to achieve optimal savings. It is a highly coveted account which comes with a host of features, making it the top choice for individuals with a net monthly salary of up to Rs. 1 Lakh. By opening a Baroda Salary Super Account, you gain access to a world of super savings opportunities as it allows you to maximize your financial growth every day. Baroda Salary Super Account is suitable for Junior Management.
Features & Benefits
- Lifetime free Baroda Select credit card for uninterrupted financial convenience.
- A complimentary zero balance account for your spouse, promoting joint financial management.
- Access to an overdraft facility of up to Rs. 1 lakh.
- Enjoy a 100% waiver in processing charges for Personal Loans, making them more affordable.
- Avail a 100% discount on depository services and Demat AMC charges, simplifying your investment portfolio management.
- Enjoy a 50% waiver in processing charges on retail loans, making borrowing more affordable.
- Get a 50% waiver on issuance charges for gift/travel cards, making them an ideal choice for gifting or travel needs.
- Benefit from a 5% discount on locker rentals, ensuring the safety of your valuable possessions at a reduced cost.
- Avail a discount on depository services, simplifying your investment journey.
- Request for the sweep facility to optimize your savings and earn higher interest rates.
- Stay informed with free alerts about your account activities and transactions.
Special Benefits
- Account holder will get discount on locker rentals
- Free remittance facility on RTGS/ NEFT/ IMPS
- Waiver on processing charges for retail loans
- Complementary Air Accidental Insurance of Rs 15 lakhs and other Accidental Insurance cover of Rs 5 lakhs (Insurance linked to credit card)
- Relationship Managers available on phone.
Eligibility Criteria
Individuals receiving minimum salary credit Rs. 50,000 and a net monthly salary credit up to Rs. 1 lakh are eligible to open Baroda Salary Super Account. Age of the account holder should be 18 Years and above.
Documents Required
- Permanent Account Number (PAN)/ FORM60
- Officially Valid Document (anyone): Passport, Driving license with photo, Proof of possession of Aadhaar Number, Voter's Identity Card issued by Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government, letter issued by the National Population Register containing details of Name and Address.
Overdraft Facility
Overdraft facility will be available immediately after 2 salary credits. The amount of overdraft will be equivalent to the net credit of average of last 2 salary credit rounded off in multiples of the nearest figure in thousand. Maximum overdraft amount will be Rs. 1,00,000. Overdraft needs to be adjusted in full once in 60 days of availing the same.
Fees & Charges
- Charges for Non-maintenance of QAB: Nil
- Cheque Book: Free 75 cheque leaves per year, thereafter standard charges will be levied
- Demand Draft/ Banker's Cheque: 3 DD/BC free per quarter
- Debit Card Charges: Free Debit Card for the first year, thereafter standard charges will be levied
- SMS Alert: Free
- Internet Banking Usage Charges: Free
- Mobile Banking Usage Charges: Free
Baroda Salary Premium Account
Baroda Salary Premium Account is designed for middle management employees to easily shuffle and use their funds. It comes with a lot of features, making it the top choice for individuals with a net monthly salary from Rs.1 lakh to Rs.2 Lakh. By opening a Baroda Salary Premium Account, you gain access to a world of super savings opportunities as it allows you to maximize your financial growth every day. Baroda Salary Premium Account is suitable for middle management.
Features & Benefits
- Life time free Visa Sapphire Debit card.
- Life time Free PREMIER CREDIT CARD
- A complimentary zero balance account for your spouse promoting joint financial management.
- Access to an overdraft facility of up to Rs.3 lakh.
- Enjoy a 100% waiver in processing charges for Personal Loan making it more affordable.
- Avail a 100% discount on depository services and Demat AMC charges simplifying your investment portfolio management.
- Enjoy a 100% waiver in processing charges on retail loans to make borrowing more affordable.
- Get a 75% waiver on issuance charges for gift/travel cards making them an ideal choice for gifting or travel needs.
- Benefit from a 40% discount on locker rentals which is used for the safety of your valuable possessions at a reduced cost.
- Request for the sweep facility to optimize your savings and earn higher interest rates.
- Stay informed with free SMS/ Email alerts about your account activities and transactions.
Special Benefits
- Account holder will get discount on locker rentals
- Free remittance facility on RTGS/ NEFT/ IMPS
- Minimum Quarterly Average Balance (QAB) requirement is NIL
- Waiver on processing charges for retail loans
- Free personal accident cover upto Rs.40 lakhs with additional air accident cover
- Relationship Managers available on phone
Eligibility Criteria
Individuals receiving gross monthly salary above Rs. 1 lakh to Rs. 2 lakh are eligible to open Baroda Salary Premium Account. Only indian citizens can open this account and NRI customers are not eligible for the same. Age of the account holder should be from 18 to 60 Years (salaried customer having account in the scheme before retirement can continue the account till attending the age of 70 years subject to crediting of pension in the account).
Documents Required
- Permanent Account Number (PAN)/ FORM 60
- Salary related documents such as Latest Salary Slip, Appointment Letter etc
- Officially Valid Document (anyone): Passport, Driving license with photo, Proof of possession of Aadhaar Number, Voter's Identity Card issued by Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government, letter issued by the National Population Register containing details of Name and Address.
Overdraft Facility
Overdraft facility will be available immediately after 2 salary credits. The amount of overdraft will be equivalent to the net credit of average of last 2 salary credit rounded off in multiples of the nearest figure in thousand. Overdraft facility will be available from Rs.50,000 to Rs.3 lakh in overdraft capacity depending on your salary band. Overdraft needs to be adjusted in full once in 60 days of availing the same.
Fees & Charges
- Charges for Non-maintenance of QAB: Nil
- Cheque Book: Free unlimited cheque books
- Demand Draft/ Banker's Cheque: Free unlimited DD/BC
- Debit Card Charges: Free Debit Card for life time
- SMS Alert: Free
- Internet Banking Usage Charges: Free
- Mobile Banking Usage Charges: Free
Baroda Salary Privilege Account
Baroda Salary Privilege Account is designed for the top management as it reflects the status of an individual. It comes with a lot of features, making it the top choice for individuals with a gross salary credit of more than Rs.2 lakh per month. Baroda Salary Privilege Account is suitable for top management of a company.
Features & Benefits
- Lifet Time Free Visa Sapphire Debit card (Renewal & Issuance Charges).
- Life time Free PREMIER CREDIT CARD
- A complimentary zero balance account for your spouse promoting joint financial management.
- Access to an overdraft facility of up to Rs.3 lakh.
- Enjoy a 100% waiver in processing charges for Home Loan making it more affordable.
- Avail a 100% discount on depository services and Demat AMC charges simplifying your investment portfolio management.
- Enjoy a 100% waiver in processing charges on retail loans such as Auto, Education & Personal Loans to make borrowing more affordable.
- Get a 100% waiver on issuance charges for gift/travel cards making them an ideal choice for gifting or travel needs.
- Benefit from a 50% discount on locker rentals which is used for the safety of your valuable possessions at a reduced cost.
- Request for the sweep facility to optimize your savings and earn higher interest rates.
- Stay informed with free SMS/ Email alerts about your account activities and transactions.
Special Benefits
- Account holder will get discount on locker rentals
- Free remittance facility on RTGS/ NEFT/ IMPS
- Minimum Quarterly Average Balance (QAB) requirement is NIL
- Waiver on processing charges for retail loans
- Free personal accident cover upto Rs.50 lakhs with additional air accident cover
- Relationship Managers available on phone
Eligibility Criteria
Individuals receiving gross monthly salary above Rs. 1 lakh to Rs. 2 lakh are eligible to open Baroda Salary Privilege Account. Only indian citizens can open this account and NRI customers are not eligible for the same. Age of the account holder should be from 18 to 60 Years (salaried customer having account in the scheme before retirement can continue the account till attending the age of 70 years subject to crediting of pension in the account).
Documents Required
- Permanent Account Number (PAN)/ FORM 60
- Salary related documents such as Latest Salary Slip, Appointment Letter etc
- Officially Valid Document (anyone): Passport, Driving license with photo, Proof of possession of Aadhaar Number, Voter's Identity Card issued by Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government, letter issued by the National Population Register containing details of Name and Address.
Overdraft Facility
Overdraft facility will be available immediately after 1st salary credit. Overdraft facility will be available for maximum up to Rs.3 lakh. Amount of overdraft is equivalent to the net credit of first salary rounded off to the nearest figure in thousands. Overdraft needs to be adjusted in full once in 60 days of availing the same.
Fees & Charges
- Charges for Non-maintenance of QAB: Nil
- Cheque Book: Free unlimited cheque books
- Demand Draft/ Banker's Cheque: Unlimited DD/BC free
- Debit Card Charges: Free Debit Card for life time
- SMS Alert: Free
- Internet Banking Usage Charges: Free
- Mobile Banking Usage Charges: Free
Salary and Pension Solutions for Indian Central Forces Personnel
BOB has introduced the Central Forces Salary & Pension Account, a unique savings cum pension account specially designed for the esteemed armed forces of India. You can get a range of benefits, including an overdraft facility of up to Rs. 3 Lakhs, providing you with financial flexibility and peace of mind by applying with BOB.
Eligibility Criteria
For salaried employees:
- Age of the applicant should be 18 Years and up to 60 Years or retirement age, whichever is earlier
- Regular employees of Assam Rifles, Border Security Forces, GREF (Border Roads Organization - BRO), Indo-Tibetan Border Police, Sashastra Seema Bal, Central Industrial Security Force, Central Reserve Police Force, Railway Protection Force, National Disaster Response Force, Special Security Forces can open this account
- Scheme will be applicable after credit of 1 month salary of the employee and thereafter regular salary credit in the account
For pensioner:
Scheme will be applicable after credit of 1 month pension to the pensioner's account and thereafter regular pension credit in the account.
Documents Required
- Permanent Account Number (PAN)/ FORM60
- Employee ID/ Service certificate for Salary Accounts (or) Pension orders (PPOs) issued to retired employees by concerned organisation for Pension Accounts
- Officially Valid Document (anyone): Passport, Driving license with photo, Proof of possession of Aadhaar Number, Voter's Identity Card issued by Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government, letter issued by the National Population Register containing details of Name and Address.
Free Personal Accident Cover on Salary account
Following features and benefits of insurance coverage offer comprehensive protection against unfortunate events and ensure financial security for policyholders and their families.
- PAI Death Cover: On-duty coverage for Personal Accident Insurance (PAI) up to Rs. 75 Lakhs and Off-duty coverage up to Rs. 60 Lakhs.
- Permanent Total/Partial Disability cover up to Rs. 60 Lakhs, providing financial protection in case of disability.
- Air Accident Insurance Cover up to Rs. 100 Lakhs, ensuring comprehensive coverage for accidents during air travel.
- Inclusion of deaths in active operations in Personal Accident Insurance, offering coverage for unfortunate incidents during duty.
- Transportation of Dead body coverage for actual costs or Rs. 50,000/-, whichever is lower, facilitating the respectful transportation of deceased individuals.
- Cost of Plastic Surgery/Burn coverage up to Rs. 2 Lakhs, supporting the expenses related to plastic surgery or burn treatment.
- Daughters' Marriage Cover (for 18-25 years of age) providing coverage of up to Rs. 6 Lakhs for wedding expenses.
- Child Higher Education cover offering financial support of up to Rs. 6 Lakhs for the education of children.
- Additional Personal Accidental Death and Permanent Total Disability cover of Rs. 10 Lakhs on available Yoddha Debit Card - Rupay variant, ensuring enhanced protection for Yoddha Debit Card holders.
- Additional Personal Accidental Death Cover (Air & Non-Air) of Rs. 20 Lakhs on available Co-branded Credit Card, providing additional coverage for accidental death on eligible Co-branded Credit Cards.
Free Personal Accidental Insurance Offerings for pensioner
These insurance covers provide an added layer of financial security, ensuring that you and your loved ones are protected in case of any unfortunate events.
- Personal Accident Insurance (PAI) Death Cover: Provides a comprehensive personal accident cover for pension account holders.
- PAI Death Cover: Enjoy an extensive coverage of up to Rs. 35 Lakhs on pension accounts, ensuring financial security for unforeseen circumstances.
- Permanent Total/Partial Disability Cover: Receive protection against permanent total or partial disability with coverage of up to Rs. 35 Lakhs.
- Additional Personal Accidental Death and Permanent Total Disability Cover: Benefit from an extra coverage of Rs. 10 Lakhs on the available Yoddha Debit Card (Rupay variant), enhancing your financial protection.
- Additional Personal Accidental Death Cover (Air & Non-Air): Avail of an additional cover of Rs. 20 Lakhs for personal accidental death (both air and non-air) on the available Co-branded Credit Card, further enhancing your peace of mind.
Special Offer
- Lifetime Free Yoddha Debit Card
- 50% waiver on Locker Rentals
- 100% waiver on Demat Annual maintenance charges
- 75% waiver on issuance charges for Gift and Travel Card
- Baroda Radiance Program for Customers with Net Relationship Value of Rs. 30 Lakhs and above
- Salary Overdraft up to Rs. 3.00 Lakhs
- Personal Loan upto Rs. 20 lakhs at attractive pricing
- Pre-approved Loans available
- Nomination facility available
- Benefits in Yoddha Debit card
Fees & Charges
- Charges for Non-maintenance of QAB: Nil
- Cheque Book: Free Unlimited
- Demand Draft/ Banker's Cheque: Free Unlimited
- Debit Card Charges: Free Yoddha Debit Card
- SMS Alert: Free
- Internet Banking Usage Charges: Free
- Mobile Banking (bob World App) Usage Charges: Free