Bank of Baroda Jeevan Suraksha

Hello, I want to know the details of the Jeevan Suraksha account of the Bank of Baroda as I want to open the account.

[Shaleen]

Hello, here I am providing you the details of the Jeevan Suraksha account of the Bank of Baroda as under:

About the bank:
Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara in Gujarat, India.

Account opening details:
Month in which account is opened Number of months for premium is payable
-1 -2
January 12
March 10
June 7
October 3
December 1

Prorata Premium (excl. Service Tax) per lac per annum for different age-groups for the period in column no. 2
18-35 35-50 51-60
-3 -4 -5
125 259 697
105 216 581
73 152 407
32 65 175
11 22 59

Minimum AQB
(Average Quarterly Balance)
Minimum Balance Rs. 1000/- on daily balance basis

Interest Rate
4%

Key features:
The product shall be available at all our branches irrespective of area classification
20 Cheques Leaves shall be provided per half year free of cost.
100 withdrawal per half year shall be allowed as per General Savings bank A/c.. in case of debits more than 100 per half year (excluding Auto Sweep transactions and Service Charges transactions) a charge of Rs 10/ plus service tax per debit transaction shall be levied.
Charges for non maintenance of minimum Balance is Rs. 100/- plus service tax, per quarter.
Facility of getting Life Insurance Cover from “IndiaFirst Life Insurance Co. Ltd” upto an amount of Rs. 5.00 lac