Bank of Baroda Minimum Balance

Can you tell me what minimum balance should be kept in a Saving Account in Bank of Baroda to keep it active? Also tell me about other things related to Saving Account in Bank of Baroda?

[Kiran Chandar]

With a zero balance too in a Saving Account in Bank of Baroda the Account is active. Details of the Savings Bank Account of Bank of Baroda are as follows:

Key Benefits
Simplest deposit option available to the depositor

Saving Account is easy to operate. Terms and conditions kept clear to make easy a layman's understanding. There are no hidden costs.

Zero balance facility
The Savings Bank Account remains active even when the balance reaches zero.
It is only for salaried employees in Central/ State Govt. Public & Private Limited Companies, Agents of Life & General Insurance Corporations and Students.
Even for those receiving compensation from govt. for acquisition of their properties.

The deposits are insured by DICGC

There is option for money withdrawal by withdrawal forms or by cheque

It is an ideal option to cultivate the habit of banking and saving amongst the younger generation

There is provision for nomination

Terms & Conditions
Money can be deposited for any period of time that is there are no minimum or maximum deposit periods for this offering.

Documents required:
o Passport size photograph
o Proof of residence
o An introduction as per Bank's norms
o IT Declaration (Form 60/61)

If personal introduction won’t possible, introduction by way of approved documents such as passport, driving license, pan card, election i-card, defence i-card, etc.

Account Opening Form Individuals