Auto sweep in Bank Of Baroda

Is Bank of Baroda grant Auto sweep facility in Super Savings Account ,if yes then I would like to open this account there , plz let me know ??

[Rajkumar Agarwal]

Yes Bank of Baroda grant Auto sweep facility in Super Savings Account, here I am telling features/ Benefits of this account :

Auto Sweep/Reverse Sweep w.e.f. 01/12/2016:


First Sweep out for Rs 10,000 will happen only when account balance reaches Rs 60,000.


Upon customer’s request ,the threshold amount of Rs 50,000/- can be increased preferably in multiples of Rs 1,000 ( e.g. Rs 51,000, Rs 52,000,and so on) .


If customer desires, the Sweep out amount of Rs 10,000/- can be increased in multiples of Rs 10,000 (e.g. Rs 20,000, Rs 30,000 and so on).


Sweep will be carried out every Monday (at the end of the day)


Immediate credit of outstation cheques up to Rs.25,000/-.


Quarterly payment of interest.


Safe Deposit Lockers on priority basis (subject to availability).


Free Debit Card.


Free offering of ANY BRANCH BANKING.


25% discount on minimum annual custody/maintenance charges for Demat account opened in the name of SSB a/c holders.


Free standing instructions.


Free unlimited cheque book facility.


Welcome Kit containing cheque book, pass book, product details, phone numbers of the branches of the city.


Free transfer of account to any of the Bank's branches (offering this product) at depositor's request.


Provision for nomination.


Terms & Conditions

Quarterly Average Balance (QAB) is Rs.20000/- to be maintained


Levy of Rs. 1000/- (exclusive of Service Tax) per quarter for not maintaining minimum quarterly average balance (QAB).


Closure of an a/c before 12 months, will attract a service charge of Rs. 500/-.


Documents required:


Passport size photograph


Proof of residence


An introduction as per Bank's norms