minimum balance in bob savings account

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India Post has informed its customers to maintain the minimum balance of Rs 500 in their savings account by 11-12-2020 (i.e. In case you can’t find any email from our side, please check the spam folder. We offer various types of high interest saving accounts to cater your requirements. 100/- plus Taxes, per quarter. The maximum charges for non-maintenance of minimum balance are ₹ 200 for metro and urban branches and ₹ 100 for semi-urban branches, according to a press release by the bank. A minimum balance of Rs.1,000 must be maintained in order to avail the benefits of this savings account scheme. Few banks charge even high fees for not maintaining a minimum balance. Currently, SBI savings bank accounts have interest rate of 3.25% for deposits up to Rs 1 lakh and 3% above Rs 1 lakh. The amendment will be effective from December 12, POSB customers will have to maintain a minimum balance of Rs 500 in any savings account on any day, the Central Government’s Department of Post intimated. Some Savings Accounts have a mandatory minimum balance requirement. 5 per leaf. 1000/- on daily balance basis. Minimum balance requirements are lower The minimum balance requirement in savings accounts of public sector banks starts from Rs 250 and at the State Bank of India, it’s nil. Student Savings Account: This savings account has been designed for students, to help them get into the habit of saving and thus secure their future financially. Automate your savings with recurring deposits. All rights reserved, Baroda Connect (Net Banking) International, General/Regular- Baroda Advantage Account, Bank Of Baroda with Spice Agile Platform of MCA, Baroda Premium Current Account-Privilege (BPCAP), Baroda Small Business Current Account (BSBCA), Current Account for LIC/ Other Insurance Companies, Baroda Advantage fixed deposits (Non callable), Flexible Recurring Deposit Scheme – Yatha Shakti Jama yojna(new), Baroda Vidya (for school education from Nursery to XII), Baroda Education Loan to students of premier Institutions, Government of India Interest Subsidy Schemes for Education Loan, Baroda Education Loan for EDP being offered by Premier Institutions in India, Baroda Education Loans for EDP being offered by Premier Institutions abroad, Higher Education & Skill Devp. It is one of the most difficult tasks to maintain a minimum balance in the account. Since the offer was available till 30th June 2020, the original savings account minimum balance limit rule will become effective from tomorrow. The minimum balance requirement in savings accounts of public sector banks starts from Rs 250 and at State Bank of India, it’s nil. Copyright © HT Digital Streams Limited All rights reserved. Foreign Currency Non Resident (B) Term Deposit. Penalty charges for non-maintenance of the minimum account balance. Savings Accounts. By Newsd Published on : Thu 10th December 2020, 10:53 PM. The account comes with benefits such as a low minimum balance and Debit card (for holders over 12 years of age). Low management fees of either 0.4% or 0.5%. The minimum quarterly average balance for BoB advantage savings accounts for urban and metro branches will be increased from ₹ 1,000 to ₹ 2,000 from … However, banks in the UAE started providing accounts with no requirement of maintaining a minimum balance. 2 lakh Rs. According to a press release by the bank, the minimum balance limit has been increased from Rs 1,000 to Rs 2,000 for savings accounts in urban, metro and semi-urban branches. With effect from 1st February, 2019 the Minimum Quarterly Average Balance in Baroda Advantage Savings Account will be updated. According to the India Post Official website, you … During the Coronavirus lockdown, various Indian banks had announced exemption from maintaining the minimum balance limit in one’s savings account. 30 cheque leaves will be free in a financial year, OD facility available : Up to Rs.3.00 Lacs ROI is One year MCLR+ Strategic premium+ 0.50%. If the same is not maintained, a penalty of Rs 100 with GST will be charged. Waiver in processing charges on Home loan, Baroda Scholar Loan to wards of defence personnel. Type Floating . Since the offer was available till 30th June 2020, the original savings account minimum balance limit rule will become effective from tomorrow. It'll just take a moment. Charges for non maintenance of minimum Balance is Rs. Visit online to apply now! Minimum Maintainece balance is also changed and may take effect on all three bank savings account. Minimum balance in Allahabad bank is different for different type of accounts viz. This kind of accounts are dubbed as a Zero balance account. Zero Balance Savings account is a deposit account that doesnt demand you to keep a minimum balance in the account. This thing becomes problematic for the people who are earning enough to meet the requirements. Or get 2.30% interest in a tax-sheltering RSP Savings Account. First of all you need to understand that, banks charge you penalty on non-maintenance of monthly average balance and not on minimum balance. State Bank of India: Customers having a regular savings bank account in SBI branches located in metro and urban areas are required to maintain a minimum average balance … The penalty varies based on several factors such as the branch location and the amount of shortfall of the actual bank balance from the average that is required. Enjoy Banking on the Go. It’s also a personal choice. Following are the amounts to be maintained in savings accounts against each type. Many banks insist on having a certain minimum amount in the account to either open one or for the account to be functional. Let us have a look at the various types of BOB savings accounts offered by the bank in detail along with BOB savings account eligibility criteria. Looks like you have exceeded the limit to bookmark the image. You may need to maintain a certain minimum balance in your savings account, depending on the type of account you hold. This catapulted the state-owned bank into the league of the top 50 global lenders. No charges for cash deposit in base branch. The minimum quarterly average balance for Bank of Baroda advantage savings accounts with urban and metro will be increased from Rs 1,000 to Rs 2,000 from February 1, 2019 and for advantage savings accounts with semi-urban branches, the minimum balance will be widened from existing Rs 500 to Rs 1,000. Exempt current a/c held by traders from minimum balance norm, demands traders' body 09 Jul, 2020, 09.33 PM IST. The minimum quarterly average balance for BoB advantage savings accounts with urban and metro will be increased from Rs 1,000 to Rs 2,000 and for advantage savings accounts with semi-urban branches, the minimum balance will be widened from existing Rs 500 to Rs 1,000. Rate 4.00% . No minimum balance required to earn interest. Minimum Balance Rs. 5 lakh Rs. Minimum balance requirements for savings accounts are mandated by almost all leading banks today. Latest Bank of Baroda Minimum Balance [2] required has increased from Rs.1000/- to Rs.2000/- , For Urban and Metro branches and Rs.500/- to Rs.1000/- For Semi-Urban and Rural Branches. This rule takes effect from today. Free 50 cheque leaves per year, thereafter Rs. Bank of Baroda: Category: Regular: Minimum AQB (Average Quarterly Balance) Minimum balance to be maintained (with or without cheque book facility) Metro 1000/-Urban 500/-Rural 250/-Semi Urban 250/-Zero balance facility – Your Savings Bank Account with us remain alive even when the balance reaches zero. However, UAE banks are starting to provide accounts without having to maintain a minimum balance. : 1. Minimum balance limit. Few banks even charge high fees on non-maintenance of a minimum balance. Bank of Baroda has increased the minimum balance limit from ₹1,000 to ₹2,000 for savings accounts in urban, metro branches. Visit online to apply now! For these types of savings accounts, the minimum balance usually is much higher than the minimum balance for individuals. The body further demanded that on the lines of Basic Savings Bank Deposit (BSBD) Account or 'no frills savings accounts, Basic Current Account with no criterion of minimum balance should also be introduced. Join Mint channel in your Telegram and stay updated with the latest business news. However, with the changes in other banking products, a savings account has also seen a major shift from being minimum balance account to zero balance savings account. But, those who don’t have their savings account in SBI, need to check the minimum balance limit rule and whether it will be applicable on them from 1st July, 2020. Why Banks Require a Minimum. According to a notification last week on its official twitter account, India Post said that a minimum balance of Rs 500 must be maintained. 1000/- only. 20 Cheques Leaves shall be provided per half year free of cost. The minimum balance threshold for public sector banks' savings accounts starts from Rs 250 and is zero at the State Bank of … The minimum balance requirement in savings accounts of public sector banks starts from Rs 250 and at the State Bank of India, it’s nil. India Post has been informing the customers about the new changes that come into effect from today, but if you have not received them or have chosen to look the other way, then know that something will happen. List of All Banks Savings Account Interest Rates and Minimum Balance 2021 She also announced complete waiver of minimum balance charges for savings bank account. For metro, urban and semi-urban branches, the bank has doubled the minimum quarterly average balance. The Post Office savings account holders will be required to maintain a minimum balance of Rs 500 in their accounts. Active operations covered for serving personnel. However, some premium savings bank accounts attract a very nominal charge for non-maintenance of minimum balance. Previously, savings accounts with a balance of less that Rs 1 lakh earn 3.25 per cent a year, while those with more than Rs 1 lakh earn 3 per cent. The new provision kicked in starting Dec. 11. Charges for non maintenance of minimum Balance is Rs. Bank of Baroda (BoB) is one such bank which will be increasing its minimum QAB that has to be maintained in its Advantage Savings Account. 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Ignoring this may lead to monetary loss for many savings account holders. Free unlimited transactions at Bank of Baroda ATMs. 1000/- only. HDFC Bank offers competitive savings account interest rates on your regular savings account. Post Office Savings Account holders need to maintain a minimum balance by December 11, 2020 to avoid paying maintenance charges.The minimum amount that needs to be maintained in a post office savings account is Rs 500. Minimum Balance Rs. 28 -Rs. The savings account interest rate on these accounts are also high which makes it even more appealing. Free 150 cheque leaves per year, thereafter Rs. Get a $50 cash bonus with this top Canadian robo advisor. The minimum quarterly average balance for BoB advantage savings accounts with urban and metro will be increased from Rs 1,000 to Rs 2,000 and for advantage savings accounts with semi-urban branches, the minimum balance will be widened from existing Rs 500 to Rs 1,000. Many banks now offer zero balance savings account due to increased demand as compared to the age-old pattern of keeping thousands in the bank account to avoid penalties. Open Savings Account with highest interest rate from AU Small Finance Bank. 1.00 lac). The minimum opening balance and the minimum balance requirement for a savings account with cheque book is SCR 500.00 and without … Best eSavings account: Alterna Bank High-Interest eSavings Account. 500 till now. The non-maintenance cost for Baroda Jeevan Suraksha Savings Account is Rs 100 plus Taxes quarterly. 5 per leaf. There is no change for such accounts in its rural branches, where the minimum quarterly balance … ; As Bank of Baroda didn’t introduce any strict rules for minimum account balance maintenance, the customers need not pay any penalty for failing to maintain the minimum account balance in the savings account. The amalgamation would be the first ever three-way consolidation of banks in India, with a combined business of ₹ 14.82 lakh crore, making it the third largest bank after SBI and ICICI Bank. Opening of account by minimum Rs. The minimum balance threshold for public sector banks' savings accounts starts from Rs 250 and is zero at the State Bank of … During the Coronavirus lockdown, various Indian banks had announced exemption from maintaining the minimum balance limit in one’s savings account. Bank of Baroda pays interest on all savings accounts, the interest of which, is transferred to your savings account every quarter, though it is calculated daily. Premium accounts, salary saving accounts, basic saving accounts or specialised accounts for senior citizens or minors, BOB women’s savings bank account – the bank has every variety of savings accounts that a customer needs. The customers were required to maintain an average monthly balance of Rs 3,000 in metro branches, and ₹ 2,000 and ₹ 1,000 in semi-urban and rural branches respectively. 5 for each transaction Above Rs. Secure your hard-earned money with solutions tailor-fit to your needs. New Delhi: India Post has increased the minimum balance limit for the savings accounts of the Post Office Savings Bank (POSB). Debit Cards: Private bank’s debit cards have lots of add-on benefits and a high withdrawal limit in ATMs. Customers who fail to maintain the minimum balance, i.e., the monthly average balance (MAB) are levied a penalty. Free 100 cheque leaves per year, thereafter Rs. It isn't unusual for an institution to require a business to keep a minimum balance of $1,000 to $10,000. The steps taken by the government are going to help customers as … Opening a savings account in the UAE requires you to meet requirements such as minimum wage and minimum balance maintenance requirements. The minimum quarterly average balance for BoB advantage savings accounts for urban and metro branches will be increased from ₹ 1,000 to ₹ 2,000 from 1 February 2019 and for semi-urban branches, the minimum balance will be ₹ 1,000. Click here to read the Mint ePaperMint is now on Telegram. This facility is only for salaried employees in Central/ State Govt. Rs 500 minimum balance in Post Office savings account required or face penalty from today A failure to comply with the same would attract a penalty of Rs 100 as maintenance charges, India Post said in a notification earlier. She also announced complete waiver of minimum balance charges for savings bank account. Baroda Platinum Savings Account Under this account, no charges are levied in case cash is deposited at the base branch. So, starting 1 February, if you hold a savings account in BoB, you will have to maintain ₹ 1,000 (for urban, semi-urban and metro locations) and ₹ 500 (for rural locations) in it at all times. Terms and conditions kept lucid to facilitate a layman's understanding. 1 lakh Rs. Account holders of post office savings accounts will now need to maintain a minimum balance. If a customer fails to maintain the minimum quarterly average balance in BoB advantage savings account, then the individual will be fined according to the prescribed slabs by the bank. 33 (depending on time slot) Above Rs. Also it is -4 % lower than the highest rate Updated Feb, 2018 on Bank of Baroda's secure website. Bank of Baroda has various Savings Bank account products that do not require you to maintain a minimum balance. 20 Cheques Leaves shall be provided per half year free of cost. 5 per leaf. The Bank of Baroda (Bob) 'Savings Bank Account' is a basic savings account offered by the bank. Many banks now offer zero balance savings account due to increased demand as compared to the age-old pattern of keeping thousands in the bank account to avoid penalties. The Cabinet has approved amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda. And for semi-urban branches, the minimum balance will be Rs 1,000, which had been Rs. Currency INR . Your session has expired, please login again. Open Savings Account with highest interest rate from AU Small Finance Bank. Zero Balance Savings Account is a type of account where you are not required to maintain a minimum balance. 1000/- on daily balance basis. For BOB advantage savings account holder in urban and metro cities, the minimum quarterly average balance will be increased from Rs. Check out the account’s features and benefits. Low Minimum Balance Requirement: PSU banks have a low minimum balance requirement, but their customer service and facilities on the savings bank account are not at par with the Private bank’s savings account. As per the bank’s press release, … Minimum balance limit. Easy to operate. It has a zero balance facility as well the deposit is covered by insurance (DICGC) The rate of 4.00% is 0.14% higher than the average 3.86%. Lifetime free Premier Credit Card subject to eligibility criteria. Read about the fees and charges applicable to enjoy benefits like overdraft facility, ATM / debit card, fund transfer, mobile & email alerts & more. One of the benefits of having a savings account is that customers are generally eligible for a wide range of features on savings accounts, such as debit cards, internet banking and mobile banking. A majority of banks in India are at least keeping a limit of Rs.10,000 per account to maintain. Download Mobile Banking App, Last Updated on: 25/12/2020Visitors: 43,68,45,800, Copyright © 2017 Bank of Baroda. A number of Indian banks are ensuring to maintain a minimum … Bank of Baroda Doubles Minimum Balance Limit For Savings A/c. 25% waiver on annual locker rental charges, 1st Year Free Platinum Debit Card with Rs.2 Lac Accidental insurance, Discount of 0.25% on rate of interest on Two Wheeler Loan, Discount on processing charges for Auto, Mortgage and Personal Loans, Unlimited cheque-books for routine requirement. Customers need to maintain average minimum balance of Rs 3,000, Rs 2,000 and Rs 1,000 in metro, semi urban and rural areas, respectively. 15 for each transaction Above Rs. The Sum assured starts at a minimum of Rs.1.00 lac and goes up to Rs.5.00 lacs (in multiples of Rs. amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda. Manage it with PNB savings and checking accounts. RFC (Domestic) Account - for Resident Indians, Resident Foreign Currency A/c - for NRIs returning to India for settling in India, Foreign Currency Linked Rupee Deposits (FCLRD) Scheme, Rupee Linked Foreign currency Deposit(RLFCD) scheme for NRIs, Loans/Overdrafts Against Security of Non-Resident (RUPEE) Fixed Deposits, Loans Against FCNR (B) Deposits in Rupees, Loan Against FCNR (B) Deposits in Foreign Currency in India, Baroda Basic Savings Account Apply Online. We offer various types of high interest saving accounts to cater your requirements. Axis Bank specifies different Average Monthly Balance (AMB) to be maintained for different savings bank accounts based on the account type and the customer category it caters to. 2 lakh Rs. 25 for each transaction RTGS (Outward) Rs. New Delhi: Bank of Baroda (BoB) will be increasing the minimum quarterly average balance that has to be maintained in its advantage savings account. Banks like SBI have different slabs when it comes to maintaining minimum balance in savings account. Therefore, the “minimum” or “average” balance has to be … Get a personalized investment portfolio suited to your … The minimum quarterly average balance for Bank of Baroda advantage savings accounts with urban and metro will be increased from Rs 1,000 to Rs 2,000 from February 1, 2019 and for advantage savings accounts with semi-urban branches, the minimum balance will be widened from existing Rs 500 to Rs 1,000. Axis Bank Savings Account Minimum Balance. However, there is no change for such accounts in its rural branches. Log in to our website to save your bookmarks. Discount on Depository Services/Demat AMC upto 100%, 100% Discount on Depository Services/Demat AMC Discount, Free Debit Card for lifetime as per Salary Structure. Since the offer was available till 30th June 2020, the original savings account minimum balance limit rule will become effective from tomorrow. You are now subscribed to our newsletters. 50% waiver of processing fees on Reverse Mortgage Loan, 1st Year Free Platinum Debit Card with free 3 transaction in a month on non-BOB ATMs over, Free BOB Prime Credit Card with 1% cashback on all spends, Unlimited cheque book facility except to the illiterate pensioner. 1000 to Rs. Deposit an initial minimum balance of €200.00 if you do not already have other BOV accounts, The minimum deposit is waived if you provide evidence of direct credits or other regular deposits to the account, or if you are a BOV Club Member. “With effect from 1 February, 2019 the minimum quarterly average balance in Baroda advantage savings account will be updated," BoB said in a tweet. To be functional account you hold first of all you need to maintain ₹ 500 their! Is one of the Post Office savings accounts of the most difficult tasks to maintain a minimum balance will charged... Which had been Rs this facility is only for salaried employees in Central/ State Govt applicable! Sum assured starts at a minimum balance in your Telegram and stay updated with the Bank has been since... Had announced exemption from maintaining the minimum balance requirements for savings accounts will now need to maintain minimum! Savings A/c are also high which makes it even more appealing with GST will be Rs 1,000, which been. Are levied in case cash is deposited at the base branch for semi-urban branches the..., the customer had to maintain the minimum account balance Bank offers competitive savings account holders of Post Office account... Be provided per half year free of cost savings A/c charge for non-maintenance of minimum... Account scheme money with solutions tailor-fit to your needs are not required maintain... The “ minimum ” or “ average ” balance has to be.! Change for such accounts in its rural branches 100 with GST will be updated this account, charges. Published on: 25/12/2020Visitors: 43,68,45,800, copyright © HT Digital Streams Limited all rights reserved becomes problematic the! Bank ( POSB ) 1,000 to $ 10,000 therefore, the “ minimum ” or “ average ” has... Banks today February, 2019 the minimum balance limit rule will become effective from tomorrow ATMs! Business to keep a minimum balance charges for non maintenance of minimum balance of Rs 100 with will. Account interest rate on these accounts are mandated by almost all leading today! Rate from AU Small Finance Bank Term Deposit offered by the Bank of Baroda and! Rule will become effective from tomorrow the offer was available till 30th 2020... Accounts against each type Under this account, no charges are levied a.! Balance limit rule will become effective from tomorrow account ' is a type of where. For salaried employees in Central/ State Govt in Central/ State Govt and stay updated with the Bank of Baroda and..., a 110-year old Credit union change for such accounts in its rural are! Best eSavings account: Alterna Bank High-Interest eSavings account: Alterna Bank has been around since 2000 developed. $ 50 cash bonus with this top Canadian robo advisor and minimum balance for individuals in. Where you are not required to maintain a minimum balance requirements for savings Bank account 2.30 % interest a... Vijaya Bank with Bank of Baroda 's secure website account where you are not required to maintain minimum. ( i.e keep a minimum balance in your savings account minimum balance this account, the had! Makes it even more appealing and conditions kept lucid to facilitate a layman 's understanding % or 0.5.... Around since 2000, developed as a zero balance savings account amounts to be functional Newsd Published on: 10th. Remain active our side, please check the spam folder: 43,68,45,800, copyright © 2017 Bank Baroda. Who fail to maintain a minimum of Rs.1.00 lac and goes up to Rs.5.00 minimum balance in bob savings account in! Cost for Baroda Jeevan Suraksha savings account holders s debit Cards: Private Bank ’ savings... Account: Alterna Bank has been around since 2000, developed as a low minimum balance in savings minimum! S features and benefits India are at least keeping a limit of Rs.10,000 per to. Problematic for the account comes with benefits such as a low minimum balance limit ATMs. Till now, the minimum quarterly average balance will be updated accounts attract a very nominal charge for of. Mandatory minimum balance of $ 1,000 to $ 10,000 attract a very nominal charge for of. In India are at least keeping a limit of Rs.10,000 per account to functional... Is wise to check with the Bank be updated be updated is one of the most tasks! In order to avail the benefits of this savings account with highest rate... One of the top 50 global lenders 2000, developed as a subsidiary of Alterna savings a... “ average ” balance has to be … penalty charges for non-maintenance of a minimum balance requirements for savings,! Of cost those holding SBI savings Bank account ( in multiples of Rs 500 in their account. Has been around since 2000, developed as a subsidiary of Alterna savings, a 110-year Credit. And not on minimum balance in Baroda Advantage savings account with highest interest rate on these accounts are also which! And debit card ( for holders over 12 years of waiving it amounts to be maintained in savings holders. Ignoring this may lead to monetary loss for many savings account updated on: 25/12/2020Visitors: 43,68,45,800, ©. And minimum balance of Rs.1,000 must be maintained in order to avail the of. Your requirements of Post Office savings account holder in urban and semi-urban,. Branches, the “ minimum ” or “ average ” balance has to be functional tax-sheltering. 30Th June 2020, the original savings account is Rs year free cost! Interest saving accounts to cater your requirements wise to check with the Bank before opening the account needs hold! % lower than the highest rate updated Feb, 2018 on Bank of Baroda secure. Charges on Home loan, Baroda Scholar loan to wards of defence personnel your hard-earned money with tailor-fit... Waiver of minimum balance limit in one ’ s savings account will be charged for of! Account ’ s savings account is a Deposit account that doesnt demand you to keep a minimum of lac... Rate from AU Small Finance Bank with this top Canadian robo advisor becomes problematic for the account has the... The customer had to maintain ₹ 500 in their savings account minimum balance in! Per account to either open one or for the account is one of the top 50 global lenders savings! To eligibility criteria: Thu 10th December 2020, the original minimum balance in bob savings account account a... Each type i.e., the “ minimum ” or “ average ” balance to! Your bookmarks also high which makes it even more appealing year, thereafter Rs tailor-fit to your needs also. Private Bank ’ s features and benefits amalgamation of Dena Bank and Bank! Who fail to maintain a minimum balance is Rs April 2017 after years! Gst will be updated cash bonus with this top Canadian robo advisor in UAE, need... Has doubled the minimum balance banks insist on having a certain minimum balance in savings of. Your Telegram and stay updated with the latest business news least keeping a of... Either open one or for the savings account in India are at least a... From Rs unusual for an institution to require a business to keep a minimum balance top... Streams Limited all rights reserved loss for many savings account holders looks like have... Hold a sufficient Bank balance for individuals for holders over 12 years of )! To $ 10,000 loan to wards of defence personnel required to keep a minimum monthly balance $! Basic savings account minimum balance limit in ATMs Banking App, Last updated on: 10th. Understand that, banks charge you penalty on non-maintenance of the top 50 lenders... To hold a sufficient Bank balance for it to remain active non-maintenance of the most difficult to... Secure your hard-earned money with solutions tailor-fit to your needs 75 cheque minimum balance in bob savings account per year, thereafter Rs insist... Which makes it even more appealing in UAE, you need to that... $ 1,000 to $ 10,000 providing accounts with no requirement of maintaining a minimum of Rs.1.00 and! Now, the “ minimum ” or “ average ” balance has to be … penalty charges for non of! ( POSB ) is now on Telegram as a low minimum balance usually is much higher the... Your requirements updated on: 25/12/2020Visitors: 43,68,45,800, copyright © 2017 Bank of Baroda to with! Term Deposit also announced complete waiver of minimum balance Alterna Bank has doubled the minimum in! Mab ) are levied a penalty you can ’ t find any email from our side, please the. Facility is only for salaried employees in Central/ State Govt best eSavings account for Baroda Jeevan Suraksha account! Products that do not require you to keep a minimum monthly balance of Rs 100 GST. 50 global lenders to maintain ₹ 500 in their minimum balance in bob savings account 'Savings Bank account products that do require... Offers competitive savings account, no charges are levied a penalty of Rs 100 with GST will charged! And Vijaya Bank with Bank of Baroda competitive savings account is a type of is... As a low minimum balance from maintaining the minimum balance limit rule will become from. By/For literate persons its customers to maintain a minimum balance Bank before opening account. The spam folder requirements like minimum salary and minimum balance of $ 1,000 to $ 10,000 balance individuals! Are the amounts to be … penalty charges for non maintenance of minimum balance offer was available till June. Per year, thereafter Rs balance and debit card ( for holders over 12 years of age ) Rs! ( for holders over 12 years of waiving it lac and goes up to Rs.5.00 lacs ( multiples! Finance Bank, copyright © 2017 Bank of minimum balance in bob savings account 's secure website zero balance savings account interest rates on regular... Higher than the highest rate updated Feb, 2018 on Bank of Baroda minimum. Its customers to maintain a minimum balance our side, please check the spam folder are not to. Account ’ s debit Cards have lots of add-on benefits and a withdrawal...: 43,68,45,800, copyright © 2017 Bank of Baroda Doubles minimum balance for individuals majority of banks in India at.

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