Terms & Conditions
- The basic rules governing the Savings Bank a/c will also be applicable to this account.
- Chequebooks will be issued under the scheme. First Chequebook with 20 leaves per half year will be free of cost.
- Cash deposits of Rs. 50000/- and above in a day will require PAN.
- KYC norms will be observed in this savings bank a/c.
- Number of withdrawals not to exceed 100 in a half-year by customer.
- All other charges will be same as applicable to the ordinary Savings a/c.
- Account will be operated by the customers using withdrawal slip, Cheque leaves, Standing instruction, ECS (debit), Debit Card, Internet banking facility etc.
- Interest rate, periodicity and method of application of interest will be similar to our usual Savings Bank a/c. The other provisions like transfer to dormant, in operative etc. will be the same as applicable to our usual SB a/c.
- Anywhere banking facility.
- Free standing instruction.
Value Propositions
- Free Debit card to the children above 15 years of age only.
- Complementary add on card to the children (more than 15 years) in case of joint account holder.
- Special gifts on opening of account. (The value of gift in any case will not exceed Rs. 250/-).
- Free Internet Banking Facility available. In case of minors’ account (above10 years upto 18 years) net transaction services will not be provided.
For this purpose restrictive clause allowing only viewing facility need to be inserted in Baroda-Connect application form.
- Free Internet browsing package of 50 hrs (for accounts opened up to 30.06.2007).
- Free issue of Banker cheques / Demand Drafts through account for purchase of prospectus and deposit of application forms for entrance examination or admission to any course payable to concerned institute / college. (Maximum 5 in a calendar year).
- Hassle free education loans.
To know the current interest rates Click here.
For further details, please contact the Bank of Baroda Branch nearest to you.
