Current Deposits plan is ideal for professionals and provides flexibility through overdraft facility. The most basic, most flexible deposit option for those whose transactions take the form of an everyday exercise. Bank of Baroda's Current Deposits are the back-bone of all trading activities.
Key Benefits
- Ideal for businessmen & professionals in need of a flexible deposit with an overdraft facility.
- Absolute liquidity for smooth functioning of transactions, helping to meet all kinds of payment obligations.
- Instructions can be issues and carried out at moment's notice.
- Provision for collection of third party cheques.
Terms & Conditions
- The minimum balance to be maintained in the various current deposits are as shown in the table below:
| |
Minimum Balance
|
|
Personal A/c.
|
Other A/c.
|
|
Rural
|
500/-
|
500/-
|
|
Semi Urban
|
1000/-
|
1000/-
|
|
Urban
|
2000/-
|
5000/-
|
|
Metro
|
3000/-
|
5000/-
|
- Specific account opening formalities as per the type of account as per bank norms:
- Partnership Firm.
- A Public Limited Company.
- An H.U.F (Hindu Undivided Family).
- Documents required:
- Passport size photographs
- Proof of residence
- An introduction as per Bank's norms
For further details, please contact the Bank of Baroda Branch nearest to you.
