Terms & Conditions
- It is generally used for salary and pension payments (Subject to a minimum of 2500 payments and an upper limit of Rs. 1 Lakh on any individual payment).
- This service is available at 16 centres, for the entire list, CLICK HERE. Very soon, 30 centres in all will be able to enjoy the benefits of this system.
- Over 50 corporate bodies and Government departments are already using the system for bulk and repetitive payments with 20 more corporate bodies ready to launch into the same.
- To promote electronic banking culture, a highly "concessional" service charge structure has been adopted.
- At present, the Sponsor Bank would pay to the clearinghouse Rs. 1.50 per instrument of which Rs. 0.50 would remain with the clearinghouse and Rs. 1.00 would be credited to the destination bank.
- No service charges are levied by the destination bank branch for crediting the customer's account with the amount due.
For further details, please contact the Bank of Baroda Branch nearest to you.
> Baroda Money Express
> Collection Services
> Electronic Clearing Services
> Debit Cards
