Baroda Advantage Current Account

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Open a Bank of Baroda Current Account.

Baroda Advantage Current Account

This current account offers a wide range of benefits to both, rural and urban customers, such as free mobile and internet banking and low minimum quarterly average balance.

  • Monthly statements: Free (once in a calendar month)
  • Folio Charges: Free (if minimum Quarterly Average Balance maintained is Rs.1,00,000/-).
  • Cheque Book : Free 1st cheque book of 50 leaves thereafter chargeable as per service charge guidelines .Customers who request for bulk cheque printing, Cost of paper @ Rs.500/- per thousand leaves plus printing expenses is to be recovered from customer.
  • Free Internet Banking.
  • Free Mobile Banking (for Individual/ Proprietorship accounts only)
  • Free Missed Call Facility.
  • SMS Alert Facility.
  • Free 24X7 Web Chat.
  • POS/ QR code facility available.
  • Internet Payment Gateway (IPG) facility available.
  • Debit/ATM Card: Issuance and Renewal chargeable as per latest guidelines of service charges.
  • Immediate credit of outstation cheques: Up to Rs.20,000/- (for 6 months old A/c’s with satisfactory transaction only).
Minimum Quarterly Average Balance (QAB) (w.e.f 19.11.2016 ) Rural : Rs 2000/-
Semi-Urban : Rs 2000/-
Urban/Metro : Rs 10000/- for individual as well as for non individual accounts
Minimum Balance Charges Rural-Semi-Urban :
Rs.350/- per quarter+ Taxes if QAB of Rs.2000/-- is not maintained.
Urban-MetroRs 625/- per quarter + Taxes for not maintaining quarterly average balance , if QAB of Rs.10000/- is not maintained.
Premature Closure Charges (If account is closed within a year) Individual : Rs 250/- + Taxes
Others : Rs 500/- + Taxes


All genuine purpose oriented transactions are allowed. There is no restriction on number of transactions in the current account subject to ledger folio charges @ Rs.75/ plus service tax for every 25 entries and part thereof on quarterly basis.

Transfer transaction

In case of transfer transaction one entry i.e. either debit or credit entry of the transaction must be in the branch transferring the fund.

Cash Deposit

  • At base branch and local non-base branch : Upto Rs.50000/- Or Up to 10 packets i.e. 1000 pieces of notes of any denominations taken together, whichever is higher - free of charge per day. For additional 1000 pieces (10 packet) or part thereof charges @Rs.10/- (Min Rs.10/- & Max. Rs.1000/-) will be charged.
  • At outstation branches: There is no restriction for cash deposit in outstation branches if PAN is available in the account. For amount up to Rs. 25000/- per day. per account free of charges. Cash deposited in excess of Rs. 25000/-, service charges will be levied at Rs.2.50 plus service tax per thousand or part thereof. Without PAN or Form No 60/61 max. amount of Rs.49999/- cash can be deposited in the account in a day
  • At Cash machines: Cash deposit with debit card is allowed up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not be registered in account. Card less transaction (by feeding account number) is allowed up to Rs. 20,000/- per day. Fake note, Suspicious Note is impounded and receipt will given to the customer. Torne/Mutilated/Taped notes are not accepted by this machine.

Minimum Balance Requirement

Minimum Quarterly Average Balance (QAB) for Rural and Semi Urban Branches is Rs.2000/- and Urban and Metro Branches is Rs.10000/-. Non-maintenance of Minimum QAB in Rural & Semi-urban Branch will attract Rs.350/-+Ser Tax and in Urban & Metro Branches Rs.625/-+Ser Tax as service charge.

Interest Payment

No interest is payable in current account.


Withdrawal allowed by cheque only. No upper limit for cash withdrawing at base branch. At local non-base branch and outstation branches cash withdrawal is allowed to account holder up to Rs.50,000/- per day only by self cheque. Third party cash payment at non-base branches is not allowed.

Statement of Account

Statement of Account is provided once a month free of cost. Duplicate statement will be issued with present balance only @ service charge of Rs.100/-+Service Tax. For old entries of individual accounts charges @ Rs.75/-per ledger page (25 entries treated as one ledger page). For Non-individual accounts charges @ Rs.150/-+service Tax for duplicate statement with current Balance only. For old entries the rate is Rs.150/- per ledger page for non-individual accounts.

Folio Charges

If the Quarterly average balance in the current account is maintained above Rs.1,00,000/- No Folio Charges. Otherwise folio charges will be recovered @Rs.75/-+Service Tax per folio for every 25 entries. QAB is calculated from 16th March to15th June., 16th June to 15th Sept, 16th Sept to 15th Dec. & 16th Dec to 15 March every year.

Cheque Book

No charges on issuance of first cheque book of 50 Leaves on opening a Current account. Subsequent Cheques will attract charges @Rs.5/- + Service Tax per leaf. 10) Debit Card: Free Debit Card will be issued to only Individuals and Proprietors for first year and thereafter charges @ Rs. 100/-+ST p.a. will be levied.

Standing Instruction

For Standing Instruction within the Bank there is no charge. Charges @Rs.50.00+Remitance Charge+ Postage charged for SI sent out of the branches. Charges @ Rs.100/-per occasion will be deducted if the instruction could not be executed on a particular date due to insufficient balance.

Transfer/ Closure of Accounts

A/c can be transferred/ closed at the written request of customers only. New cheque book will be issued to him. No charges required for transfer of an account. For closure of Current account within one year @ Rs.250/-+S T (Individual name) & @Rs500/-+S T (others) will be deducted.

A/c Becoming Dormant

If transaction is not done in a current account for a period of 2 years the account becomes inoperative/Dormant and charges @ Rs.200/-+S tax will be recovered on Half-yearly basis. This charge is over and above the Minimum balance charge if QAB in the account is not maintained.

Unclaimed Deposit

Account remaining Dormant for 10 years are treated as unclaimed deposits and are transferred to RBI.


The Bank may disclose information about Customer’s account, if required or permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder/s.


Facility of SMS Alerts charges : Rs.25/-+ ST per quarter.

All relevant policies including code of commitment to customers and grievances redressal policies are available at the branch.

The bank will notify, 30 days in advance, any change in Terms & Conditions /fee and charges on its website.

DICGC Insurance Cover

Details of insurance cover in force under the scheme offered by Deposit Insurance and credit Guarantee corporation of India ( DICGC) to the extent of Rs.1/- lakh per depositor.

Addition/deletion of Joint Holder

Rs.100/-+ST per occasion (No charges in case of death).

Addition/Changing Nominee

Rs.50/- +ST per occasion (No charges in case of death)

Change of Authorized Signatory

Rs.250/- per change

Stop Payment

Rs.200/-+ST per Instrument; Rs.1000/-+ST for whole cheque Book

Issuance of Balance Certificate

Rs.75/-+ST (for Individual); Rs.150/-+ST (for others)

Allowing operation through POA/ Mandate


Opening A/c with restrictive operation

Rs.500/- per instruction

Cheque Return Charges:Inward Return Charges

Rs.125/-+ST (Up to Rs.1 Lac); Rs.250/-+ST Rs.(1 Lac to 1 crore)& Rs.500/- (Above 1 Crore). Outward Return Charges Rs.250/-+ST (Up to Rs.1 Lac); Rs.500/-+ST Rs.( 1 Lac to 1 Crore) & Rs.750/-+ST (Above 1 Crore) - Financial Reason (both for drawer & payee). If Cheque returned for Technical Reasons for no fault of Customer no charges deducted.

Copy of original of cheque / DD (paid by the Bank)

Rs.100/-+ST upto 6 months old record, beyond 6 months- Rs. 250/-+ST.

Rules for Transfer/ inter-sol transfer/clearing  transactions and charges

Transfer Transaction at base branch

 Allowed freely without any limit 

Transfer Transaction at Non-base branch (local as well as outstation)

Normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.

There are no charges for Inter-sol transfer transactions.

Clearing Transactions

There is no restriction for clearing transactions.

  • *All Charges are exclusive of Service Tax.
  • *All charges are subject to changes from time to time.

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