Baroda Premium Current Account-Privilege (BPCAP)

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Baroda Premium Current Account-Privilege (BPCAP)

Sr. No. Features Benefit to customers
1 Minimum Quarterly Average Balance(QAB) Rs 250,000/-
2 Statement of Account Free two times in a month
3 Balance Certificate Free
4 Signature Verification Free
5 Folio Charges Nil
6 Issuance of Cheque Books Free (Unlimited)
7 Demand Draft facility Free of charge
8 Bankers cheque facility Free of charge
9 MT/TT facility Free of charge
10 Immediate credit of out station cheques Maximum outstanding not to exceed Rs 150,000/-at any time. In case of new customers the immediate credit is to be accorded only after standard period of 3 months.
11 Transfer of Funds at CBS Branches (outside clearing Area) Free of charge
12
  • Collection of cheques through outstation Non-base branch drawn on other Banks with in the clearing area of that centre
  • Collectionof outstation cheques by sending the cheques physically through post
  • Free of charges
  • Free of charges
13 Auto sweep / Reverse sweep (w.e.f. 01/12/2016)
  • First Sweep out for Rs 25,000 will happen only when account balance reaches Rs 5,25,000
  • Upon receipt of customer’s request ,the threshold amount of Rs 5,00,000/- can be increased preferably in multiples of Rs 1,000 ( e.g. Rs 5.01,Rs 5.02 lacs and so on) .
  • If customer desires, the Sweep out amount of Rs 25,000/- can be increased in multiples of Rs 25,000

( e.g. Rs 50,000, Rs 75,000 and so on).

Sweep will be carried out every Monday (at the end of the day)

14 Net Banking Free
15 Auto Pay Roll Free
16 Credit Card with free personal accident insurance coverage First year free of charge, limited to two partners, two directors, up to two persons of other bodies authorized to operate the account
17 Waiver of processing charges on car loans Waiver in case Car Loans are in the name of Proprietor, Firm and Company
18 Rebate/ Discount on Locker rent to proprietor/ partners/ directors 20% on locker Rent if locker rent is paid in advance for three years and above in lump sum.
19a At Base and local Non Base Branch
  • Cash Deposit Upto Rs.50000/- Or Upto 10 packets i.e. 1000 pieces of notes of any denominations taken together, whichever is higher - free of charge per day
  • Above 10 packets i.e. 1000 pieces of notes charges will be levied @ Rs.10/- per packet or a part thereof. ( Min. Rs.10/- , Maxi. Rs.10000/- plus Taxes at applicable
19b At Outstation branches
  • There is no restriction for cash deposit in outstation branches if PAN is available in the account.
  • Without PAN or Form No 60/61 max. amount of Rs.49999/- cash can be deposited in the account in a day.
  • No Inter Sol charges for cash deposit up to Rs. 100000/- per day per account, thereafter in excess of Rs. 100000/- service charges will be levied at Rs.2.50 plus Taxes per thousand or part thereof.
20a Local base branch Any Amount - Free of charge at Base Branch.
20b Local Non Base Branch/ Out station Non base Branches
  • Free of charge maximum withdrawal is allowed upto Rs.50000/- per day only by self cheque.
  • No cash payments to third parties
Minimum Quarterly Average Balance (QAB) Rs 250000/-
Minimum Balance Charges Rs 1000/- per quarter + Taxes for not maintaining quarterly average balance (Irrespective of Area)
Premature Closure Charges (If account is closed within a year) Rs 1000/- + Taxes

Transactions

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. 100000/- per day per account free of charges. For Cash deposited in excess of Rs. 1,00,000/-, 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 QAB is Rs.2,50,000/-. Service Charge of Rs.1000/-+S.T for Non-maintenance of QAB.

Interest Payment

No interest is payable in current account.

Withdrawal(s)

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 twice 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

Unlimited free cheque book facility

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. Closure of account within one year, Charges @Rs.1000/-+ST 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.

Disclosure

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.

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

Rs.1000/-+ST

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

Auto/Reverse Sweep Facility

  • First Sweep out for Rs 25,000 will take place only when account balance reaches Rs 5,25,000/- for 15 to 91 days.
  • The threshold amount of Rs 5,00,000/- can be increased in multiples of Rs 1,000/-
  • Sweep out amount of Rs 25,000/- can be increased in multiples of Rs 25,000/-
  • Sweep will take place on every Monday.

20% discount in locker rent if paid in advance for three years & above in lump sum.

Immediate credit of outstation cheque not exceeding Rs.1,50,000/- after 3 months of opening of the account.

Credit Card with free personal accident insurance coverage is free of charge for the first year to two partners/two directors/ two authorized persons operating the account.

Waiver of Processing charges of Car Loan in the name of Proprietor, firm and Co.

No charges for Signature verification, Balance certificate, Transfer of fund at Outstation CBS Branches (outside clearing Area), Clearing of cheque of Non-base Branch

Free SMS Alerts facility.

Free of charge facility for Net Banking, Mobile banking, Auto payroll, Demand Draft, Banker’s Cheque, collection of outstation cheque.

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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