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Current Account for LIC/ Other Insurance Companies

Current Account for LIC/ Other Insurance Companies

  • Eligibility - Life & General Insurance companies
  • Minimum Balance: NIL;
  • Maximum Balance: No limit
  • 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.
  • Free Baroda Connect (Internet Banking).
  • POS/ QR code facility available.
  • Baroda Cash Management Service (BCMS) facility available.
  • Internet Payment Gateway (IPG) facility available.
  • Immediate credit of outstation cheques: Up to Rs.20,000/- (for 6 months old A/c’s with satisfactory transaction only).

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