The Baroda Premium Current Account-Privilege is an ideal account for customers who own medium to large businesses. Account holders can avail several free services and benefits under the BPCAP account. The privilege current account is designed to meet several specific needs of customers holding the account. Immediate credit of outstation cheques and auto payroll are some of the key benefits offered with this account.
Key features of the Baroda Premium Current Account-Privilege
Free cheque books
BCAP account holders can obtain free unlimited chequebooks for their transactions.
Account holders can get free account statements, twice a month.
BCAP account holders get free banker’s cheques, balance certificates, MT/TT facilities and signature verification facilities. They also get free auto payroll, internet banking facility, SMS and missed call facilities. Folio charges on the account are also waived off.
No charges are levied for funds transferred at BOB’s Core Banking Solution branches.
Auto and reverse sweep facility
Account holders can deduct a minimum amount of ₹25,000 through the auto-sweep facility, provided their balance has crossed ₹5.25 lakh. Reverse sweep facility is also available.
Free Cash withdrawals
Free unlimited cash withdrawals at home branches however up-to ₹50,000 are permitted per day at non-home branches only for withdrawals made through self-cheques
Benefits of the Baroda Premium Current Account-Privilege
- Account holders get a debit card (for Individual & Sole Proprietorship accounts only) with annual charges waived off for the first year
- Outstation cheques of up-to ₹1.5 lakh are credited immediately credited for customers holding the account for a period of 6 months and above
- Account holders are provided with a free credit card with annual charges for first year, waived off
- Account holders receive a complimentary personal accident insurance cover with the credit card
- Loan processing fees are waived off for car loans disbursed in the name of the firm or proprietor
- 20% discount is offered on BOB locker rental charges
- Free standing instruction against account service if offered with the account
- Nomination facility is offered with the account