Baroda Pensioners Savings Bank Account

03 Jul 2019

Back to all Articles

Pensioners can avail the Bank of Baroda Pensioners Savings Bank Account. This is an ideal retirement savings account. All pensioners, including Bank of Baroda staff pensioners may open this account. The Baroda Pensioners Savings account is especially created to provide necessary banking facilities and benefits to pensioners and is meant only for savings oriented transactions.

Key features of the Baroda Pensioners Savings Bank Account

Initial deposit:

The pension savings account can be opened with a minimum deposit of Rs. 5 only.

Free pass book and cheque book:

All account holders are provided with a free passbook and chequebook with an unlimited supply of cheque leaves. The free cheques facility is only reserved for the literate pensioners.

Debit card:

All account holders get a debit card which can be used for cash withdrawals, ATM transactions, balance enquiries etc. The debit card can also be used for making online and retail transactions.

Overdraft facility:

Pensioners may avail overdraft facility up-to a maximum of 2 months’ pension amount as per the net credit to savings account in the previous month, only if no other credit facility is availed by the pensioner.

Benefits of the Baroda Pensioners Savings Bank Account

No Minimum Balance requirement in the account.

Net banking

Customer get access to net banking facility for paying utility bills, online shopping and making other online transactions.

Outstation cheque

Customers can enjoy immediate credit of outstation cheques for up to Rs. 25,000

Nomination facility

Nomination facility is also available under this account

Cash deposit

Customers can deposit unlimited cash in their home branch and up-to ₹25,000 in outstation branches free of charge.

Popular Articles

Related Articles

Leave a Comment

Thanks for submitting your details.

Comments

  • Divyansh Lohan
    23 October, 2021

    1000 max

  • Bhairavnath Malhari mali
    22 October, 2021

    500

  • Samsad Ali
    21 October, 2021

    Amar

  • Sandeep nagar
    19 October, 2021

    0

  • amar
    18 October, 2021

    atm pin

  • orang Joy
    18 October, 2021

    5tyy

  • Mohd Sohel Khan
    18 October, 2021

    5

  • Dheeraj Kumar
    17 October, 2021

    500

  • Shaikh rehan
    14 October, 2021

    Soo cool bank of badoda

  • Sanjay Verma
    14 October, 2021

    Sanjay Verma

  • Mahendra suna
    14 October, 2021

    Business

  • Rahul singh chandel
    14 October, 2021

    Open account saving

  • Shaikh Sufyan abdullatif
    13 October, 2021

    Shaikh Sufyan Abdullatif

  • Lakeshmi kant
    12 October, 2021

    Hii

  • Jatin
    12 October, 2021

    Nice

  • Rahul Pradhan
    12 October, 2021

    500

  • Kalu lal balai
    11 October, 2021

    Hii

  • Pradeep sarkar
    11 October, 2021

    0

  • VINEET VERMA
    11 October, 2021

    0

  • Hemant sen
    10 October, 2021

    500

  • Kulamani roul
    09 October, 2021

    500

  • Nuruddin
    09 October, 2021

    500

  • Sunil singad
    09 October, 2021

    Zero belence account chahiye sir ji ATM bhi chahiye passbook bhi chahiye sir ji Aartik stati kharab he sir ji Bus Etna hi kahunga sir Plz help me sir ji Kitne din me ATM aajayga meko do din me chahiye sir ji plz you are request plz sir ji 9294889531

  • Swati Shinde
    02 October, 2021

    my parents have pension account in Dahisar branch Mumbai, Now they are settle in kudal Maharashtra, The kudal branch does not accept the request for the cheque book, they advice to put the request at dahisar branch. for issuing the new cheque book , they have to come to mumbai; what are the oprions

  • Raharani Sinha
    29 September, 2021

    I have a saving Bank account last 4 years but I want to change my account into Pension account from Saving Bank account through online, please suggest it is possible or not.

  • Bishnu majhi
    20 September, 2021

    Bishnu

  • vijay
    14 September, 2021

    plz open 500

  • Saleha khatoon
    13 September, 2021

    Passbook chek kerna hai

  • Muktul islam
    11 September, 2021

    MMM

Baroda Basic Savings Account

Basic Savings Account
If you want to open a bank account where you are not required to maintain a minimum balance every month, you can open a basic savings account. Introduced to encourage more financial inclusion, in other words, have more people become part of the banking system, a basic savings account offers basic features like deposit and withdrawal, a debit card and internet banking facility. But there is no minimum balance requirement. There are some other features of a basic savings account that vary slightly from bank to bank.
Benefits of a basic savings account
No charges for not maintaining minimum balance
The major benefit of a basic savings account is that unlike other savings accounts, you will not be fined for not maintaining minimum balance.
Cheque book
The deposit account holder will receive a 15 leaves cheque book while opening this account for no extra cost. The account holder will receive 30 cheque leaves free in a financial year.
ATM-cum-debit card
You will also get a Rupay Classic debit card free of cost that can be used to withdraw cash from ATMs or at points of sale when you make purchases.
Free passbook
The passbook facility is also available to you for free on opening a basic savings deposit account.
No charges for dormancy
You will not be charged for a dormant or non-operational account.
Free registration for standing instructions
Basic savings deposit account holders will get a free registration for standing instructions and execution from the same branch. They will have to pay charges for any other branch within the same bank or other bank.
Features of a basic savings account
Anyone can open it
Anyone can open a basic savings deposit account after furnishing all the documents to complete KYC (Know Your Customer) norms. But please note, that if you open a basic banking deposit account and you already have regular savings accounts with the bank, you will have to close the regular Savings accounts within 30 days of opening the basic savings deposit account. You will also have to submit a declaration to the Bank stating that you are not maintaining any BSBD account with our/ any other Bank.
Zero balance account
Basic savings account is a zero balance account where you are not penalized for not maintaining a specified account balance, like the regular savings accounts.
A Bank of Baroda basic savings deposit account has the following features-

30 cheque leaves in a year for free.
Debit cum ATM card at no cost however, annual fee will be applicable from second year onwards.
Internet banking facility
Four withdrawals allowed in a month for free (including ATM withdrawals from own/ other Bank’s network)
Account holders can provide standing instructions to the bank
Interest rate, tenure, application of interest is the same as regular savings accounts
No charges for dormant account or inoperative accounts.
Regular KYC norms will apply for basic schemes as well.

Baroda Premium Current Account-Privilege (BPCAP)

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 statements
Account holders can get free account statements, twice a month.
Free facilities
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 alert and missed call facilities. Folio charges on the account are also waived off.
Fund transfer
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

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.