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Children- Baroda Champ

Baroda Champ Account

  • Eligibility Age 0 to 18 years
  • No minimum Balance requirement
  • No charges on School Fee Payment
    • DD free per month for fee payment (to a maximum amount of Rs.1 lac)
    • NEFT/ IMPS (outward & inward) free for an amount of Rs.1 lac per month
  • Theme-Based RuPay Baroda Champ Debit Card issuance available to applicant individually above 10 years of age.
  • No issuance charges on Debit card. Renewal charges will be applicable
  • Internet Banking facility available, subject to min. age of accountholder is 10 years
  • Mobile Banking facility available, subject to min. age of accountholder is 10 years
  • Auto / Reverse Sweep with flexibility in threshold and Sweep out amount: Auto transfer of funds exceeding Rs.10,000/- to short deposit with a minimum of Rs. 5,000/- for 180 days and auto retransfer to the account from short deposit, in case funds are required in the Super Savings Bank account in multiple of Rs.5,000/- to bring you higher interest with high liquidity.

Transactions of saving oriented nature are permitted. Commercial transactions are non allowable transactionsIf non allowable transactions are noticed then Bank may close the account with prior notice/intimation citing reasons thereof. The maximum balance outstanding on any day should not be more than Rs.1 lakh

Balance Requirement:

  • No minimum balance requirement
  • Maximum credit balance in account is Rs.1 lakh

Non-maintenance of QAB charges:- NIL


  • Overall transaction limit of Rs.5000/- per day
  • Combined transaction limit of Rs.3000 per day from ATM & POS

Interest calculation and frequency:

  • Interest is calculated on daily product basis and credited to accounts quarterly. For this purpose Bank’s quarters are April to June, July to September, October to December and January to March. Interest is credited to the account within 15 days of end of quarter. However, Value date effect as of 1st day of the month is given while crediting interest.

Withdrawal(s) & use of Withdrawal Form (Slip):

  • Withdrawals will be allowed either by withdrawal forms or by cheques. Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs.5000/- (Minimum Rs.25/- in Rural/SU and Rs.50/- in Metro/Urban)

Free cheque book

  • facility upto 45 leaves in a financial year, charges will be levied @ Rs. 5/- per leaf thereafter.

Registration and execution of Standing instructions:

  • A) No charge within the same branch
    B) Rs. 50/- for any other branch within the bank.
    C) Rs. 100/- for outside the Bank.
  • Rs. 100/- per occasion will be levied for Standing instruction failure because of insufficient funds

Transfer of account/ scheme :

  • upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/ scheme free of charge.

Dormant/ Inoperative Account:

  • Account becomes inoperative/dormant if there are no customer induced transactions in Savings account for over a period of two years. Interest is continued to be applied in all such Savings Bank accounts. No charges are levied for in-operation of accounts.
  • Activation/Closure of Dormant/Inoperative accounts will be done after submission of necessary KYC documents, photo, fresh specimen signature subject to satisfaction of the Bank.
  • All Accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer such deposits will be returned subject to conditions.

SMS Alerts and Charges

  • Charges @ Rs. 15/- per quarter are levied.


  • facility available

Debit card

  • Baroda Champ Rupay Debit card to be issued for applicant of more than 10 years of age.

Sweep Facility is available on request

  • The auto sweep will trigger in excess of Rs. 10000/- for transfer of the amount in term deposit.

Auto Sweep Amount

  • Default setting: The amount in excess of threshold limit in multiple of Rs. 5,000/-.The customer, looking to his needs, will have liberty to fix higher amount than Rs. 5,000/-, in multiple of Rs. 1,000/- for triggering auto sweep.

Reverse Sweep Amount

Default setting: In case of need, reverse sweep will be permitted in multiple of Rs. 5000/-. For reverse sweep, the LIFO system will be followed

    • Tenure of the term deposit: Tenure of the term deposit will be 180 days.
    • In case customer is in need of funds, the amount lying in FFD will be available to the customer through reverse sweep facility. However, for premature withdrawals of all deposits, interest will be paid one per cent less than the rate which is applicable at the time of placing the deposit, for the period for which the deposit has actually run.

All other rules like service charges on inoperative accounts, addition / deletion of names, payment of interest, etc. governing Savings Bank Accounts shall also apply to these accounts mutatis mutandis unless otherwise specified.

Closure of account and charges :

1.All the authorized signatories of the account will give in writing his/her/their intention to close the account. The relative passbook, Debit Card and the unused cheque leaves should be surrendered along with the letter requesting closure.

2. In case of pre-mature closure of the account no charges will be levied if the account is closed within 14 days of first customer induced credit into the account. However, charges @ Rs.200/- plus service tax will be levied if account is closed beyond 14 days but within 1 year of the first customer induced transaction. In case of death of account holder no charges will be levied.

Disclosure of information

  • The Bank may disclose information about customer’s account, if required and 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 commitments to customers and grievance redressal policy are available at the branches
  • MITCs OF ATM/DEBIT Card, Mobile Banking, Net Banking in Application Forms are available separately.
  • The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website.
  • Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh).

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